Earnings call: Interfor reports Q1 loss amid lumber market challenges By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 11 2024
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Source: Investing.com
- Interfor Corporation's Financial Performance: Interfor reported a first-quarter adjusted EBITDA loss of $22 million due to weak lumber pricing, resulting in a net loss of $73 million on revenues of $813 million.
- Operational Changes: In response to market challenges, Interfor indefinitely curtailed its Philomath operation in Oregon and removed 175 million feet of production.
- Market Outlook: Despite current difficulties, Interfor expects a more positive outlook for the latter half of 2024 and into 2025, focusing on managing production and financial leverage.
- Analyst Conference Call Highlights: During the call, executives discussed the company's quarterly results, market conditions, financials, and strategic initiatives.
- Demand and Supply Dynamics: The company anticipates a better balance between supply and demand in the upcoming months, with a focus on managing production to meet customer demands.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
