West Fraser Timber Reports Q3 Earnings Miss on Revenue and EPS
West Fraser Timber (WFG) reported third-quarter financial results that fell short of market expectations. The company posted a GAAP earnings per share (EPS) of -$1.03, missing estimates by $0.25. Despite a year-over-year revenue increase of 3.8% to $1.36 billion, the top line missed consensus projections by approximately $60 million. The company's adjusted EBITDA for the quarter stood at $38 million, which represents only 3% of total sales. The lumber segment contributed $34 million toward this figure, including a specific adjustment of $12 million. These results highlight ongoing margin pressures within the timber and lumber sectors.
Tickers: $WFG
Topics: earnings miss EBITDA revenue miss