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Canada's Acadian Timber Q3 profit rises on higher pricing, Maine improvements

By Reuters News


Overview

  • Canada timberland owner's Q3 revenue rose yr/yr, with higher volumes in Maine and lower in New Brunswick

  • Adjusted EBITDA increased, driven by operational improvements and higher pricing

  • Net income rose yr/yr, supported by higher operating income, fair-value adjustments and gains on asset sales


Outlook

  • Company expects contractor availability in New Brunswick to remain sufficient through the 2027 winter season

  • Acadian expects to progress toward targeted production levels and cost structure in Maine in 2026

  • Company expects near-term sawlog demand and pricing to remain stable until end-use markets improve


Result Drivers

  • MAINE OPERATIONS - Co said operational improvements in Maine led to higher volumes and lower costs

  • HIGHER PRICING - Co said stronger end-use markets and higher fuel surcharges lifted average selling prices

  • NEW BRUNSWICK DEMAND - Co said lower volumes in New Brunswick were due to weaker softwood pulpwood demand


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Miss

C$24 mln

C$26.80 mln (1 Analyst)

Q3 EPS

C$0.23

Q3 Net Income

C$4.38 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the forest & wood products peer group is "buy"

  • Wall Street's median 12-month price target for Acadian Timber Corp is C$18.25, about 5.7% above its October 27 closing price of C$17.27

  • The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 21 three months ago


Reuters Recommended Reads

  • Oct 26 - Clearwater Paper Q3 revenue slightly misses estimates on lower market pricing

  • Oct 28 - Finland's UPM Kymmene misses Q3 revenue expectations on low deliveries and high costs

  • Oct 27 - Canada, UAE sign trade deal as Carney seeks new trading partners


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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