WEST FRASER ANNOUNCES FIRST QUARTER 2024 RESULTS
West Fraser Timber Co. Ltd Common stock (WFG)
Company Research
Source: PR Newswire
VANCOUVER, BC, April 23, 2024 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) reported today the first quarter results of 2024 ("Q1-24"). All dollar amounts in this news release are expressed in U.S. dollars unless noted otherwise. First Quarter Highlights? Sales of $1.627 billion and earnings of $35 million, or $0.42 per diluted shareAdjusted EBITDA1 of $200 million, representing 12% of salesLumber segment Adjusted EBITDA1 of $10 millionNorth America Engineered Wood Products ("NA EWP") segment Adjusted EBITDA1 of $188 millionPulp & Paper segment Adjusted EBITDA1 of $3 millionEurope Engineered Wood Products ("Europe EWP") segment Adjusted EBITDA1 of $(1) millionRepurchased 105,666 shares for aggregate consideration of $8 millionCompleted sale of Hinton pulp mill to Mondi Group plcSubsequent to quarter-end, completed sale of Quesnel River Pulp mill and Slave Lake Pulp mill to Atlas HoldingsSubsequent to quarter-end, announced dissolution
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- The Week Ahead: BoC Summary of Deliberations; U.S. GDP data due [BNN Bloomberg (Canada)]BNN Bloomberg
WFG
Sec Filings
- 4/24/24 - Form 6-K
- 4/23/24 - Form 6-K
- 4/22/24 - Form 6-K
- WFG's page on the SEC website