West Fraser Timber Co. Ltd. (TSE:WFG) has released an update.
West Fraser Timber Co. Ltd. reported robust Q1-2024 results with sales of $1.627 billion and earnings of $35 million, boosted by strong demand for North American engineered wood products in new home construction. Despite uncertainties in some wood product markets, the company remains optimistic due to its strong balance sheet and strategic asset optimizations, including the completed sale of three pulp and paper mills and the dissolution of a joint venture, positioning it for resilience and stakeholder benefits.
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