West Fraser sets the tone for WEF's Q1 results next week.Results Summary First quarter sales were $3.110 billion, compared to $2.038 billion in the fourth quarter of 2021. First quarter earnings were $1,090 million, or $10.25 per diluted share, compared to $334 million, or $3.13 per diluted share in the fourth quarter of 2021. First quarter Adjusted EBITDA1 was $1,592 million compared to $615 million in the fourth quarter of 2021.
"Despite a number of ongoing challenges, we posted strong results in the first quarter of 2022," said Ray Ferris, West Fraser's President & CEO. "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."