VANCOUVER, British Columbia, Nov.  03, 2022  (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported net income of $6.6 million and adjusted EBITDA of $17.3 million in the third quarter of 2022. Results reflect compressed margins on lower lumber production and shipments and $23.1 million of inventory provisions, partly offset by an $18.0 million export tax recovery.
Western Announces Third Quarter 2022 Results
Western Announces Third Quarter 2022 Results --  Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported net income of $6.6 million and adjusted EBITDA of $17.3 million in the third quarter of 2022. Results reflect compressed margins on lower lumber production and shipments and $23.1 million of inventory provisions, partly offset by an $18.0 million export tax recovery.