Brief: West Fraser Announces First Quarter 2023 Results

West Fraser Timber Co

25/04/2023 22:08

West Fraser Timber Co Ltd  WFG.TO :
    * WEST FRASER ANNOUNCES FIRST QUARTER 2023 RESULTS
    * QTRLY LOSS PER SHARE $0.52
    * Q1 EARNINGS PER SHARE VIEW $-0.35 -- REFINITIV IBES DATA
    * CASH AND SHORT-TERM INVESTMENTS DECREASED TO $847 MILLION
AT
MARCH 31, 2023 FROM $1.162 BILLION AT DECEMBER 31, 2022
    * REITERATE GUIDANCE OF INVESTING ABOUT $500 MILLION TO $600
MILLION IN EXPECTED CAPITAL EXPENDITURES IN 2023
    * EXPECT TOTAL LUMBER SHIPMENTS IN 2023 TO BE SIMILAR TO
2022
LEVELS
    * PULP & PAPER SEGMENT SHIPMENTS ARE NOT EXPECTED TO
INCREASE FROM
2022 LEVELS THIS YEAR

Source text for Eikon:  ID:nCNWvPkNja 
Further company coverage:  WFG.TO