West Fraser Timber Co.Ltd (TSX:WFG)
C$ 125.62 -2.46 (-1.92%) Market Cap: 10.08 Bil Enterprise Value: 9.43 Bil PE Ratio: 0 PB Ratio: 1.05 GF Score: 87/100
Back to the Transcripts List

Q2 2024 West Fraser Timber Co Ltd Earnings Call Transcript

Jul 25, 2024 / 03:30 PM GMT
Release Date Price: C$117.23 (+7.06%)

Key Points

Positve
  • West Fraser Timber Co.Ltd (WFG) generated $272 million of adjusted EBITDA in Q2 2024, representing a 16% margin.
  • The North American Engineered Wood Products segment showed strong performance with $308 million of adjusted EBITDA, up from $188 million in Q1.
  • The pulp and paper segment improved significantly, generating $9 million of adjusted EBITDA in Q2 compared to $3 million in Q1 and a negative $74 million in Q2 of the previous year.
  • West Fraser Timber Co.Ltd (WFG) has $2 billion of total liquidity at quarter-end, providing financial flexibility and strength.
  • The company repurchased approximately 900,000 shares and increased its quarterly dividend by 7%, reflecting strong shareholder returns.
Negative
  • The lumber segment posted an adjusted EBITDA loss of $51 million in Q2, down from a positive $10 million in Q1.
  • Continued soft demand for Southern Yellow Pine (SYP) lumber products negatively impacted results.
  • Elevated mortgage rates in the US are constraining existing home sales activity and repair and remodeling spending.
  • West Fraser Timber Co.Ltd (WFG) anticipates a $35 million duty expense adjustment in Q3 due to increased softwood lumber duties.
  • The company reduced its 2024 guidance for Southern Yellow Pine shipments to a range of 2.5 to 2.7 billion board feet, down from the previous guidance of 2.7 to 2.9 billion board feet.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WFG.TO - West Fraser Timber Co Ltd
Q2 2024 West Fraser Timber Co Ltd Earnings Call
Jul 25, 2024 / 03:30PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Operator [1]
--------------------------------------------------------------------------------
Good morning, ladies and gentlemen, and welcome to the West Fraser Q2 2024 Results Conference Call. At this time, all lines are in a listen only mode. Following the presentation we'll conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Thursday, July 25th, 2024. During this conference call, West Fraser's representatives, we'll be making certain statements about West Fraser's future financial and operational performance.

Next outlook and capital plan. These statements may constitute forward-looking information on forward-looking statements, the meeting of Canadian and United States securities laws.
Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.