West Fraser Timber Co’s Financial Rebound

West Fraser Timber Co (TSE:WFG) has released an update.

West Fraser Timber Co. Ltd. reports a notable increase in cash and cash equivalents from $900 million to $1,004 million in the first half of 2024, alongside a marginal decline in total assets from $9,415 million to $9,347 million compared to the end of 2023. The company’s operating earnings have rebounded, showing a positive upswing to $132 million in Q2 2024 after a loss of $196 million in Q2 2023, while the six-month figures also reflect improvement from a loss to a gain. These results indicate a recovering financial performance for West Fraser Timber Co. in the year 2024.

For further insights into TSE:WFG stock, check out TipRanks’ Stock Analysis page.