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IFP Interfor News Story

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Interfor Q2 sales miss estimates

Overview

Interfor Q2 sales miss analyst expectations, totaling C$780.5 mln, per LSEG data

Net earnings of C$11.1 mln in Q2, reversing losses from previous quarters

Co completed sale of Coastal B.C. forest tenures, enhancing cash flow

Outlook

Interfor expects near-term lumber market volatility due to changing monetary policies

Company anticipates higher duty rates to amplify volatility in Canadian lumber exports

Interfor positioned to manage volatility with diversified product mix and regional operations

Canadian lumber expected to remain key supply source for U.S. needs in mid-term

Result Drivers

LUMBER SHIPMENTS - Lumber shipments exceeded production by 5%, reducing inventory by 37 mln board feet

FINANCIAL POSITION - Positive operating cash flow and reduced working capital improved financial position

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 SalesMissC$780.50 mlnC$805.60 mln (3 Analysts)
Q2 Net IncomeC$11.10 mln
Q2 Adjusted EBITDAC$17.20 mln
Q2 Adjusted EBITDA Margin2.2%
Q2 Basic EPSC$0.22
Q2 Net DebtC$798 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell" The average consensus recommendation for the forest & wood products peer group is "buy" Wall Street's median 12-month price target for Interfor Corp is C$19.00, about 34.6% above its August 6 closing price of C$12.43 The stock recently traded at 103 times the next 12-month earnings vs. a P/E of 227 three months ago Press Release: ID:nGNX1cKTf8 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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