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BRIEF-West Fraser Announces 2019 First Quarter Results

Published 2019-04-25, 05:09 p/m
© Reuters.  BRIEF-West Fraser Announces 2019 First Quarter Results
WFG
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April 25 (Reuters) - West Fraser Timber Co Ltd WFT.TO :

* WEST FRASER ANNOUNCES 2019 FIRST QUARTER RESULTS

* Q1 SALES C$1.2 BILLION VERSUS REFINITIV IBES ESTIMATE OF C$1.29 BILLION

* QTRLY ADJUSTED BASIC EPS $0.32

* QTRLY BASIC EPS LOSS $0.07

* SEVERAL OF FUNDAMENTAL FACTORS FOR U.S. HOUSING DEMAND HAVE BEEN SHOWING POSITIVE SIGNS EARLY IN 2019

* IN Q2, NORMAL SPRING LOGGING CURTAILMENTS WILL SIGNIFICANTLY REDUCE LOG INVENTORIES AT OUR CANADIAN LUMBER AND PANEL MILLS

* "HAVE AN UPCOMING MAINTENANCE SHUT DOWN IN MAY AT OUR JOINTLY OWNED NBSK MILL IN QUESNEL"

* WEST FRASER TIMBER-"FIBRE COSTS IN BRITISH COLUMBIA REMAIN CHALLENGING DUE TO A TIGHT MARKET FOR PURCHASE WOOD WHICH WILL IMPACT QUOTA WOOD IN H2 2019"

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