West Fraser Timber Co (TSE:WFG) has released an update.
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West Fraser Timber Co. reported a decrease in sales and operating earnings for the third quarter and the first nine months of 2024 compared to the same periods in 2023, reflecting a challenging market environment. The company’s sales dropped from $1,705 million to $1,437 million for the quarter, while operating earnings turned negative. Despite these setbacks, West Fraser maintains a strong balance sheet with cash and cash equivalents increasing to $997 million.
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