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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News
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- Prolonged softwood lumber dispute points to what Trump's tariffs may mean for Canada [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- What Canadian markets – and investors – made of Trump re-election [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- US Lumber Industry Set to End Canada's Dominance as Tariffs Take Toll [Yahoo! Finance Canada]Yahoo! Finance Canada
WFG
Sec Filings
- 12/11/24 - Form 6-K
- 10/23/24 - Form 6-K
- 10/4/24 - Form 6-K
- WFG's page on the SEC website