Western Forest Products Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 231.1 million compared to CAD 356 million a year ago. Net loss was CAD 16.7 million compared to net income of CAD 6.8 million a year ago. Basic loss per share from continuing operations was CAD 0.05 compared to basic earnings per share from continuing operations of CAD 0.02 a year ago. Diluted loss per share from continuing operations was CAD 0.05 compared to diluted earnings per share from continuing operations of CAD 0.02 a year ago.
For the nine months, sales was CAD 770.9 million compared to CAD 1,153 million a year ago. Net loss was CAD 54.7 million compared to net income of CAD 82.7 million a year ago. Basic loss per share from continuing operations was CAD 0.17 compared to basic earnings per share from continuing operations of CAD 0.25 a year ago. Diluted loss per share from continuing operations was CAD 0.17 compared to diluted earnings per share from continuing operations of CAD 0.25 a year ago.