Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Interfor Corp T.IFP

Alternate Symbol(s):  IFSPF

Interfor Corporation is a Canada-based forest products company. The Company and its subsidiaries produce wood products in Canada and the United States for sale to markets around the world. It operates through the solid wood products segment. The Company’s product categories include Dimension Lumber, Specialty Lumber and Engineered Wood Products. Its products include Spruce-Pine-Fir, Douglas Fir-Larch, Hem-Fir, Southern Yellow Pine, Western Red Cedar, Douglas Fir-Larch, and P3-Joist. Its sawmills provide a diverse range of sustainable products to supply North American markets with a complete offering of framing materials. Its Western Red Cedar products include Elite Decking, Elite Fascia & Boards, Elite V-Joint Paneling, Elite Fineline Paneling, Elite Channel/Lap Siding, Elite Bevel Siding and Elite Shadow Gap Siding. It has an annual lumber production capacity of approximately 5.0 billion board feet and offers a diverse line of lumber products to customers around the world.


TSX:IFP - Post by User

Post by retiredcfon Apr 25, 2022 10:54am
164 Views
Post# 34628878

More TD Notes

More TD Notes

Trees Weekly

Q1/22 Forest Products Sector Earnings Preview
Expect Exceptional Results for Most Wood-weighted Equities

  • Forest product equities rallied last week, led by plans for surplus captial returns to shareholders. The average share-price improvement of 3.9% for our coverage universe last week compared with declines of 3.1% for the S&P/ TSX Composite and 2.8% for the S&P 500. Gains were led by lumber and panel-weighted equities (average improvement of 6.6% last week) as investors assessed settling lumber prices and West Fraser's plans for a US$1.25 billion substantial issuer bid. Share prices for our coverage universe are still 15% below Q1/22 peaks.

  • We expect strong Q1/22 results for most companies in our coverage universe, led by lumber and panel producers. Despite sharp upward revisions to consensus forecasts over the past week, our Q1/22 EBITDA estimates are above consensus for six of the 10 equities. We expect sequential (q/q) earnings growth for 80% of our coverage universe. We are not making any adjustments to our estimates, target prices, or ratings with this note, given our revisions on April 12.

  • Lumber prices showed signs of life across some grades and regions last week. The benchmark Western SPF 2x4 price improved 3% last week to US $1,040/Mfbm — the first weekly improvement since early-March, but still 26% below the recent high a month ago. The nearest futures contract price (US$936/ Mfbm for July delivery) has improved 13% from the recent trough. The U.S. South regional lumber composite price declined another 4% last week, tempering gains in western Canada. Market reports noted buyers stepping back into the market to replenish inventories.

  • OSB price declines decelerate from the recent pace. The benchmark North Central OSB price declined 7% w/w to US$700/Msf. Prices in western Canada and the U.S. Southwest declined 10% and 2%, respectively. Commentary noted an improving tone to the market, especially late in the week.


<< Previous
Bullboard Posts
Next >>