Welcome to our dedicated page for West Fraser Timb news (Ticker: WFG), a resource for investors and traders seeking the latest updates and insights on West Fraser Timb stock.
West Fraser Timber Co. Ltd. (WFG) is a global leader in diversified wood products manufacturing, producing softwood lumber, engineered wood panels, and pulp solutions for construction and industrial markets. This news hub provides investors and industry professionals with timely updates on corporate developments, operational milestones, and strategic initiatives shaping North America's largest lumber producer.
Access comprehensive coverage of earnings announcements, acquisition updates, and sustainability progress, including the company's advancements in sustainable forestry practices and manufacturing innovations. Our curated collection features official press releases alongside third-party analysis of market trends affecting WFG's operations across Canada, the United States, and Europe.
Key content categories include quarterly financial results, production capacity expansions, leadership changes, environmental stewardship initiatives, and product innovation announcements. The repository serves as a neutral, factual resource for tracking how WFG navigates commodity price cycles, supply chain dynamics, and evolving building material demands.
Bookmark this page for streamlined access to West Fraser Timber's latest corporate communications and expert perspectives on its position within the global forest products sector. Check back regularly for updates reflecting the company's ongoing commitment to operational efficiency and responsible resource management.
West Fraser Timber (TSX and NYSE: WFG) held its Annual General Meeting on April 23, 2025, in Quesnel, B.C., with 75.75% of total voting shares represented. All director nominees were successfully elected, with voting results showing strong support for most candidates. Notable results include Sean P. McLaren and Colleen M. McMorrow receiving 99.93% approval, while Hank Ketcham and Janice G. Rennie received approximately 90% support.
Shareholders approved maintaining twelve directors on the board and confirmed PricewaterhouseCoopers LLP as the company's auditor. The Say-on-Pay resolution regarding executive compensation received 90.04% approval from shareholders.
West Fraser Timber (WFG) reported Q1 2025 results with sales of $1.459 billion and earnings of $42 million ($0.46 per diluted share). The company achieved Adjusted EBITDA of $195 million, representing 13% of sales.
Segment performance included Lumber Adjusted EBITDA of $66 million, North America Engineered Wood Products at $125 million, Pulp & Paper at $7 million, while Europe Engineered Wood Products posted a loss of $2 million. The company repurchased 529,660 shares for $44 million.
Significant challenges include new U.S. tariffs on Canadian wood products, with rates starting at 10%. The company has revised its 2025 shipment targets downward due to transportation challenges and tariff uncertainties. Cash position decreased to $390 million from $641 million, primarily due to seasonal log inventory build.
West Fraser Timber (TSX and NYSE: WFG) has announced it will host its first quarter 2025 earnings conference call on April 23, 2025 at 7:00 a.m. Pacific Time/10:00 a.m. Eastern Time. The call will be chaired by President and CEO Sean McLaren, followed by a Q&A session with analysts.
The company will release its Q1 2025 financial and operating results on April 22, 2025. Investors can participate via phone (toll-free: 1-888-510-2154 or toll: 437-900-0527) or through a webcast available on the company's website.
West Fraser Timber (TSX and NYSE: WFG) has announced the renewal of its Normal Course Issuer Bid (NCIB), authorized by the Toronto Stock Exchange. The company can purchase up to 3,868,177 shares, representing 5% of its outstanding shares, starting March 3, 2025.
The NCIB allows share repurchases through TSX, NYSE, and alternative trading systems in Canada/US. The daily purchase limit is 34,408 shares on TSX and 25% of average daily trading volume on NYSE. The program will terminate on March 2, 2026, or earlier if the maximum shares are purchased.
Under the previous NCIB expiring February 28, 2025, West Fraser purchased 2,061,804 shares at a weighted-average price of US$81.14 per share. The company plans to implement an automatic purchase plan during self-imposed blackout periods.
West Fraser Timber Co. (TSX and NYSE: WFG) has announced the completion of its 2024 annual report filing on Form 40-F with the SEC. The filing includes the company's audited financial statements for the year ended December 31, 2024, annual management's discussion and analysis (MD&A), and annual information form. These documents have been filed with Canadian securities authorities on SEDAR+ and are available on the company's website. Shareholders can request hard copies free of charge.
West Fraser Timber (WFG) reported Q4 2024 results with sales of $1.405 billion and a loss of $62 million, or $(0.80) per diluted share. The company's Q4 Adjusted EBITDA was $140 million, representing 10% of sales. For the full year 2024, sales reached $6.174 billion with a loss of $5 million.
Key segment performance in Q4 included Lumber Adjusted EBITDA of $21 million, North America Engineered Wood Products at $127 million, and Europe EWP at $2 million, while Pulp & Paper recorded $(10) million. The company repurchased 311,523 shares for $27 million in Q4 and paid $26 million in dividends.
The company noted continued resilience in NA Engineered Wood Products business, supported by solid new home construction demand. However, high mortgage rates remain an affordability challenge, and potential U.S. tariffs on Canadian exports add uncertainty. For 2025, capital expenditures are expected to be $400-450 million.
West Fraser Timber (TSX and NYSE: WFG) has announced it will host an analysts' conference call to discuss its fourth quarter 2024 financial and operating results on Thursday, February 13, 2025, at 8:30 a.m. Pacific Time/11:30 a.m. Eastern Time. The call will be chaired by Sean McLaren, President and Chief Executive Officer.
The company will release its Q4 2024 results on Wednesday, February 12, 2025. The conference call will be recorded and made available for replay on the company's website. Analysts will have the opportunity to participate in a Q&A session following management's discussion of quarterly results.
West Fraser Timber (TSX and NYSE: WFG) has announced a quarterly dividend of US$0.32 per share on both Common shares and Class B Common shares. The dividend will be payable on January 14, 2025 to shareholders of record as of December 27, 2024. The dividends are designated as eligible dividends under Canadian tax legislation and will be paid in U.S. dollars, though shareholders have the option to elect receiving payments in Canadian dollars.
West Fraser Timber reported Q3 2024 results with sales of $1.437 billion and losses of $(83) million, or $(1.03) per diluted share. The company's Adjusted EBITDA was $62 million, representing 4% of sales. The Lumber segment posted negative Adjusted EBITDA of $(62) million, while North America Engineered Wood Products showed stronger performance with $121 million. The company repurchased 446,460 shares for $35 million and announced indefinite curtailment of operations at its Lake Butler, Florida lumber mill. Post-quarter, West Fraser repaid $300 million in senior notes with cash on hand.
West Fraser Timber Co. (TSX and NYSE: WFG) has announced its upcoming third quarter 2024 financial and operating results conference call. The call is scheduled for Thursday, October 24, 2024, at 8:30 a.m. Pacific Time/11:30 a.m. Eastern Time. Interested parties can participate by dialing 1-888-510-2154 (Toll-free North America) or (437) 900-0527 (Toll number), or by connecting to the webcast.
The conference call will be chaired by Mr. Sean McLaren, President and Chief Executive Officer. Following management's discussion, analysts will have the opportunity to ask questions. The call will be recorded and made available on West Fraser's website at www.westfraser.com. The company's third quarter 2024 financial and operating results will be released on Wednesday, October 23, 2024.
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