Interfor Reports Strong Q1 Turnaround with Improved EBITDA and Cost Reduction Progress
Interfor (TSE:IFP) reported a significant improvement in its first-quarter earnings, posting CAD 31 million in EBITDA compared to a negative result in the prior quarter. The turnaround was driven by higher lumber prices across all regions and reduced conversion costs. Management highlighted early success from cost-cutting initiatives aimed at achieving CAD 80 million in savings over two years.