Acadian Timber Corp. (T:ADN)
Business Focus: Forest & Wood Products (NEC)
| Sector: Basic Materials | Industry: Forest & Wood Products |
| Company Contact | |
| Address: | 365 Canada Road EDMUNDSTON NB E3V 1W2 |
| Tel: | 1-506-7372345 |
| Website: | https://www.acadiantimber.com |
| IR: | See website |
| Key People | ||
| Adam Sheparski President, Chief Executive Officer, Director | Susan Wood Chief Financial Officer | Kevin Topolniski Chief Forester |
| Business Overview |
| Acadian Timber Corp. is a Canada-based timberland provider in the Eastern Canada and the Northeastern United States. The Company owns and manages approximately 777,000 acres of freehold timberlands in New Brunswick (New Brunswick Timberlands or NB Timberlands), approximately 300,000 acres of freehold timberlands in Maine (Maine Timberlands) and provides timber services, which include approximately 1.3 million acres of Crown licensed timberlands in New Brunswick. The Company operates through three segments: NB Timberlands, Maine Timberlands and Corporate. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. It sells its products to approximately 90 regional customers. The Company also develops carbon credits for sale in voluntary carbon credit markets. The Company has approximately 2.4 million acres of land under management. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Acadian Timber Corp revenues increased 3% to C$93.5M. Net income decreased 17% to C$29.4M. Revenues reflect NB Timberlands segment increase of 10% to C$77.1M. Net income was offset by Maine Timberlands segment income decrease of 57% to C$1.7M, Corporate & Other segment loss increase of 3% to C$1.7M. Dividend per share remained flat at C$1.16. |
| Employees: | 52 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $408.86M as of Dec 31, 2023 |
| Annual revenue (TTM): | $93.48M as of Dec 31, 2023 |
| EBITDA (TTM): | $19.93M as of Dec 31, 2023 |
| Net annual income (TTM): | $29.44M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$5.07M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $103.68M as of Dec 31, 2023 |
| Shares outstanding: | 17,254,798 as of Feb 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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