Interfor Corporation (T:IFP)
Business Focus: Logging & Sawmills
| Sector: Basic Materials | Industry: Forest & Wood Products |
| Company Contact | |
| Address: | 1600-4720 Kingsway, Metrotower II BURNABY BC V5H 4N2 |
| Tel: | 1-604-6896846 |
| Website: | https://www.interfor.com |
| IR: | See website |
| Key People | ||
| Ian M. Fillinger President, Chief Executive Officer, Director | Richard A. Pozzebon Chief Financial Officer, Executive Vice President | Andrew L. Horahan Executive Vice President - Canadian Operations |
| S. Bruce Luxmoore Executive Vice President - U.S. Operations | Barton Bender Senior Vice President - Sales and Marketing | Timothy P. Hartnett Senior Vice President - Human Resources | Xenia Kritsos General Counsel, Corporate Secretary |
| Business Overview |
| Interfor Corporation is a Canada-based forest products company. The Company and its subsidiaries produce wood products in Canada and the United States for sale to markets around the world. The Company operates through solid wood products segment. The Company offers its products across two categories, which include Dimension Lumber and Specialty Lumber. The Company's products include Interfor machine-stress rated (MSR) Lumber, Interfor Western HQ Lumber, Interfor Stud Lumber, Interfor Elite Decking, Interfor Elite Fascia & Boards, Interfor Elite V-Joint Paneling, Interfor Elite Fineline Paneling, Interfor Elite Channel and Lap sidings, Interfor Elite Bevel Siding and Interfor Elite Shadow Gap Siding. It produces quality joist products for both residential and commercial floor and roof projects. The Company has annual lumber production capacity of approximately 5.2 billion board feet and offers a diverse line of lumber products to customers around the globe. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Interfor Corp revenues decreased 28% to C$3.32B. Net loss totaled C$266.8M vs. income of C$598.2M. Revenues reflect Lumbers segment decrease of 32% to C$2.79B, Logs segment decrease of 2% to C$182.5M, United States segment decrease of 29% to C$2.59B, Canada segment decrease of 18% to C$656.3M. Net loss reflects Borrowings increase from C$19.8M to C$54.8M (expense). |
| Employees: | 3,562 as of Dec 31, 2021 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1,834M as of Mar 31, 2024 |
| Annual revenue (TTM): | $3,316M as of Mar 31, 2024 |
| EBITDA (TTM): | $35.70M as of Mar 31, 2024 |
| Net annual income (TTM): | -$266.80M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$79.60M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $883.00M as of Mar 31, 2024 |
| Shares outstanding: | 51,446,803 as of Mar 12, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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