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Canfor Corporation (T:CFP)

Business Focus: Forest & Wood Products

Sector:  Basic Materials Industry:  Forest & Wood Products
See Regulatory Filings on SEDAR
Company Contact
Address: 100-1700 75th Ave W
Tel: 1-604-6615441
IR: See website
Key People
Donald B. Kayne
President, Chief Executive Officer, Director
Darren Barker
Chief Digital Officer and Senior Vice President - Global Supply Chain
Alan R. Nicholl
Chief Financial Officer, Executive Vice President - Finance
Mans Johansson
Chief Executive Officer - Vida Group
Tony Sheffield
President - Canfor Southern Pine
Stephen J. Mackie
Executive Vice President - North American Operations
Patrick A. J. Elliott
Senior Vice President - Corporate Finance and Sustainability
Kevin Pankratz
Senior Vice President - Sales and Marketing
Katy Player
Senior Vice President - People
David M. Calabrigo
Senior Vice President - Corporate Development, Legal Affairs and Corporate Secretary
Business Overview
Canfor Corporation is an integrated forest products company. The Company produces softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, wood pellets and energy. Its segments include lumber, and pulp and paper. Its lumber segment includes logging operations, and manufacturing and sale of various grades, widths and lengths of lumber, engineered wood products, wood chips and wood pellets. Its lumber operations also include a finger-joint plant, two glulam plants, a whole-log chipping plant and a trucking division. The Pulp and Paper segment consists of three northern softwood market Kraft pulp mills and the Taylor pulp mill, all of which are owned and operated by Canfor Pulp Products Inc. (CPPI) in British Columbia. Its pulp and paper segment includes purchase of residual fiber, and production and sale of pulp and paper products, including Northern Bleached Softwood Kraft and Bleached Chemi-Thermo Mechanical Pulp, as well as energy revenues.
Financial Overview
For the six months ended 30 June 2021, CanforCorporation revenues increased 94% to C$4.44B. Net incometotaled C$1.15B vs. loss of C$9.3M. Revenues reflect Lumbersegment increase from C$1.76B to C$3.84B, Pulp & Papersegment increase of 13% to C$596.4M, United States segmentincrease from C$1.14B to C$2.57B, Europe segment increaseof 73% to C$629.6M, Canada segment increase from C$221.2Mto C$463.3M.
Employees: 6,766 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $4,037M as of Jun 30, 2021
Annual revenue (TTM): $7,605M as of Jun 30, 2021
EBITDA (TTM): $2,745M as of Jun 30, 2021
Net annual income (TTM): $1,708M as of Jun 30, 2021
Free cash flow (TTM): $1,940M as of Jun 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 124,955,900 as of Jul 15, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization