Canfor Corporation (“The Company” or “Canfor”) (TSX: CFP) today reported its fourth quarter of 2024 results:
Overview.
- Q4 2024 operating loss of $46 million; shareholder net loss of $63 million, or $0.53 per share.
- Supply-driven uptick in North American lumber markets and pricing through the fourth quarter led to improved results from the Company’s Western Canadian and US South operations; another quarter of solid earnings from Europe.
- Acquisition of an additional 7% of the outstanding shares in Vida for total consideration of $118.3 million (SEK 916.6 million).
- Successful start-up of the greenfield sawmill in Axis, Alabama and of the major modernization and expansion of the Urbana sawmill in Arkansas.
- Improved results for Canfor Pulp; relatively stable global pulp market fundamentals through most of the fourth quarter, with some positive momentum late in the period; persistent challenges associated with the availability of economic fibre in British Columbia.
Click to download the full release »