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Greenfirst Forest Products Inc. (TSE:GFP)
:GFP
RESEARCH TOOLSreports
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-1.65Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 14, 2025
|% Change Since: -21.26%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted a strong improvement in cash generation, debt position, and operational efficiency, with a notable increase in lumber prices. However, these positives were countered by a significant net loss, potential challenges from US tariffs, and a decrease in sales volume. The company has paused some strategic plans to better understand the tariff impacts, reflecting cautious optimism amid uncertainties.Company Guidance
In the GreenFirst Fourth Quarter and Year-End 2024 Earnings Conference Call, the company reported a net loss of $26.6 million from continuing operations in Q4 2024, with an adjusted EBITDA of negative $900,000 on total revenues of $70 million. Despite these losses, GreenFirst significantly improved its financial position by generating approximately $55 million in cash, including $25 million from a rights offering and selling assets worth $29 million. The company reduced its SG&A to $29 per thousand board feet and improved its production to $103 million FDM. Lumber prices increased from $606 to $680 per thousand board feet during Q4, and the company achieved a positive year-over-year EBITDA improvement of $38 million. GreenFirst plans to pause selected projects to assess potential impacts of US tariffs but remains committed to its strategic growth plans.Significant Cash Generation
Generated approximately $55 million in cash during Q4 2024 through a rights offering and asset sales.
Improved Debt Position
Significantly improved debt position with no drawdown on the ABL and $27 million in cash on the balance sheet by the end of Q4 2024.
EBITDA Improvement
Adjusted EBITDA improved from a loss of $4.9 million in Q3 2024 to a loss of $900,000 in Q4 2024.
Cost Reduction Achievements
Reduced cost of goods sold by $15 per thousand FDM and SG&A by $12 per thousand, with further savings expected in 2025.
Increase in Lumber Prices
Lumber futures rose to $680 per thousand, with significant price increases in Q4 compared to Q3.
Operational Efficiency
Achieved the lowest manufacturing cost in the company's history in Q2 2024 and surpassed 30 production records in 2024.
Positive Year-over-Year EBITDA Improvement
Reported a positive year-over-year EBITDA improvement of $38 million and net income improvement of $18 million versus 2023.
Improved Cash Flow Management
Improved liquidity with a year-over-year cash flow improvement of over $50 million.
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TSE:GFP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:GFP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 14, 2025 | C$4.45 | C$4.42 | -0.56% |
| Nov 12, 2024 | C$5.66 | C$5.58 | -1.41% |
| Aug 12, 2024 | C$3.46 | C$3.51 | +1.42% |
| May 14, 2024 | C$6.82 | C$6.23 | -8.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Greenfirst Forest Products Inc. (TSE:GFP) report earnings?
Greenfirst Forest Products Inc. (TSE:GFP) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Greenfirst Forest Products Inc. (TSE:GFP) earnings time?
Greenfirst Forest Products Inc. (TSE:GFP) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:GFP EPS forecast?
Currently, no data Available
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