Conifex nearly doubles lumber sales from a year ago
May 14, 2021 | 6:53 pm CDT
Conifex Timber

VANCOUVER, British Columbia -- Conifex Timber Inc., propelled by the historic run of rising lumber prices, reported a first-quarter profit of $4.5 million for the first quarter versus a net loss of $7.7 million for Q1 2020.

While the company’s lumber sales jumped from $20.9 million in Q1 2020 to $39.9 million in Q1 2019, they actually dipped from the $42 million reported in Q4 2020 due to reduced shipments reflecting railcar shortages. Conifex said it was only able to ship 10 weeks of lumber production during the 13-week quarter.

Conifex said it produced 37.8 million board feet of lumber in Q1 2021 versus 49.1 million board feet in Q4 2020, a 23% decrease. 

Conifex said it expects lumber markets to remain strong in 2021, “supported by robust demand from U.S. housing starts and continued strength in the repair and remodeling sector.”

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Rich Christianson | President/Owner/C-Level

Rich Christianson is the owner of Richson Media LLC, a Chicago-based communications firm focused on the industrial woodworking sector. Rich is the former long-time editorial director and associate publisher of Woodworking Network. During his nearly 35-year career, Rich has toured more than 250 woodworking operations throughout North America, Europe and Asia and has written extensively on woodworking technology, design and supply trends. He has also directed and promoted dozens of woodworking trade shows, conferences and seminars including the Cabinets & Closets Conference & Expo and the Woodworking Machinery & Supply Conference & Expo, Canada’s largest woodworking show.