Adjusted EBITDA was a loss of $22.3 million on sales of $813.2 million in Q1 2024 versus a loss of $51.4 million on sales of $785.9 million in Q4 2023 and Adjusted EBITDA of $26.1 million on sales of $829.9 million in Q1 2023.
Interfor
The temporary curtailments will impact all of Interfor’s operating regions, including the US South, through a combination of reduced operating hours, prolonged holiday breaks, reconfigured shifting schedules and extended maintenance shut-downs.
The appointment of Christina Sistrunk increases the percentage of women directors on Interfor’s Board, to 30%.
The decision reflects the impact of high log costs and challenging market conditions on the lumber industry.
Adjusted EBITDA was a loss of $51.4 million on sales of $785.9 million in Q4 2023 versus Adjusted EBITDA of $31.9 million on sales of $828.1 million in Q3 2023 and an Adjusted EBITDA loss of $68.7 million on sales of $810.3 million in Q4 2022.