Acadian Timber Corp

OTC Pink - Current Information:ACAZFUnited StatesView on Canadian Exchange

Oct 30, 2024

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• Acadian Timber Third-Quarter Profit Falls by 66%, from 5:27PM ET on Wednesday Oct 30, 2024 by MT Newswires

  5:27PM ET on Wednesday Oct 30, 2024 by MT Newswires
  Companies Mentioned: ADN
  05:27 PM EDT, 10/30/2024 (MT Newswires) -- Acadian Timber (ADN.TO) reported third quarter profit declined by two-thirds, primarily due to lower non-cash fair value adjustments. . The company said it earned $2.2 million, or $0.13 per share, in the q...

• *DJ Acadian Timber 3Q EPS C$0.13 >ADN.T, from 5:05PM ET on Wednesday Oct 30, 2024 by Dow Jones

  5:05PM ET on Wednesday Oct 30, 2024 by Dow Jones
  Companies Mentioned: ADN

• Acadian Timber Corp. Reports Third Quarter Results, from 5:05PM ET on Wednesday Oct 30, 2024 by Dow Jones

  5:05PM ET on Wednesday Oct 30, 2024 by Dow Jones
  Companies Mentioned: ADN
  
  (unaudited)
  Three Months Ended Nine Months Ended ------------------- ------------------------------------------------ ------------------------------------------------- September September September September (CAD thousands) 28, 2024 30, 2023 28, 2024 30, 2023 ------------------- --------------------------- ------------------ --------------------------- ------------------- Cash provided by (used for): ------------------- ---- --------------------- --- ------------- --- ---------------------- --- -------------- Operating activities Net income $ 2,215 $ 6,408 $ 16,153 $ 17,841 Adjustments to net income: Income tax expense 939 1,200 7,085 5,816 Depreciation and amortization 139 106 369 262 Fair value adjustments and other 92 (3,593) (4,991) (10,126) Non-cash cost of sales related to carbon credits -- -- 14,178 -- Gain on sale of timberlands and other fixed assets (1) (77) (203) (652) Income taxes paid (676) (800) (2,919) (3,168) Net change in non-cash working capital balances and other 2,342 (489) 1,955 (2,438) ------------------------- --------------------- --- ------------- --- ---------------------- --- -------------- 5,050 2,755 31,627 7,535 ------------------------ --------------------- --- ------------- --- ---------------------- --- -------------- Financing activities Proceeds from short-term debt -- -- 10,298 -- Repayment of short-term debt -- -- (10,298) -- Dividends paid to shareholders (2,588) (3,721) (8,900) (11,166) ------------------------- --------------------- --- ------------- --- ---------------------- --- -------------- (2,588) (3,721) (8,900) (11,166) Investing activities Additions to timber, land, roads, and other fixed assets (292) (373) (10,157) (550) Proceeds from sale of timberlands and other fixed assets 1 80 218 670 ------------------------- --------------------- --- ------------- --- ---------------------- --- -------------- (291) (293) (9,939) 120 ------------------------ --------------------- --- ------------- --- ---------------------- --- -------------- Increase / (Decrease) in cash during the period 2,171 (1,259) 12,788 (3,511) Cash, beginning of period 12,448 3,978 1,831 6,230 ------------------------- --------------------- --- ------------- --- ---------------------- --- -------------- Cash, end of period $ 14,619 $ 2,719 $ 14,619 $ 2,719 ------------------- ---- --------------------- --- ------------- --- ---------------------- --- --------------