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Conifex Timber Inc (CFF.TO)

CFF.TO on Toronto Stock Exchange

0.88CAD
19 Jul 2019
Change (% chg)

$-0.04 (-4.35%)
Prev Close
$0.92
Open
$0.90
Day's High
$0.92
Day's Low
$0.83
Volume
52,200
Avg. Vol
46,324
52-wk High
$5.90
52-wk Low
$0.83

Latest Key Developments (Source: Significant Developments)

Conifex Announces First Quarter 2019 Results
Tuesday, 14 May 2019 

May 14 (Reuters) - Conifex Timber Inc ::CONIFEX ANNOUNCES FIRST QUARTER 2019 RESULTS.QTRLY LOSS PER SHARE $0.25.QTRLY REVENUES FROM CONTINUING OPERATIONS TOTALED $133.7 MILLION, DOWN 2% VERSUS PRIOR QUARTER.CONTINUE TO BELIEVE THAT CURRENT LUMBER PRICES DO NOT PROPERLY REFLECT FUNDAMENTAL SUPPLY.CONIFEX TIMBER - ALSO CONTINUE TO BELIEVE CURRENT LUMBER PRICES DO NOT REFLECT DEMAND FACTORS THAT ARE EXPECTED TO DRIVE LUMBER PRICING THROUGH REST OF 2019 & 2020.IN TERMS OF LUMBER DEMAND, WE EXPECT LUMBER CONSUMPTION WILL CONTINUE TO GROW OVER NEXT TWO YEARS.EXPECT GROWTH IN LUMBER DEMAND WILL OUTPACE GROWTH IN NET NEW SUPPLY.EXPECT CAPACITY UTILIZATION RATES WILL REMAIN ELEVATED.EXPECT LUMBER PRICES, WHILE REMAINING VOLATILE, WILL IMPROVE.Q1 EARNINGS PER SHARE VIEW C$-0.24, REVENUE VIEW C$157.0 MILLION -- REFINITIV IBES DATA.  Full Article

Conifex Timber Reports Q4 Net Loss Per Share Diluted Of $0.49
Wednesday, 27 Mar 2019 

March 27 (Reuters) - Conifex Timber Inc ::CONIFEX REPORTS 2018 YEAR END AND FOURTH QUARTER RESULTS.QTRLY NET LOSS PER SHARE BASIC AND DILUTED $0.49.  Full Article

Conifex Reports Q3 Earnings Per Share Of C$0.09
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Conifex Timber Inc ::CONIFEX ANNOUNCES THIRD QUARTER RESULTS.Q3 EARNINGS PER SHARE C$0.09.Q3 REVENUE ROSE 51 PERCENT TO C$182.1 MILLION.  Full Article

Conifex Timber Reports Q2 Earnings Per Share Of $0.35
Friday, 10 Aug 2018 

Aug 10 (Reuters) - Conifex Timber Inc ::CONIFEX ANNOUNCES RECORD SECOND QUARTER RESULTS.CONIFEX TIMBER INC - QTRLY EARNINGS PER SHARE $0.35.CONIFEX TIMBER INC - EXPECT U.S. MARKET TO CONTINUE ITS GRADUAL RECOVERY IN BOTH HOUSING AND REPAIR AND REMODELLING SECTORS.CONIFEX TIMBER INC - EXPECT SALES VOLUME TO CHINA AND JAPAN WILL REMAIN STEADY AND INTEND TO CONTINUE TO DEVELOP SALES INTO OTHER EXPORT MARKETS.CONIFEX TIMBER INC - QTRLY TOTAL SALES $200.3 MILLION VERSUS $116.4 MILLION.  Full Article

Conifex Timber Announces Agreement With Blue Wolf Capital Partners
Wednesday, 16 May 2018 

May 15 (Reuters) - Conifex Timber Inc ::CONIFEX ANNOUNCES AGREEMENT WITH BLUE WOLF CAPITAL PARTNERS RESULTING IN MAJOR EXPANSION IN SOUTHEASTERN UNITED STATES.CONIFEX TIMBER - AS A RESULT OF DEAL, CONIFEX'S ANNUAL LUMBER PRODUCTION CAPACITY WILL INCREASE BY APPROXIMATELY 50% TO 1.1 BILLION BOARD FEET.CONIFEX TIMBER - CO'S CONSIDERATION FOR DEAL HAS $150.0 MILLION PLUS NET WORKING CAPITAL OF BW GROUP AT CLOSING IN CASH.CONIFEX TIMBER - AS PART OF DEAL, CHARLES MILLER AND GEORGE JUDD SHALL BE APPOINTED TO CONIFEX'S BOARD OF DIRECTORS ON CLOSING OF TRANSACTION.CONIFEX TIMBER - ESTIMATES THAT INTEGRATING ACQUIRED MILLS WITH ITS EXISTING OPERATIONS WILL GENERATE OVER US$5 MILLION IN SYNERGIES.CONIFEX TIMBER INC - BELIEVES ANNUAL RUN-RATE BENEFITS WILL BE ACHIEVED WITHIN 12 MONTHS OF CLOSING TRANSACTION.CONIFEX TIMBER INC - IMMEDIATE CASH FLOW GENERATION AND EARNINGS ACCRETION FROM DEAL.  Full Article

Conifex Posts Q4 Earnings Per Share C$0.30
Friday, 16 Feb 2018 

Feb 16 (Reuters) - Conifex Timber Inc ::CONIFEX ANNOUNCES STRONG FOURTH QUARTER AND ANNUAL RESULTS.Q4 EARNINGS PER SHARE C$0.30.‍REVENUES WERE $132.7 MILLION IN Q4 OF 2017 VERSUS $102.0 MILLION IN Q4 OF 2016.  Full Article

Conifex announces qtrly ‍net income per share $0.23​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Conifex Timber Inc :Conifex announces strong third quarter results.Conifex Timber Inc - Qtrly ‍net income per share $0.23​.Conifex Timber Inc - Qtrly ‍​sales $120.3 million versus $104.1 million.Conifex Timber Inc - ‍Will initially operate ed mill on a one-shift basis & expect to ramp-up production to about 90% of capacity by dec 2018​.Conifex Timber -‍ Expect that uncertainty around softwood lumber dispute to contribute to further volatility in U.S. market conditions & pricing​.Conifex Timber Inc - ‍Expect lumber demand and pricing to continue to remain solid in chinese and japanese markets through balance of year​.Conifex Timber Inc - ‍Expect further strengthening of WSPF prices early in Q4 of 2017​.Conifex Timber - ‍Through closing months of 2017, expect demand in U.S. and Canadian lumber markets to improve average benchmark Western SPF prices​.  Full Article

Conifex Timber reports Q2 earnings per share C$0.16
Thursday, 10 Aug 2017 

Aug 10 (Reuters) - Conifex Timber Inc :Conifex announces record second quarter results.Qtrly sales ‍$116.4 million versus $100.3​ million.Q2 earnings per share C$0.16.‍"severe forest fire season in British Columbia to date has had no material financial impact on our operations"​.Conifex Timber-for remainder of 2017, expect average benchmark lumber prices for western spf similar to average levels achieved in first six months of 2017.Conifex Timber - "‍expect that average log costs through remaining six months of year will generally remain consistent with those in first half of 2017​".Conifex Timber Inc - ‍ did not incur any expense related to add deposits in Q2 of 2017​.Conifex Timber Inc - ‍ currently estimates El Dorado Mill Capital Project will require capital expenditures of approximately US$50 million​.Conifex Timber Inc - ‍ El Dorado Mill Capital Project is currently within management's budgeted amounts and progressing as scheduled​.  Full Article

Conifex Timber Q2 earnings per share $0.16
Thursday, 10 Aug 2017 

Aug 10 (Reuters) - Conifex Timber Inc :Conifex announces record second quarter results.Qtrly earnings per share $0.16.Qtrly sales $116.4 million versus $103.7 million.  Full Article