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Canfor Corporation (TSE:CFP)
TSX:CFP
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.61Last Year’s EPS
-1.06Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: -12.96%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Negative
The earnings call highlighted operational expansions and improvements in the pulp sector but was overshadowed by significant losses in the lumber business, plant closures in British Columbia, and increasing fiber costs and tariffs.Company Guidance
During the Q3 2024 earnings call for Canfor Corporation and Canfor Pulp, the company provided detailed guidance amidst a challenging market landscape. The lumber business reported an operating loss of $336 million, which included a $100 million asset write-down, $121 million in noncash duty-related adjustments, and other one-time items. Adjusted for these, the operating loss was $129 million, a slight increase from the previous quarter's $115 million. Capital expenditures for the quarter were approximately $117 million, with $18 million allocated to Canfor Pulp, and the company anticipates a total capital spend of $450 million for 2024 in the lumber segment. The pulp business, on an adjusted basis, generated an operating income of $2 million, improving by $7 million from the previous quarter. The company also highlighted the expected ramp-up of new facilities, such as the sawmill in Axis, Alabama, with a capacity of 250 million board feet and the Urbana upgrade project, increasing capacity to 285 million board feet. Despite a cautious outlook for Q4, Canfor is optimistic about gradual improvement in market conditions through 2025, supported by significant capital investments nearing completion.New Facility in Axis, Alabama
The new sawmill began production with an expected annual capacity of 250 million board feet on a 2-shift basis.
Acquisition and Upgrade Projects
Acquisition of the former Resolute El Dorado mill, now Iron Mountain, was completed on August 1. The Urbana upgrade project is in its final phase, expected to increase capacity to 285 million board feet.
Pulp Business Improvement
On an adjusted basis, Canfor Pulp generated an operating income of $2 million, an improvement of $7 million from the previous quarter.
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TSE:CFP 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:CFP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 25, 2024 | C$17.90 | C$17.27 | -3.52% |
| Jul 25, 2024 | C$15.16 | C$15.52 | +2.37% |
| May 01, 2024 | C$14.51 | C$15.12 | +4.20% |
| Mar 05, 2024 | C$16.65 | C$17.02 | +2.22% |
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 Canfor Corporation (TSE:CFP) report earnings?
Canfor Corporation (TSE:CFP) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Canfor Corporation (TSE:CFP) earnings time?
Canfor Corporation (TSE:CFP) earnings time is at Feb 20, 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:CFP EPS forecast?
TSE:CFP EPS forecast for the fiscal quarter 2024 (Q4) is -0.61.
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