Business
Acadian Timber Corp. Reports First Quarter Results
EDMUNDSTON, New Brunswick, May 07, 2025 (GLOBE NEWSWIRE) -- Acadian Timber Corp. (“Acadian...
About this update from Acadian Timber Corp.
[{"type":"text","content":"Acadian Timber Corp. Reports First Quarter Results\n\n\n\n\n\n Investors, analysts and other interested parties may access Acadian Timber Corp.’s 2025 First Quarter Results conference call and webcast on Thursday, May 8, 2025 at 1:00PM ET. Please register\n \n here\n \n or follow the link on our website at\n \n www.acadiantimber.com/presentations-webcasts\n \n , to receive your unique PIN. For those unable to participate, a recorded rebroadcast will be available until 4:00PM ET May 8, 2026.\n \n\n\n\n\n\n\n\n EDMUNDSTON, New Brunswick, May 07, 2025 (GLOBE NEWSWIRE) -- Acadian Timber Corp. (“Acadian” or the “Company”) (TSX:ADN) today reported financial and operating results\n \n 1\n \n for the three months ended March 29, 2025 (the “first quarter”).\n \n\n “Regional demand and pricing for our products remained stable during the first quarter of 2025, despite heightened levels of economic uncertainty. However, warm weather and limited contractor availability in Maine impacted our ability to deliver to our customers,” commented Adam Sheparski, President and Chief Executive Officer. “The establishment of our own logging operations in Maine during the first quarter reduces our dependence on external contractors going forward and we look forward to catching up on our planned volumes over the course of the rest of the year.\"\n \n\n Acadian generated sales of $24.8 million, compared to $28.8 million in the prior year period. The first quarter of 2024 included $4.9 million in carbon credit sales, while no carbon credit sales occurred in the first quarter of 2025. Acadian generated $3.0 million of Free Cash Flow during the first quarter and declared dividends of $5.2 million or $0.29 per share to our shareholders. Acadian’s balance sheet remains solid with $17.6 million of net liquidity as at March 29, 2025, which includes funds available under our credit facilities.\n \n\n\n Internal Logging Operations\n \n\n\n During the first quarter, Acadian established its own internal logging operations in order to increase production capacity and reduce operating costs in Maine. This occurred through two initiatives.\n \n\n First, in January 2025, Acadian purchased several pieces of harvesting equipment for $2.4 million and hired equipment operators to conduct harvesting ...