Tree Frog Forestry News

West Fraser Timber results miss analyst expectations in tough fourth quarter

BNN Bloomberg
February 12, 2019
Category: Business & Politics
Region: Canada, United States

VANCOUVER – West Fraser says it had a challenging fourth quarter as it grappled with falling prices, difficult weather conditions, production curtailments and unplanned downtime. The Vancouver-based company says the combined effects led to earnings of $29 million or 42 cents per share for the quarter ending Dec. 31, compared with earnings of $238 million of $3.25 per share for the same quarter a year earlier. Adjusted earnings came in at $43 million or 63 cents per share, well below analyst expectations of $101.2 million or $1.40 per share according to Thomson Reuters Eikon. …West Fraser reported full-year adjusted earnings of $945 million or $12.70 per share, up from $659 million or $8.44 per share for 2017.

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