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Canfor Corporation (T:CFP)

Business Focus: Forest & Wood Products (NEC)

Sector:  Basic Materials Industry:  Forest & Wood Products
 
See Regulatory Filings on SEDAR
Company Contact
Address: 100-1700 75th Ave W
VANCOUVER BC V6P 6G2
Tel: N/A
Website: www.canfor.com
IR: See website
Key People
Donald B. Kayne
President, Chief Executive Officer, Director
Bob Hayes
Vice President - Global Supply Chain
Patrick A. J. Elliott
Chief Financial Officer, Senior Vice President - Sustainability
Mans Johansson
Chief Executive Officer - Vida Group
Tony Sheffield
President - Canfor Southern Pine
Stephen J. Mackie
Executive Vice President - North American Operations
Kevin Pankratz
Senior Vice President - Sales and Marketing
Katy Player
Senior Vice President - People
David M. Calabrigo
Senior Vice President - Corporate Development, Legal and Corporate Secretary
Bob Smith
Vice President - North American Sales
   
Business Overview
Canfor Corporation is an integrated forest products company. The Company operates through two segments: 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 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. Its dimensional lumber includes Spruce Pine Fir (SPF), Southern Yellow Pine (SYP), Douglas Fir Larch (DFL), and Canfor Red. Its specialty lumber includes Balfour Boards, WynnWood Boards, Decking/Fascia, Lamstock, Long Lengths, Shop/Clears, and Access Mat Lumber. Its pulp products are Bleached Softwood Kraft Pulp and Unbleached Softwood Kraft Pulp. Its paper products are Bleached Kraft, Colored Kraft, and Unbleached Kraft. It also has bioenergy products.
Financial Overview
For the fiscal year ended 31 December 2022, Canfor Corporation revenues decreased 3% to C$7.43B. Net income decreased 41% to C$787.3M. Revenues reflect Lumber segment decrease of 3% to C$6.34B, Pulp and Paper segment decrease of 5% to C$1.09B, Asia segment decrease of 18% to C$1.12B, United States segment decrease of 2% to C$4.06B, Europe segment decrease of 2% to C$1.26B. Net income also reflects Lumber segment income decrease of 39% to C$1.24B.
Employees: 7,908 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $1,757M as of Dec 31, 2022
Annual revenue (TTM): $7,425M as of Dec 31, 2022
EBITDA (TTM): $1,622M as of Dec 31, 2022
Net annual income (TTM): $787.30M as of Dec 31, 2022
Free cash flow (TTM): $487.70M as of Dec 31, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 121,059,579 as of Feb 2, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization