Interfor Reports Q4’17 Results

by pmnationtalk on February 9, 201823 Views

February 08, 2018

Record Quarterly Sales of $533 million and EBITDA 1 of $90 million
Record Annual Sales of $2 billion and EBITDA 1 of $288 million
Quarterly Free Cash Flow from Operatio ns of $83 Million (or $1.19 per Share)
Net Debt to Invested Capital Ratio of 12%
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) recorded net earnings in Q4’17 of $36.2 million, or $0.52 per share, compared to $16.8 million, or $0.24 per share in Q3’17 and $26.6 million, or $0.38 per share in Q4’16. Adjusted net earnings 1 in Q4’17 were $45.1 million or $0.64 per share, compared to $20.0 million, or $0.29 per share in Q3’17 and $17.7 million, or $0.25 per share in Q4’16.
Adjusted EBITDA1 was a record $89.5 million on sales of $532.8 million in Q4’17 versus $60.5 million on sales of $489.2 million in Q3’17.
For the year, net earnings were $97.2 million, or $1.39 per share, compared to $65.6 million or $0.94 per share in 2016. Adjusted EBITDA and sales were both records at $287.8 million and $2.0 billion, respectively.

NT4

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