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Interfor Corporation (T:IFP)

Business Focus: Logging & Sawmills

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Sep 03, 2019 09:03 pm ET
Interfor Announces Plan to Reconfigure its B.C. Coastal Business
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) today announced a plan to reconfigure its B.C. Coastal business, including the permanent closure of its Hammond sawmill, located in Maple Ridge, B.C., and the reorganization of its...
Aug 26, 2019 07:30 am ET
Interfor Announces Leadership Change
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) announced today that long-time President & CEO Duncan Davies will step down on December 31, 2019 and that Ian Fillinger, currently the Company’s Senior Vice President & COO, has been...
Aug 08, 2019 05:11 pm ET
Interfor Reports Q2’19 Results
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) Interfor recorded a net loss in Q2’19 of $11.2 million, or $0.17 per share, compared to a net loss of $15.3 million, or $0.23 per share in Q1’19 and net earnings of $63.7 million, or...
Jul 08, 2019 06:25 pm ET
Interfor to Announce Second Quarter Results on August 8, 2019
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) will release its second quarter financial results on August 8, 2019. Information related to Interfor’s second quarter financial results will be available at www.interfor.com/investors....
Jun 20, 2019 05:49 pm ET
Homalco and Interfor Celebrate Partnership on National Indigenous Peoples Day 2019
XWÉMALHKWU (HOMALCO) FIRST NATION and INTERFOR CORPORATION (“Interfor”) (TSX:IFP) have signed a five-year relationship agreement that builds on the meaningful, mutually beneficial, and long-term relationship they have built over the last 10 years....
Jun 03, 2019 09:00 pm ET
Interfor Enters into Agreement to Acquire BC Interior Cutting Rights from Canfor
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) today announced that it has entered into a purchase agreement to acquire cutting rights in the Adams Lake area of the BC Interior from Canfor Corporation (“Canfor”). Summary Purchase...
May 28, 2019 05:06 pm ET
Interfor to Take Additional Downtime in BC Interior
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) today announced plans to temporarily reduce production across its operating platform in the BC Interior during the month of June 2019 due to a combination of weak lumber prices and...
May 02, 2019 09:30 pm ET
Interfor Reports Voting Results from Annual General Meeting
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) announced the voting results for the election of its Board of Directors, which took place at the Company’s Annual General Meeting held today in Vancouver, British Columbia.  The nominees...
May 02, 2019 05:04 pm ET
Interfor Reports Q1’19 Results
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) recorded a net loss in Q1’19 of $15.3 million, or $0.23 per share, compared to $13.5 million, or $0.20 per share in Q4’18 and net earnings of $32.7 million, or $0.47 per share in Q1’18....
Apr 25, 2019 05:01 pm ET
Interfor to Take Downtime in BC Interior
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) today announced plans to temporarily reduce production across its operating platform in the BC Interior during the month of May 2019 due to a combination of weak lumber prices and...
Apr 02, 2019 08:23 pm ET
Interfor to Announce First Quarter Results on May 2, 2019
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) will release its first quarter financial results on May 2, 2019. Information related to Interfor’s first quarter financial results will be available at www.interfor.com/investors. The...
Mar 29, 2019 12:35 am ET
Interfor Completes Modernization of Its Credit Facilities
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) today announced that it has closed a new and modernized credit facility with a syndicate of major banks co-led by RBC Capital Markets, TD Securities and Wells Fargo. The new facility...
Mar 18, 2019 07:19 pm ET
Interfor Publishes 2018 Corporate Sustainability Report
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX:IFP) announced today that it has published its 2018 corporate sustainability report; it can be viewed online: www.interfor-sustainability.com. The report highlights Interfor’s continuing...
Mar 04, 2019 06:44 pm ET
Interfor Renews Share Buyback Program
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) announced today that the Toronto Stock Exchange (“TSX”) has approved the renewal of the Company’s normal course issuer bid (“NCIB”). The NCIB will allow for the purchase during the...
Feb 07, 2019 05:28 pm ET
Interfor Reports 2018 Results
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) recorded net earnings of $111.7 million, or $1.60 per share, in 2018, compared to $97.2 million, or $1.39 per share in 2017.  Adjusted EBITDA was $280.4 million on record annual sales of...
Jan 07, 2019 08:41 pm ET
Interfor to Announce Fourth Quarter and Fiscal 2018 Results on February 7, 2019
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) will release its fourth quarter and fiscal 2018 financial results on February 7, 2019. Information related to Interfor’s fourth quarter and fiscal 2018 financial results will be...
Dec 18, 2018 07:32 pm ET
Interfor Amends Share Buyback Program
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) announced today that the Toronto Stock Exchange (“TSX”) has accepted a notice filed by the Company of its intention to amend its normal course issuer bid (“NCIB”). The amended NCIB will...
Nov 08, 2018 06:05 pm ET
Interfor Reports Q3’18 Results
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) recorded net earnings in Q3’18 of $28.1 million, or $0.40 per share, compared to $63.8 million, or $0.91 per share in Q2’18 and $16.8 million, or $0.24 per share in Q3’17.  Adjusted net...
Oct 12, 2018 08:30 am ET
Interfor to Take Downtime in BC Interior
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) today announced plans to temporarily reduce production across its operating platform in the BC Interior in Q4’18 due to a combination of declining lumber prices and escalating log costs....
Oct 09, 2018 05:17 pm ET
Interfor to Announce Third Quarter Results on November 8, 2018
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) will release its third quarter financial results on November 8, 2018. Information related to Interfor’s third quarter financial results will be available at www.interfor.com/investors....
Sep 06, 2018 04:13 pm ET
Interfor Hires Record Number of Co-op Students in 2018
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX:IFP) Interfor employed 40 co-op students in 2018—the most ever in a single year—and will be in universities and colleges again this fall to grow our program for 2019. “The co-op program is an...
Aug 02, 2018 06:02 pm ET
Interfor Reports Q2’18 Results
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX:IFP) recorded net earnings in Q2’18 of $63.8 million, or $0.91 per share, compared to $33.0 million, or $0.47 per share in Q1’18 and $24.5 million, or $0.35 per share in Q2’17.  Adjusted net...
Jul 03, 2018 06:03 pm ET
Interfor to Announce Second Quarter Results on August 2, 2018
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX:IFP) will release its second quarter financial results on August 2, 2018. Information related to Interfor’s second quarter financial results will be available at www.interfor.com/investors....
May 22, 2018 07:18 pm ET
Interfor Resumes Operations at Grand Forks Sawmill
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX:IFP) announced today that it has resumed operations at its sawmill in Grand Forks, BC following severe flooding in the area over the past two weeks. The sawmill was temporarily curtailed on...
May 03, 2018 09:37 pm ET
Interfor Reports Voting Results from Annual General Meeting
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX:IFP) announced the voting results for the election of its Board of Directors, which took place at the Company’s Annual General Meeting held today in Vancouver, British Columbia.  The nominees...
May 03, 2018 05:20 pm ET
Interfor Reports Q1’18 Results
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX:IFP) recorded net earnings in Q1’18 of $33.0 million, or $0.47 per share, compared to $36.2 million, or $0.52 per share in Q4’17 and $19.7 million, or $0.28 per share in Q1’17.  Adjusted net...
Apr 18, 2018 05:04 pm ET
Interfor Consents to a Sale of Shares by Ilim
VANCOUVER, British Columbia, April 18, 2018 (GLOBE NEWSWIRE) -- INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX:IFP) announced today that it has removed the sale restrictions on, and consented to a sale by Ilim Timber Continental S.A. of, 3.68...
Apr 03, 2018 01:11 pm ET
Interfor to Announce First Quarter Results on May 3, 2018
Analyst Conference Call – 8:00 a.m. Pacific, Friday, May 4, 2018
Mar 15, 2018 04:15 pm ET
Interfor Publishes Corporate Sustainability Report
VANCOUVER, British Columbia, March 15, 2018 (GLOBE NEWSWIRE) -- INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX:IFP) announced today that it has published its first corporate sustainability report; it can be viewed online: www.interfor-sustainability.com.
Mar 01, 2018 09:01 pm ET
Interfor Announces Renewal of Normal Course Issuer Bid
VANCOUVER, B.C., March 01, 2018 (GLOBE NEWSWIRE) -- INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX:IFP) announced today that it has received approval from the Toronto Stock Exchange (“TSX”) to renew its normal course issuer bid (“NCIB”) to purchase...
Feb 08, 2018 06:00 pm ET
Interfor Reports Q4’17 Results
Record Quarterly Sales of $533 million and EBITDA1 of $90 millionRecord Annual Sales of $2 billion and EBITDA1 of $288 millionQuarterly Free Cash Flow from Operations of $83 Million (or $1.19 per Share)Net Debt to Invested Capital Ratio of 12%
Jan 08, 2018 08:38 pm ET
Interfor to Announce Fourth Quarter and Fiscal 2017 Results on February 8, 2018
Analyst Conference Call – 8:00 a.m. Pacific, Friday, February 9, 2018
Dec 05, 2017 07:25 pm ET
Paul Herbert Steps Down from Interfor Board
INTERFOR CORPORATION ("Interfor" or the "Company") (TSX:IFP) announced today that Paul Herbert has stepped down from the Interfor Board, effective immediately, as a result of Ilim Timber Continental S.A. ("Ilim Timber") providing notice that it has...
Dec 05, 2017 07:25 pm ET
Paul Herbert Steps Down from Interfor Board
INTERFOR CORPORATION ("Interfor" or the "Company") (TSX: IFP) announced today that Paul Herbert has stepped down from the Interfor Board, effective immediately, as a result of Ilim Timber Continental S.A. ("Ilim Timber") providing notice that it has terminated its right to nominate a director to the Company's Board. Ilim Timber holds 3.68 million Interfor common shares and shall remain subject to restrictions relating to the sale of these common shares for one year. Lawrence Sauder, Interfor's Chairman of the Board, would like to thank Mr. Herbert for his
Nov 07, 2017 08:49 pm ET
Interfor CFO Plans to Sell Common Shares
INTERFOR CORPORATION ("Interfor" or the "Company") (TSX: IFP) announced today that John Horning, Interfor's Chief Financial Officer who intends to retire on December 31, 2018 (announced on November 2, 2017), has advised the Company of his intention to sell, subject to market conditions, a portion of his Interfor shareholdings over the next 14 months for financial planning purposes. Mr. Horning currently has a total of 254,600 shares and deferred share units. As outlined in the Company's Information Circular dated March 15, 2017, Mr. Horning has a share ownership
Nov 07, 2017 08:49 pm ET
Interfor CFO Plans to Sell Common Shares
INTERFOR CORPORATION ("Interfor" or the "Company") (TSX:IFP) announced today that John Horning, Interfor's Chief Financial Officer who intends to retire on December 31, 2018 (announced on November 2, 2017), has advised the Company of his intention...
Nov 02, 2017 05:22 pm ET
Interfor Reports Q3'17 Results
INTERFOR CORPORATION ("Interfor" or "the Company") (TSX: IFP) recorded net earnings in Q3'17 of $16.8 million, or $0.24 per share, compared to $24.5 million, or $0.35 per share in Q2'17 and $15.1 million, or $0.22 per share in Q3'16. Adjusted net earnings(1) (which takes into account the effects of share-based compensation expense and non-recurring items) in Q3'17 were $20.0 million or $0.29 per share, compared to $28.7 million, or $0.41 per share in Q2'17 and $20.7 million, or $0.30 per share in Q3'16.
Oct 02, 2017 06:41 pm ET
Interfor to Announce Third Quarter Results on November 2, 2017
INTERFOR CORPORATION ("Interfor" or the "Company") (TSX: IFP) will release its third quarter financial results on November 2, 2017. Information related to Interfor's third quarter financial results will be available at www.interfor.com/investors.
Aug 03, 2017 06:55 pm ET
Interfor Reports Q2'17 Results
INTERFOR CORPORATION ("Interfor" or "the Company") (TSX: IFP) recorded net earnings in Q2'17 of $24.5 million, or $0.35 per share, compared to $19.7 million, or $0.28 per share in Q1'17 and $23.2 million, or $0.33 per share in Q2'16. Adjusted net earnings(1) (which takes into account the effects of share-based compensation expense and non-recurring items) in Q2'17 were $28.7 million or $0.41 per share, compared to $22.7 million, or $0.32 per share in Q1'17 and $17.5 million, or $0.25 per share in Q2'16.
Jul 06, 2017 11:48 am ET
Interfor to Announce Second Quarter Results on August 3, 2017
INTERFOR CORPORATION ("Interfor" or the "Company") (TSX: IFP) will release its second quarter financial results on August 3, 2017. Information related to Interfor's second quarter financial results will be available at www.interfor.com/investors.
May 24, 2017 05:00 pm ET
Interfor Announces Millwright Apprenticeship Program in the US South
INTERFOR CORPORATION (TSX: IFP) ("Interfor" or the "Company") is launching a three-year Millwright Apprenticeship Program to support career development at its sawmills across the US South.
May 04, 2017 09:34 pm ET
Interfor Announces Election of Directors
INTERFOR CORPORATION ("Interfor" or the "Company") (TSX: IFP) announced that all director nominees listed in the information circular for its Annual General Meeting (the "Meeting") held today, were elected as directors of Interfor. The report on proxies indicated the following detailed voting results:
May 04, 2017 05:51 pm ET
Interfor Reports Q1'17 Results
INTERFOR CORPORATION ("Interfor" or "the Company") (TSX: IFP) recorded net earnings in Q1'17 of $19.7 million, or $0.28 per share, compared to $26.6 million, or $0.38 per share in Q4'16 and $0.8 million, or $0.01 per share in Q1'16. Adjusted net earnings(1) (which takes into account the effects of share-based compensation expense and non-recurring items) in Q1'17 were $22.7 million or $0.32 per share, compared to $17.7 million, or $0.25 per share in Q4'16 and $2.7 million, or $0.04 per share in Q1'16.
Apr 06, 2017 09:48 pm ET
Interfor Files Updated Annual Report
INTERFOR CORPORATION ("Interfor" or the "Company") (TSX: IFP) has today filed an updated Annual Report on SEDAR to correct certain publishing and typographical issues that were identified in the previous version. The Company's 2016 Consolidated Financial Statements (financial statements) and Management's Discussion and Analysis (MD&A) filings are correct in all respects and remain unchanged. The issues arose from the process of compiling these documents into the Annual Report. In particular, the updated Annual Report reflects changes to a paragraph in the MD&A
Apr 06, 2017 09:48 pm ET
Interfor Files Updated Annual Report
INTERFOR CORPORATION ("Interfor" or the "Company") (TSX:IFP) has today filed an updated Annual Report on SEDAR to correct certain publishing and typographical issues that were identified in the previous version. The Company's 2016 Consolidated...
Apr 04, 2017 08:31 pm ET
Interfor to Announce First Quarter Results on May 4, 2017
INTERFOR CORPORATION ("Interfor" or the "Company") (TSX: IFP) will release its first quarter financial results on May 4, 2017. Information related to Interfor's first quarter financial results will be available at www.interfor.com/investors.
Mar 10, 2017 05:15 pm ET
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
Results of the Quarterly Review of the S&P/TSX Composite Index
Mar 02, 2017 08:09 pm ET
Interfor Announces Normal Course Issuer Bid
INTERFOR CORPORATION ("Interfor" or "the Company") (TSX: IFP) announced today that it has received approval from the Toronto Stock Exchange ("TSX") to launch a normal course issuer bid ("NCIB") to purchase for cancellation up to 3,500,000 of its common shares, representing approximately 5% of the common shares issued and outstanding as of March 2, 2017 (70,030,455 common shares).
Feb 09, 2017 05:51 pm ET
Interfor Reports Year-End and Q4'16 Results
INTERFOR CORPORATION ("Interfor" or "the Company") (TSX: IFP) recorded net earnings in Q4'16 of $26.6 million, or $0.38 per share, compared to $15.1 million, or $0.22 per share in Q3'16 and a loss of $3.5 million, or $0.05 per share in Q4'15. Adjusted net earnings1 (which takes into account the effects of share-based compensation expense and non-recurring items) in Q4'16 were $17.7 million or $0.25 per share, compared to $20.7 million, or $0.30 per share in Q3'16 and $4.5 million, or $0.06 per share in Q4'15.
Jan 13, 2017 05:15 pm ET
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
Results of the Quarterly Review of the S&P/TSX Composite Buyback and Shareholder Yield Indices
Jan 11, 2017 08:05 pm ET
Interfor to Announce Fourth Quarter and Fiscal 2016 Results on February 9, 2017
INTERFOR CORPORATION ("Interfor" or the "Company") (TSX: IFP) will release its fourth quarter and fiscal 2016 financial results on February 9, 2017. Information related to Interfor's fourth quarter and fiscal 2016 financial results will be available at www.interfor.com/investors.
Nov 30, 2016 05:52 pm ET
Interfor Completes Sale of Tacoma Sawmill Property
INTERFOR CORPORATION ("Interfor" or the "Company") (TSX: IFP) announced today that it has completed the final step in the monetization of its former sawmill in Tacoma, Washington, with the closing of the sale of the Tacoma sawmill property for gross proceeds of US$32.4 million. Net cash proceeds from the sale of the property are estimated to be US$21 million after taking into account transaction costs, potential post-closing adjustments and the US$10 million payment to be made to Simpson Lumber Company. The net proceeds will be used to further reduce net debt.
Nov 03, 2016 05:00 pm ET
Interfor Reports Q3'16 Results
Interfor Corporation ("Interfor" or the "Company") (TSX: IFP) recorded net earnings in Q3'16 of $15.1 million, or $0.22 per share, compared to $23.2 million, or $0.33 per share in Q2'16. Adjusted net earnings(1) in Q3'16 were $22.8 million, or $0.33 per share, compared to $20.9 million, or $0.30 per share, in Q2'16.
Oct 03, 2016 08:00 am ET
Interfor Appoints Gillian L. Platt to Its Board of Directors
INTERFOR CORPORATION ("Interfor" or the "Company") (TSX: IFP) is pleased to announce the appointment of Gillian L. Platt of Kelowna, BC to its Board of Directors.
Oct 03, 2016 08:00 am ET
Interfor to Announce Third Quarter Results on November 3, 2016
INTERFOR CORPORATION ("Interfor" or the "Company") (TSX: IFP) will release its third quarter financial results on November 3, 2016. Information related to Interfor's third quarter financial results will be available at www.interfor.com/investors.
Jul 28, 2016 05:00 pm ET
Interfor Reports Q2'16 Results
INTERFOR CORPORATION ("Interfor" or the "Company") (TSX: IFP) recorded net earnings in Q2'16 of $23.2 million, or $0.33 per share, compared to $0.8 million, or $0.01 per share in Q1'16. Adjusted net earnings1 in Q2'16 were $20.9 million, or $0.30 per share, compared to $2.6 million, or $0.04 per share, in Q1'16.
Jun 28, 2016 02:33 pm ET
Interfor to Announce Second Quarter Results on July 28, 2016
INTERFOR CORPORATION ("Interfor" or the "Company") (TSX: IFP) will release its second quarter financial results on July 28, 2016. Information related to Interfor's second quarter financial results will be available at www.interfor.com/investors.
Apr 28, 2016 09:10 pm ET
Interfor Announces Election of Directors
INTERFOR CORPORATION ("Interfor" or the "Company") (TSX: IFP) announced that all director nominees listed in the information circular for its Annual General Meeting (the "Meeting") held today, were elected as directors of Interfor. The report on proxies indicated the following detailed voting results:
Apr 28, 2016 05:01 pm ET
Interfor Reports Q1'16 Results
INTERFOR CORPORATION ("Interfor" or the "Company") (TSX: IFP) recorded Adjusted EBITDA(1) of $33.4 million on sales of $433.9 million in Q1'16 versus Adjusted EBITDA(1) of $35.8 million on sales of $411.4 million in Q4'15.
Mar 28, 2016 07:19 pm ET
Interfor to Announce First Quarter Results on April 28, 2016
INTERFOR CORPORATION ("Interfor" or the "Company") (TSX: IFP) will release its first quarter financial results on April 28, 2016. Information related to Interfor's first quarter financial results will be available at www.interfor.com/investors.