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Acadian Timber ( (TSE:ADN) ) just unveiled an update.
Acadian Timber Corp. reported strong financial results for the fourth quarter and the full fiscal year 2024, with sales increasing to $116.2 million from $93.5 million the previous year. The company’s performance was bolstered by the sale of 752,100 voluntary carbon credits, contributing $24.6 million to total sales. In response to challenges in contractor availability, Acadian has begun its own internal harvesting operations in Maine, acquiring assets from A & A Brochu, LLC to expand its capacity. This move is expected to enhance operational efficiency and reduce costs.
More about Acadian Timber
Acadian Timber Corp. operates within the timber industry, focusing primarily on timber operations and the sale of voluntary carbon credits. The company has a significant presence in Maine and is involved in both harvesting and selling timber products.
YTD Price Performance: -0.96%
Average Trading Volume: 6,447
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$314.7M
See more data about ADN stock on TipRanks’ Stock Analysis page.
