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Stock impact report

WEST FRASER ANNOUNCES FOURTH QUARTER 2023 RESULTS

West Fraser Timber Co. Ltd Common stock (WFG) 
Company Research Source: PR Newswire
VANCOUVER, BC, Feb. 14, 2024 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) reported today the fourth quarter results of 2023 ("Q4-23"). All dollar amounts in this news release are expressed in U.S. dollars unless noted otherwise. Fourth Quarter Highlights? Sales of $1.514 billion and loss of $153 million, or $(1.87) per diluted share Adjusted EBITDA1 of $97 million, representing 6% of sales Lumber segment Adjusted EBITDA1 of $(51) million  North America Engineered Wood Products ("NA EWP") segment Adjusted EBITDA1 of $143 millionPulp & Paper segment Adjusted EBITDA1 of $2 million Europe Engineered Wood Products ("Europe EWP") segment Adjusted EBITDA1 of $3 millionRepurchased 1.495 million shares for aggregate consideration of $104 millionCompleted acquisition of Spray Lake Sawmills located in Cochrane, Alberta and associated timber tenuresAnnual Highlights? Sales of $6.454 billion and loss of $167 million, or $(2.01) per diluted share A Show less Read more
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