Canfor Corporation (T:CFP*CA)

Business Focus: Forest & Wood Products (NEC)

Sector:  Basic Materials Industry:  Forest & Wood Products
 
Company Contact
Address: #100-1700 West 75th Avenue
VANCOUVER BC V6P 6G2
Tel: 1-604-6615441
Website: https://www.canfor.com
IR: See website
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Key People
Donald B. Kayne
President, Chief Executive Officer, Director
Katrina Wilson
Vice President, Controller
Patrick A. J. Elliott
Chief Financial Officer, Senior Vice President - Sustainability
Mans Johansson
Chief Executive Officer - Vida Group
Stephen J. Mackie
Executive Vice President - North American Operations
Kevin Pankratz
Senior Vice President - Sales and Marketing
Katy Player
Senior Vice President - People
David M. Calabrigo
Senior Vice President - Corporate Development, Legal Affairs and Corporate Secretary
David Trent
Senior Vice President - Global Supply Chain and Digital
Susan L. Yurkovich
Senior Vice President - Global Business Development
   
Business Overview
Canfor Corporation is an integrated forest products company. The Company operates through two segments: lumber segment and pulp and paper segment. The Company's solid wood products include dimension lumber, specialty lumber and engineered wood products. The dimension lumber products include Spruce Pine Fir (SPF), Southern Yellow Pine (SYP), Douglas Fir Larch (DFL) and Canfor Red. The specialty lumber products include Balfour Boards, WynnWood Boards, Decking/Fascia, Lamstock, Long Lengths, Shop/Clears and Access Mat Lumber. Its Pulp products include Bleached Softwood Kraft Pulp and Unbleached Softwood Kraft Pulp. Its paper products include Bleached Kraft, Coloured Kraft and Unbleached Kraft. It also has bioenergy products. It also produces green energy in its lumber and pulp facilities across North America. The Western Canadian operations produce superior SPF lumber from sustainably managed forestlands. It is used for construction projects in North America and around the globe.
Financial Overview
For the three months ended 31 March 2024, Canfor Corp revenues decreased less than 1% to C$1.38B. Net loss decreased 55% to C$64.5M. Revenues reflect Lumber segment increase of 2% to C$1.16B, Europe segment increase of 11% to C$320.1M, Asia segment increase of 1% to C$209.9M, also reflect Pulp and Paper segment decrease of 9% to C$222.3M, Canada segment decrease of 18% to C$140.5M, Other segment decrease of 9% to C$32.4M.
Employees: 7,580 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $1,529M as of Mar 31, 2024
Annual revenue (TTM): $5,424M as of Mar 31, 2024
EBITDA (TTM): $20.10M as of Mar 31, 2024
Net annual income (TTM): -$248.60M as of Mar 31, 2024
Free cash flow (TTM): -$310.80M as of Mar 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 118,706,579 as of May 2, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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