Western Forest Products Full Year 2023 Earnings: EPS Misses Expectations

Western Forest Products (TSE:WEF) Full Year 2023 Results

Key Financial Results

• Revenue: CA$1.02b (down 30% from FY 2022).
• Net loss: CA$68.5m (down by 211% from CA$61.7m profit in FY 2022).
• CA$0.22 loss per share (down from CA$0.19 profit in FY 2022).

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

Western Forest Products EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.8%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 5.1% growth forecast for the Forestry industry in Canada.

Performance of the Canadian Forestry industry.

The company's shares are down 1.5% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Western Forest Products' balance sheet health.

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