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Interfor Corporation (TSE:IFP)
TSX:IFP
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-C$0.72Last Year’s EPS
-C$2.18Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -15.67%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted ongoing challenges with declining revenues and significant impairments, but also pointed to strategic restructuring efforts and expected improvements in market conditions due to capacity reductions. Despite current losses, the company is positioning itself for potential future gains.Company Guidance
During the Q3 2024 earnings call for Interfor Corporation (IFP.TO), executives provided detailed guidance despite a challenging lumber market. Adjusted EBITDA was reported at a negative $22 million, with total revenue declining by 10% quarter-over-quarter to $693 million. Production cost per unit of lumber sold remained flat despite a 10% decrease in shipment volume. The company realized a net loss of $106 million, which included $91 million in noncash impairments. However, positive cash flow from operations amounted to $38 million, supported by $55 million in tax refunds and a $7 million release of working capital. Looking ahead to Q4 and beyond, executives outlined expectations of improved cash flow driven by higher lumber prices and anticipated $30 million from the sale of Quebec operations. Capital expenditures are projected at approximately $70 million for 2024 and $75 million for 2025. The company is cautiously optimistic, expecting the industry-wide supply reductions to rebalance the market, thereby benefiting Interfor’s financial position.Improved Liquidity and Cash Flow
Despite weak earnings, Interfor generated positive cash flow from operations by collecting on tax refunds and reducing working capital. Available liquidity grew to over $350 million.
Industry Capacity Reductions
Approximately 10% of industry capacity has been removed, with significant cuts in the U.S. South and British Columbia. This is expected to lead to improved lumber prices, which have already increased by over 20% since early July.
Strategic Portfolio Restructuring
Interfor is exiting its Quebec region, selling three manufacturing facilities, and closing its Montreal office, which is expected to strengthen the portfolio by reducing production and overhead costs.
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TSE:IFP 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:IFP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | C$19.91 | C$19.16 | -3.77% |
| Aug 08, 2024 | C$17.02 | C$17.54 | +3.06% |
| May 09, 2024 | C$18.55 | C$18.09 | -2.48% |
| Feb 08, 2024 | C$19.50 | C$19.78 | +1.44% |
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 Interfor Corporation (TSE:IFP) report earnings?
Interfor Corporation (TSE:IFP) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Interfor Corporation (TSE:IFP) earnings time?
Interfor Corporation (TSE:IFP) earnings time is at Feb 06, 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:IFP EPS forecast?
TSE:IFP EPS forecast for the fiscal quarter 2024 (Q4) is -C$0.72.
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