Send PM
Followers 29
Posts 4131
Boards Moderated 1
Alias Born 06/08/2003

Re: None

Thursday, 05/05/2022 12:14:55 AM

Thursday, May 05, 2022 12:14:55 AM

Post# of 133
Q1 earnings
Net income in the first quarter of 2022 was $38.0 million ($0.11 per diluted share) as compared to income of $28.5 million ($0.08 per diluted share) for the fourth quarter of 2021, and net income of $53.8 million ($0.14 per diluted share) in the first quarter of 2021. Net income in the first quarter of 2021 included $16.7 million ($0.04 per diluted share) in other income from non-recurring asset sales.

Highlights:

-- Record first quarter adjusted EBITDA of $65.4 million

-- Realized record average lumber price of $1,688 per thousand board feet

-- Announced a 25% increase to our quarterly dividend

-- Completed our 10% normal course issuer bid, returning a total of $60.7
million to shareholders

-- Liquidity(1) of $316.3 million to support growth strategy and balanced
approach to capital allocation
Western's first quarter adjusted EBITDA was $65.4 million, as compared to adjusted EBITDA of $52.5 million in the fourth quarter of 2021, and adjusted EBITDA of $62.9 million in the first quarter of 2021. Operating income prior to restructuring and other items was $52.2 million, compared to income of $39.4 million in the fourth quarter of 2021, and $48.8 million of income reported in the first quarter of 2021.

I am only expressing my personal opinions or repeating public information from SEC filings or media outlets-which may or may not be correct. Do your own investigating before investing!


Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
Recent WFSTF News

Nextech AR Reports Q3 3D-Model Production Jumps 110% and Sees Strong Continued Demand in Q4 NTAR Oct 5, 2022 10:00 AM

Memorandum of Understanding Signed by Miranda Water Treatment Systems and Rainmaker Worldwide Inc. RAKR Oct 5, 2022 9:02 AM

Trend Innovations Holding Inc. completes Thy News localization testing successfully TREN Oct 5, 2022 9:00 AM

Branded Legacy, Inc. Acquires Alpha Growers, LLC and Adds $320,000 in Assets BLEG Oct 5, 2022 8:45 AM

Glitzy LA luxury private cigar club planned for two blocks from the Walt Disney Concert Hall Oct 4, 2022 6:15 PM

'Posh' brand funding round for all things cannabis kicks off with S.E.C. enrollment for capital raise Oct 4, 2022 5:38 PM

NFL Great, Drew Brees, to Team with Splash Beverage Corp to Promote TapouT Performance Drink SBEV Oct 4, 2022 12:34 PM

Good Gaming Inc. Announces Its Reveal Event For The Water Bear PFP, The First of Ten Species That Make Up The Genesis Collections And Their Cross Platform "Buddyverse" GMER Oct 4, 2022 9:15 AM

Quinting - a luxury Swiss watch brand partners Coinllectibles to launch Digital Ownership Tokens (DOTs) valued at more than US$450,000 at the Global Web 5.0 Conference in Singapore on 1 Nov 2022 COSG Oct 4, 2022 8:03 AM

Swifty Global Gets Swifty Gaming Off to a Flying Start and Updates its Annual Revenue Target DRCR Oct 3, 2022 10:29 AM

Branded Legacy, Inc. Products Now Featured in New Brick and Mortar Location BLEG Oct 3, 2022 9:26 AM

TNS Reports, These Four Stocks have New Developments that Could Equate to Big Catalysts INND Oct 3, 2022 8:14 AM

TNS Reports on Stocks with Potential Near-Term Catalysts in the Works SYSX Oct 3, 2022 8:08 AM

IGEN's Nimbo Tracking adds four new dealerships and 1250 vehicles across three states in Third Quarter 2022 IGN Oct 3, 2022 6:00 AM

ILUS Confirms Share Lock-Up Opportunity ILUS Sep 29, 2022 1:25 PM