Canfor Pulp Products Inc. (T:CFX)
Business Focus: Pulp Mills
| Sector: Basic Materials | Industry: Paper Products |
| Company Contact | |
| Address: | #100-1700 West 75th Avenue VANCOUVER BC V6P 6G2 |
| Tel: | 1-604-6615441 |
| Website: | https://www.canfor.com |
| IR: | See website |
| Key People | ||
| Kevin Edgson President, Chief Executive Officer | Patrick A. J. Elliott Chief Financial Officer, Senior Vice President - Sustainability | Kevin Pankratz Senior Vice President - Sales and Marketing |
| David M. Calabrigo Senior Vice President, Corporate Secretary | Kevin Anderson Vice President - Operations and Innovation | Brian Yuen Vice President - Pulp and Paper Sales and Marketing |
| Business Overview |
| Canfor Pulp Products Inc. is a Canada-based global supplier of pulp and paper products with operations in the central interior of British Columbia (BC). The Company operates through two segments: pulp and paper. The pulp segment includes purchase of residual fiber, and production and sale of pulp products, including Northern Bleached Softwood Kraft (NBSK) pulp and Bleached Chemi-Thermo Mechanical Pulp (BCTMP), as well as energy revenues. The paper segment includes production and sale of paper products, including bleached, unbleached, and colored paper. Its products under the solid wood category include dimension lumber, specialty lumber, and engineered wood products. It produces green energy in its lumber and pulp facilities across North America. The Company owns and operates three mills in Prince George, BC with a total capacity of about 780,000 tons of Premium Reinforcing Northern Bleached Softwood Kraft (NBSK) Pulp and 140,000 tons of kraft paper. |
| Financial Overview |
| For the three months ended 31 March 2024, Canfor Pulp Products Inc revenues decreased 9% to C$222.3M. Net loss decreased 87% to C$2.4M. Revenues reflect Pulp segment decrease of 9% to C$170.5M, Paper segment decrease of 7% to C$51.8M, United States segment decrease of 25% to C$49.4M, Canada segment decrease of 25% to C$14.2M, Europe segment decrease of 18% to C$11.1M. Lower net loss reflects Pulp segment loss decrease of 44% to C$13.6M. |
| Employees: | 1,004 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $191.63M as of Mar 31, 2024 |
| Annual revenue (TTM): | $854.50M as of Mar 31, 2024 |
| EBITDA (TTM): | -$40.10M as of Mar 31, 2024 |
| Net annual income (TTM): | -$79.70M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$13.50M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $87.40M as of Mar 31, 2024 |
| Shares outstanding: | 65,233,559 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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