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Western Forest Prod (TSE:WEF)
TSX:WEF
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.01Last Year’s EPS
-0.02Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 14.29%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The call reflects a strong positive sentiment with significantly improved financial performance, successful strategic investments, and operational efficiency gains. However, challenges remain due to increased US tariffs and market uncertainties in Japan and China.Company Guidance
During the fourth quarter 2024 conference call, Western Forest Products provided guidance reflecting strong performance improvements compared to 2023. Key metrics included an adjusted EBITDA of $14.4 million versus a loss of $1.2 million the previous year, highlighting higher lumber shipments and prices. Capital investments like the $13 million continuous dry kiln at Saltair sawmill operated at 99.2% capacity, with expected payback in under two years. Additionally, the company commissioned automated grading equipment at Duke Point, forecasting a payback period of less than two years on a $4.6 million investment. Inventory turnover increased by 5%, while controllable corporate overhead was reduced by $2.4 million. Looking ahead, Western anticipates improved North American cedar demand and pricing, with expectations of a 25% tariff on Canadian imports into the US, emphasizing strategic priorities and maintaining a strong balance sheet.Significantly Improved Financial Results
The company delivered significantly improved results in the fourth quarter and full year of 2024 compared to the same period in 2023. Fourth quarter adjusted EBITDA was $14.4 million compared to negative $1.2 million in the same period last year.
Operational Efficiency Enhancements
Operational uptime improved to 85% in 2024 from 83% in 2023, contributing to an incremental gross margin in excess of $6 million.
Strategic Investments and Innovations
Completed and commissioned the first continuous dry kiln on the BC coast at Saltair sawmill with 99.2% capacity utilization, and new automated grading equipment at Duke Point, both expecting EBITDA payback in less than two years.
Successful Strategic Partnerships and Asset Sales
Completed the sale of a 34% interest in a new limited partnership with four Vancouver Island First Nations for $35.9 million, and the sale of northern private timberlands for gross proceeds of $69.2 million.
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TSE:WEF 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:WEF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | C$0.42 | C$0.47 | +11.90% |
| Nov 06, 2024 | C$0.49 | C$0.46 | -6.12% |
| Jul 31, 2024 | C$0.42 | C$0.42 | 0.00% |
| May 07, 2024 | C$0.53 | C$0.54 | +1.89% |
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 Western Forest Prod (TSE:WEF) report earnings?
Western Forest Prod (TSE:WEF) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Western Forest Prod (TSE:WEF) earnings time?
Western Forest Prod (TSE:WEF) earnings time is at Apr 30, 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:WEF EPS forecast?
TSE:WEF EPS forecast for the fiscal quarter 2025 (Q1) is -0.01.
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