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Western Forest Prod ( (TSE:WEF) ) has provided an announcement.
Western Forest Products Inc. reported a significant improvement in its financial performance for the fourth quarter and fiscal year 2024 compared to the previous year. The company achieved an adjusted EBITDA of $14.4 million in Q4 2024, in stark contrast to the negative figures from the previous periods. This financial upturn is attributed to better lumber market conditions, a stronger mix of cedar and industrial lumber sales, and favorable exchange rates. The improved results indicate enhanced market positioning and operational efficiency, likely benefiting stakeholders with a more robust financial outlook.
More about Western Forest Prod
Western Forest Products Inc. is a company operating in the forestry industry, specializing in the production and distribution of lumber. The company’s primary products include various types of lumber with a focus on cedar and specialty lumber. Western Forest Products is concentrated on improving lumber markets and optimizing its sales mix.
YTD Price Performance: -3.41%
Average Trading Volume: 455,836
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$134.6M
Learn more about WEF stock on TipRanks’ Stock Analysis page.
