Edition:
United Kingdom

West Fraser Reports Quarterly Adjusted Basic Eps $0.25


Thursday, 18 Jul 2019 

July 18 (Reuters) - West Fraser Timber Co Ltd ::WEST FRASER ANNOUNCES SECOND QUARTER RESULTS.QUARTERLY ADJUSTED BASIC EPS $0.25.EXPECT OUR 2019 LUMBER PRODUCTION TO BE AT LEAST 600 MILLION BOARD FEET LOWER THAN 2018.QUARTERLY BASIC EPS $0.85.QTRLY SALES $1.32 BILLION VERSUS $1.83 BILLION.EXPECT INDUSTRY PRODUCTION REDUCTIONS WILL HAVE A MORE SIGNIFICANT IMPACT ON LUMBER SUPPLY IN SECOND HALF OF 2019.LUMBER INVENTORIES REDUCED BY APPROXIMATELY 150 MILLION BOARD FEET DURING QUARTER.Q2 EARNINGS PER SHARE VIEW C$0.09, REVENUE VIEW C$1.37 BILLION -- REFINITIV IBES DATA.