05:24 PM EDT, 04/23/2024 (MT Newswires) -- West Fraser Timber ( WFG ) edged higher in after-hours New York trading after the company on Tuesday said Tuesday it swung back to a first-quarter profit on higher sales.

The company said it earned US$35 million, or US$0.42 per share, in the period, compared with a loss of US$153 million, or US$1.87, in the year-prior quarter.

Revenue rose 7.5% to US$1.63 billion from US$1.51 billion.

"Our North American OSB, plywood and other engineered products had another strong quarter in Q1-24, with robust demand driven by strength in new home construction, which carried over from the fourth quarter. This was in contrast to ongoing demand softness in our European EWP business and North American lumber business, particularly for SYP lumber with its greater relative exposure to repair and remodelling applications," chief executive Sean McLaren said in a statement.

West Fraser shares were last seen up US$0.073 to US$78.68 after hours. They closed up C$0.09 to C$107.50 on the Toronto Stock Exchange.