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GreenFirst Forest Products Inc. (V:GFP)

Business Focus: Forest & Wood Products (NEC)

Sector:  Basic Materials Industry:  Forest & Wood Products
 
Company Contact
Address: 401 The West Mall, Suite 1000
TORONTO ON M9C 5J5
Tel: N/A
Website: https://greenfirst.ca
IR: See website
Key People
Paul C. Rivett
Executive Chairman of the Board
Michel Lessard
President
Joel Fournier
Chief Executive Officer
Alfred Colas
Chief Financial Officer
Rick Doman
Executive Director
 
Business Overview
GreenFirst Forest Products Inc. is a Canada-based company, which is operating in the forest products business. The Company is focused on sustainable forest management and lumber production. The Company operates through two segments: Forest Products and Paper Products. Through its Forest Products segment, the Company manufactures and markets a range of spruce-pine-fir (SPF) lumber products for use in residential and commercial construction with by-products from production sold to pulp-producers. The Paper Products segment manufactures and markets paper grade products used to print newspapers, advertising materials, food service bags and other publications. It operates approximately four sawmills and one paper mill located in Ontario. The Company's subsidiaries include 1347 Investors LLC, 2776034 Ontario Inc. and GreenFirst Forest Products (QC) Inc.
Financial Overview
For the nine months ended 25 September 2023, GreenFirst Forest Products Inc revenues decreased 22% to C$306.4M. Net loss before extraordinary items totaled C$27.2M vs. income of C$21.7M. Revenues reflect Forest Products segment decrease of 46% to C$198.1M, Canada segment decrease of 65% to C$85.4M. Net loss reflects Forest Products segment loss totaling C$9.2M vs. income of C$158.1M.
Employees: 1,500 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $175.21M as of Sep 25, 2023
Annual revenue (TTM): $406.64M as of Sep 25, 2023
EBITDA (TTM): -$41.59M as of Sep 25, 2023
Net annual income (TTM): -$53.09M as of Sep 25, 2023
Free cash flow (TTM): -$100.41M as of Sep 25, 2023
Net Debt Last Fiscal Year: $15.55M as of Sep 25, 2023
Shares outstanding: 177,572,272 as of Sep 25, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization