Acadian Timber (TSE:ADN) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$26.0m (down 2.4% from 3Q 2023).

• Net income: CA$2.22m (down 65% from 3Q 2023).

• Profit margin: 8.5% (down from 24% in 3Q 2023).

• EPS: CA$0.13 (down from CA$0.38 in 3Q 2023).

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

Acadian Timber Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 7.1%.

Looking ahead, revenue is expected to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Forestry industry in Canada are expected to grow by 5.4%.

Performance of the Canadian Forestry industry.

The company's shares are down 2.8% from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with Acadian Timber (including 1 which can't be ignored).

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