West Fraser posts $1 billion first-quarter profit
April 30, 2022 | 3:38 pm CDT
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VANCOUVER, British Columbia – West Fraser Timber Co. Ltd. reported first-quarter earnings of $1.090 billion on total sales of 3.110 billion. Sales were up 33% compared to the first quarter of 2021.

Ray Ferris, West Fraser’s president and CEO, said, “We continued to manage significant transportation challenges and the resulting mill disruptions that commenced late last year in B.C. and that were exacerbated in the first quarter by the typical transportation issues posed by Canadian winters. These near-term constraints to North American supply were offset by continued strong demand for our products.

“While we continue to monitor rising mortgage rates and the potential risk to demand for new home construction and our wood building products, fundamentals for housing and repair and remodeling activity appear favorable,” Ferris continued. “I expect our team will continue to be agile and creative as we navigate our supply challenges and the evolving requirements of our customers.”

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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.