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Interfor Corporation (T:IFP)

Business Focus: Logging & Sawmills

Sector:  Basic Materials Industry:  Forest & Wood Products
See Regulatory Filings on SEDAR
Company Contact
Address: 3500-1055 Dunsmuir St.
Stn Bentall Centre
PO Box 49114
Tel: 1-604-6896873
IR: See website
Key People
E. Lawrence Sauder
Independent Chairman of the Board
Duncan K. Davies
President, Chief Executive Officer, Director
Martin L. Juravsky
Chief Financial Officer, Senior Vice President
Ian M. Fillinger
Chief Operating Officer, Senior Vice President
J. Barton Bender
Senior Vice President - Sales and Marketing
Mark W. Stock
Senior Vice President - Human Resources & IT
Richard J. Slaco
Vice President and Chief Forester
Xenia Kritsos
General Counsel, Corporate Secretary
Business Overview
Interfor Corporation is a Canada-based lumber provider. The Company and its subsidiaries produce wood products in British Columbia, the United States Northwest and the United States South for sale to markets around the world. The Company operates through solid wood segment. The Company offers a range of products, including Clear Cedar Finger Joint Bevel Siding, Clear Cedar Solid Bevel Siding, Clear Cedar V-Joint Paneling, Dimension Lumber, Elite Cedar 5/4 Radius Edge Decking, Elite Cedar V-Joint Paneling, Elite Knotty Cedar Decking, Fineline Paneling, Japan Zairai-Beams, Japan Zairai-Ground Sill, Japan Zairai-Posts, Japan Zairai-Roof Structure, Japan Zairai-Small Structural, Reserve Boards, Reserve End-Matched Paneling, Reserve Lodgepole Pine Paneling, Reserve V-Joint Decking, Special Appearance Grade Cedar Timbers, Reserve Ponderosa Pine Paneling and Studs. The Company has approximately 20 mills across North America with annual capacity of over three billion board feet.
Financial Overview
For the nine months ended 30 September 2019, Interfor Corp revenues decreased 17% to C$1.42B. Net loss totaled C$62.1M vs. income of C$124.6M. Revenues reflect Lumbers segment decrease of 44% to C$810.4M, Logs segment decrease of 49% to C$67.5M, United States segment decrease of 45% to C$686.2M, Canada segment decrease of 35% to C$144.7M. Net loss reflects Severance and other increase from C$66K to C$17.8M (expense).
Employees: 1,142 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $1,007M as of Sep 30, 2019
Annual revenue (TTM): $1,888M as of Sep 30, 2019
EBITDA (TTM): $102.67M as of Sep 30, 2019
Net annual income (TTM): -$75.27M as of Sep 30, 2019
Free cash flow (TTM): -$188.70M as of Sep 30, 2019
Net Debt Last Fiscal Year: $249.76M as of Sep 30, 2019
Shares outstanding: 67,259,959 as of Dec 4, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization