Lumber producer GreenFirst Forest Products' Q4 net sales rise on higher shipment volumes

Overview

• Canada lumber producer's Q4 net sales rose 10% from Q3, driven by higher shipments

• Adjusted EBITDA loss for Q4 narrowed compared to Q3, but remained negative

• Net loss for Q4 narrowed to C$32.8 mln from C$57.4 mln in Q3

Outlook

• Company expects near-term lumber demand to remain below mid-cycle levels due to economic uncertainty

Result Drivers

• HIGHER SHIPMENTS - Co said increased shipment volumes drove net sales growth in Q4 despite lower realized prices

• TARIFF IMPACT - Co said new 10% U.S. tariff on softwood lumber raised duty expenses and contributed to higher net realizable value provision

• DOWNTIME & INSTALLATION - Co implemented two weeks of downtime across most mills and completed installation of new log line at Chapleau mill, temporarily impacting production volumes

Company press release: ID:nBw6Czyrba

Key Details

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