Acadian Timber (TSE:ADN) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$41.2m (up 99% from 2Q 2023).

• Net income: CA$7.91m (up 36% from 2Q 2023).

• Profit margin: 19% (down from 28% in 2Q 2023).

• EPS: CA$0.46 (up from CA$0.34 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Acadian Timber Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) missed analyst estimates by 43%.

Looking ahead, revenue is expected to decline by 2.7% p.a. on average during the next 2 years, while revenues in the Forestry industry in Canada are expected to grow by 5.7%.

Performance of the Canadian Forestry industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with Acadian Timber (including 1 which is concerning).

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