West Fraser Timber reports Q1 EPS 42c, consensus 30c

Reports Q1 revenue $1.627B, consensus $1.47B. Reports Q1 Adjusted EBITDA1 of $200 million, representing 12% of sales…”Our North American OSB, plywood and other engineered products had another strong quarter in Q1-24, with robust demand driven by strength in new home construction, which carried over from the fourth quarter. This was in contrast to ongoing demand softness in our European EWP business and North American lumber business, particularly for SYP lumber with its greater relative exposure to repair and remodelling applications,” said Sean McLaren, West Fraser’s President and CEO.