Canfor Corporation provided capex guidance for 2013. The company currently anticipates that its 2013 capital spending for lumber and pulp businesses will be around $150 million and $50 million respectively.

Canfor Corp. announced unaudited consolidated financial results for the first quarter ended March 31, 2013. For the quarter, the company reported sales of CAD 786.3 million against CAD 593.8 million a year ago. Operating income was CAD 100.0 million against operating loss of CAD 18.4 million a year ago. Net income before income taxes was CAD 92.4 million against net loss before income taxes of CAD 19.1 million a year ago. Net income attributable to equity shareholders of the company was CAD 61.9 million or CAD 0.43 per basic and diluted share against net loss attributable to equity shareholders of the company of CAD 18.0 million or CAD 0.13 per basic and diluted share a year ago. Cash generated from operating activities was CAD 56.0 million against cash used in operating activities of CAD 51.8 million a year ago. Additions to property, plant and equipment was CAD 46.4 million against CAD 53.6 million a year ago. Adjusted shareholder net income for the first quarter of 2013 was CAD 70.3 million, up CAD 50.0 million, or CAD 0.35 per share, from an adjusted shareholder net income of CAD 20.3 million, or CAD 0.14 per share, for the fourth quarter of 2012, and an adjusted shareholder net loss of CAD 24.1 million, or CAD 0.18 per share, for the first quarter of 2012. Improved results reflected a strengthening U.S. housing market and improved operating performances at the Company's lumber and pulp mills.

Canfor Corp., Q1 2013 Earnings Call, May 02, 2013