West Fraser Announces Third Quarter 2024 Results [Globe and Mail, The (Toronto, Canada)]
West Fraser Timber Co. Ltd Common stock (WFG)
Company Research
Source: Globe and Mail, The
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 per diluted share Adjusted EBITDA of $62 million , representing 4% of sales Lumber segment Adjusted EBITDA 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 EBITDA of $121 million Pulp & Paper segment Adjusted EBITDA of million Europe Engineered Wood Products ("Europe EWP") segment Adjusted EBITDA of $1 million Repurchased 446,460 shares for aggregate consideration of $35 million Announced indefinite curtailment of operations at lumber mill in Lake Butler, Florida Subsequent to quarter-end, repaid principal and accrued interest on $300 million senior notes on maturity with cash on hand "The benefits of our product diversification strategy were
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News
- 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
- US Lumber Industry Set to End Canada's Dominance as Tariffs Take Toll [Yahoo! Finance]Yahoo! Finance
- West Fraser Timber Co. Ltd. (NYSE: WFG) had its price target raised by analysts at Scotiabank from $100.00 to $120.00. They now have a "sector outperform" rating on the stock.MarketBeat
WFG
Sec Filings
- 10/23/24 - Form 6-K
- 10/4/24 - Form 6-K
- 9/19/24 - Form 6-K
- WFG's page on the SEC website