Interfor Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Interfor (TSE:IFP) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$771.2m (down 12% from 2Q 2023).

• Net loss: CA$75.8m (loss widened by 438% from 2Q 2023).

• CA$1.47 loss per share (further deteriorated from CA$0.27 loss in 2Q 2023).

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

Interfor Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) missed analyst estimates by 4.6%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Forestry industry in Canada.

Performance of the Canadian Forestry industry.

The company's shares are up 3.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Interfor that you should be aware of.

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