West Fraser Timber Co. Ltd. reported its third-quarter 2024 financial results on October 23, 2024. The company announced sales of $1.437 billion for the quarter. This figure reflects the overall market conditions and demand for wood products during the period.
The company posted a loss of $83 million, or $(1.03) per diluted share, for the third quarter of 2024. This loss was notably higher than the analyst consensus of $(0.50) per diluted share, indicating a significant miss on profitability expectations.
Adjusted EBITDA for the third quarter of 2024 stood at $62 million. This metric provides insight into the company's operational profitability before non-cash and non-recurring items, highlighting the underlying performance in a challenging market.
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