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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
VANCOUVER BC V6P 6G2
Tel: 1-604-6615441
Website: www.canfor.com
IR: See website
Key People
Conrad A. Pinette
Independent Chairman of the Board
Patrick A. J. Elliott
Vice President - Corporate Finance & Strategy
Donald B. Kayne
President, Chief Executive Officer, Director
Alan R. Nicholl
Chief Financial Officer, Senior Vice President - Finance and Canfor Pulp Operations
Mans Johansson
Chief Executive Officer - Vida Group
Frederick Stimpson
President - Canfor Southern Pine
Stephen J. Mackie
Executive Vice President - North American Operations
Kevin Pankratz
Senior Vice President - Sales and Marketing
David M. Calabrigo
Senior Vice President - Corporate Development, Legal Affairs and Corporate Secretary
Mark A. Feldinger
Senior Vice President - Global Supply Chain
   
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 three months ended 31 March 2021, CanforCorporation revenues increased 66% to C$1.94B. Net incometotaled C$427.8M vs. loss of C$70M. Revenues reflect Lumbersegment increase of 88% to C$1.68B, United States segmentincrease of 92% to C$1.09B, Europe segment increase of 58%to C$302.2M, Canada segment increase of 73% to C$224.4M.Net Income reflects Lumber segment income totaling C$606.7Mvs. loss of C$89.1M.
Employees: 6,766 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $4,666M as of Mar 31, 2021
Annual revenue (TTM): $6,226M as of Mar 31, 2021
EBITDA (TTM): $1,815M as of Mar 31, 2021
Net annual income (TTM): $1,042M as of Mar 31, 2021
Free cash flow (TTM): $1,177M as of Mar 31, 2021
Net Debt Last Fiscal Year: $165.20M as of Mar 31, 2021
Shares outstanding: 125,219,400 as of Mar 31, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization