Acadian Timber (TSE:ADN) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Acadian Timber Corp. has reported a strong start to 2024 with their first significant sale of carbon credits, a renewable energy lease option, and the purchase of additional timberlands. The company saw a surge in their first-quarter financials, with Adjusted EBITDA reaching $10.6 million, and Free Cash Flow doubling to $7.8 million, supporting a dividend payout of $0.29 per share. Safety remains a top priority with a good record this quarter, and further carbon credit sales are anticipated before Q3 of 2024.
For further insights into TSE:ADN stock, check out TipRanks’ Stock Analysis page.
