West Fraser Announces Third Quarter 2024 Results
West Fraser Timber Co. Ltd Common stock (WFG)
Company Research
Source: PR Newswire
VANCOUVER, BC, Oct. 23, 2024 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) reported today the third quarter results of 2024 ("Q3-24"). All dollar amounts in this news release are expressed in U.S. dollars unless noted otherwise. Third Quarter Highlights? Sales of $1.437 billion and earnings of $(83) million, or $(1.03) per diluted share Adjusted EBITDA1 of $62 million, representing 4% of sales Lumber segment Adjusted EBITDA1 of $(62) million, including $32 million of export duty expense attributable to the finalization of AR5 North America Engineered Wood Products ("NA EWP") segment Adjusted EBITDA1 of $121 millionPulp & Paper segment Adjusted EBITDA1 of $2 million Europe Engineered Wood Products ("Europe EWP") segment Adjusted EBITDA1 of $1 millionRepurchased 446,460 shares for aggregate consideration of $35 millionAnnounced indefinite curtailment of operations at lumber mill in Lake Butler, FloridaSubsequent to quarter-end, repaid
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WFG
News
- West Fraser Timber Co. Ltd. (NYSE: WFG) had its price target lowered by analysts at TD Securities from $120.00 to $110.00. They now have a "buy" rating on the stock.MarketBeat
- West Fraser Timber Co. Ltd. 2024 Q4 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
- West Fraser Timber Co. Ltd. (NYSE: WFG) had its price target lowered by analysts at Raymond James from $115.00 to $105.00. They now have an "outperform" rating on the stock.MarketBeat
- WEST FRASER ANNOUNCES COMPLETION OF FORM 40-F FILING [Yahoo! Finance]Yahoo! Finance
- West Fraser Announces Fourth Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
WFG
Sec Filings
- 2/12/25 - Form 40-F
- 2/12/25 - Form 6-K
- 2/12/25 - Form 6-K
- WFG's page on the SEC website