Interfor (OTC) (TSE:IFP) has released an update.
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Interfor Corporation faced a challenging Q1 in 2024 with a significant net loss of $72.9 million and an adjusted EBITDA loss of $22.3 million, amidst a weak lumber market. The company experienced a slight uptick in lumber prices, but production has decreased, leading to planned production cuts later in the year. Despite these setbacks, Interfor has made strategic capital investments and successfully monetized some of its operations, maintaining a stable financial position with substantial liquidity.
For further insights into TSE:IFP stock, check out TipRanks’ Stock Analysis page.
