West Fraser Timb Stock Price, News & Analysis

West Fraser Timber (NYSE: WFG) has strengthened its financial position by renewing and expanding its credit facilities. The company renewed its $1 billion credit facility, extending its maturity from July 2028 to May 2030 under similar terms. Additionally, West Fraser increased its term loan from $200 million to $300 million and extended its maturity from July 2025 to May 2028. CEO Sean McLaren highlighted that the company ended Q1 2025 with over $1.4 billion in available liquidity, and these renewed facilities further enhance their near-term liquidity and financial flexibility.

West Fraser (NYSE: WFG) has released its 2024 Sustainability Report, showcasing significant progress in environmental and social initiatives. The company achieved a 22% reduction in scope 1 and 2 emissions compared to 2019 baseline, and a 13% reduction in Scope 3 emissions from 2020 levels. Key highlights include: powering operations with 75% renewable energy, implementing new contractor safety practices, and investing $4.3 million through 800 community partnerships. The company signed a notable agreement with Lake Babine Nation's forestry company for long-term fiber supply. West Fraser also introduced a Sustainable Forest and Wood Procurement Policy in 2024, demonstrating its commitment to responsible resource management and sourcing practices.

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.