Q2 HIGHLIGHTS. Western Posts Quarterly EBITDA of $44.9 Million on Strong Operational Performance Supported by Increased Market Demand16 hours ago by Marketwire Western Forest Products Inc. (TSX: WEF) ("Western" or "the Company") today announced results for the second quarter of 2013. The Company reported EBITDA of $44.9 million for the second quarter of 2013 compared to EBITDA of $31.9 million for the first quarter of 2013 and $18.8 million for the second quarter of 2012.
Q2 2013 HIGHLIGHTS
-- Record low Company and Contract safety incidents -- EBITDA of $44.9 million, an increase of $26.1 million over the second quarter 2012 result -- Capitalized on improved markets by focusing production on higher margin segments -- Liquidity improved to $232 million with no net debt -- Announced a $100 million share repurchase and amended debt financing -- Initiated a regular quarterly dividend of $0.02 per share, payable on September 20, 2013 to shareholders of record on August 30 -- Substantial progress made on our $38 million capital project at Saltair sawmill