West Fraser sales, earnings rise in Q1

West Fraser Timber Co. Ltd. said this week its Q1 earnings rose to US$665 million on sales of $2.3 billion, from earnings of $9 million on sales of $890 million a year prior. The results also represented gains from the previous quarter, when the company reported a $282 million profit and revenues of $1.29 billion. Q1 also saw the completion of West Fraser’s acquisition of Norbord Inc., for $4 billion in stock.