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Acadian Timber (TSE:ADN)
TSX:ADN
Holding TSE:ADN?
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.12Last Year’s EPS
0.68Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -5.24%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The call presented a mixed picture with solid sales volume increases and strategic investments in renewable energy offset by declining sales revenue, increased costs, and pricing pressures. Continued challenges in Maine and a significant drop in net income contribute to an overall cautious outlook.Company Guidance
During the Acadian Timber Q3 2024 earnings call, the company provided guidance indicating a challenging year ahead, with expectations for continued pricing pressure due to weak end-use markets. Despite a 15% increase in sales volume, excluding biomass, and a favorable shift in customer mix, sales for the third quarter were slightly down at $26 million compared to $26.6 million in the same quarter of 2023. The company reported a decrease in weighted average selling prices, with a 5% drop year-over-year, notably with softwood sawlog prices falling 13% and hardwood sawlog prices down 5%. Operating costs increased to $22.1 million, and adjusted EBITDA fell to $4 million from $4.9 million the previous year. The adjusted EBITDA margin dropped to 16% from 18%, and free cash flow decreased to $2.5 million from $4.3 million. Net income declined steeply to $2.2 million, or $0.13 per share, from $6.4 million, or $0.37 per share, due to lower noncash fair value adjustments. Looking forward to 2024 and 2025, Acadian anticipates stable demand for its products, driven by the Northeastern forestry sector's stability and long-term housing needs, although it expects short-term challenges in contractor rates and end-use market pricing.Increased Sales Volume
Sales volume, excluding biomass, increased 15% year-over-year due to a favorable change in customer mix, shifting harvesting volumes from Crown licensed timberlands to freehold timberlands.
Real Estate and Renewable Energy Initiatives
Acadian purchased its first meteorological tower to explore opportunities in the renewable energy sector. Additionally, entered into an agreement to sell low-value timberland parcels, expected to yield $1.4 million.
Safe Operations
No recordable safety incidents among employees, demonstrating a strong commitment to safety.
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TSE:ADN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:ADN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | C$18.12 | C$18.11 | -0.06% |
| Jul 31, 2024 | C$17.54 | C$17.50 | -0.23% |
| May 08, 2024 | C$17.20 | C$17.18 | -0.12% |
| Feb 07, 2024 | C$15.26 | C$15.61 | +2.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Acadian Timber (TSE:ADN) report earnings?
Acadian Timber (TSE:ADN) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Acadian Timber (TSE:ADN) earnings time?
Acadian Timber (TSE:ADN) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:ADN EPS forecast?
TSE:ADN EPS forecast for the fiscal quarter 2024 (Q4) is 0.12.
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