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 Co. (TSX: WFG) reported a robust Q1 2021, with sales soaring 81% to $2.343 billion and earnings rising to $665 million, representing 28% of sales. Adjusted EBITDA reached $1.008 billion, reflecting substantial growth from the previous quarter. The acquisition of Norbord was finalized on February 1, 2021, enhancing operational capabilities. The company maintained strong liquidity of $2.551 billion and repurchased $102 million in shares. Strategic investments are expected to drive further growth, despite challenges from increased raw material costs and integration risks.
West Fraser Timber Co. Ltd. (WFG) announced the voting results from its virtual Annual General Meeting held on April 20, 2021. A total of 97.7 million shares were voted, representing 79.32% of all outstanding shares. Shareholders approved all items, including the election of all director nominees, with Hank Ketcham receiving 98% of votes in favor. The appointment of PricewaterhouseCoopers LLP as auditor was also approved. Additionally, 99% of votes supported the Company's executive compensation approach as detailed in the March 8, 2021, management circular.
West Fraser Timber Co. Ltd. (WFG) will host an analysts' conference call on May 7, 2021, at 8:30 a.m. PT to discuss its first quarter 2021 financial and operating results. Interested participants can dial 1-888-390-0605 toll-free in North America or join via webcast. The company's quarterly results will be released on May 6, 2021. West Fraser operates over 60 facilities globally, producing a range of wood products and renewable energy.
West Fraser Timber Co. Ltd. (WFG) announced that its subsidiary, Norbord Inc., will redeem all outstanding 5.75% Notes due July 15, 2027, on May 6, 2021. Approximately US$349.4 million in 2027 Notes are currently outstanding. The redemption will occur at 100% of the principal amount plus a make-whole premium, financed with cash on hand, aimed at reducing debt and optimizing capital structure post-Norbord acquisition. This move is not expected to materially impact West Fraser’s earnings.
West Fraser Timber Co. Ltd. (TSX: WFG) has provided operational updates on its Dudley, Georgia lumber mill and Chambord, Quebec OSB mill, confirming progress on its new manufacturing complex expected to increase annual production capacity by 170 million board feet by Q2 2021. The Chambord mill is now operational, ramping up towards 550 million square feet production capacity. Additionally, West Fraser has filed a preliminary short form base shelf prospectus to offer up to US$2 billion in securities. Norbord Inc. has applied to cease being a reporting issuer in Canada following its acquisition by West Fraser.
On March 2, 2021, West Fraser Timber Co. announced that its subsidiary, Norbord Inc., initiated a change of control offer to repurchase US$315 million of senior notes due 2023 at 6.25% and US$350 million of senior notes due 2027 at 5.75%. This move follows Norbord's acquisition by West Fraser on February 1, 2021. The purchase price will be 101% of the principal amount plus accrued interest, with an expected payment date of April 2, 2021. The Offer is open until April 1, 2021, at 5 p.m. EST.
West Fraser Timber Co. Ltd. (WFG) announced an automatic share purchase plan (ASPP) to facilitate the repurchase of its common shares under a normal course issuer bid (NCIB). The Toronto Stock Exchange approved West Fraser's plan to buy up to 6,044,000 shares, approximately 5% of its outstanding shares, from February 17, 2021, to February 16, 2022. The ASPP allows purchases even during blackout periods, with transactions executed by a broker in compliance with securities regulations.
West Fraser Timber Co. Ltd. (WFG) reported strong Q4 2020 results with sales of $1.689 billion and earnings of $366 million, marking a 22% earnings ratio. Annual sales reached $5.850 billion and a cash dividend of $0.20 per share was declared, payable on April 1, 2021. The acquisition of Norbord, completed on February 1, 2021, enhances West Fraser's product diversity and market reach. The company anticipates increased lumber production in 2021 and a robust outlook for the housing market, positioning it for sustainable growth.
Norbord reported a record Adjusted EBITDA of $865 million for 2020, significantly up from $138 million in 2019, driven by higher OSB prices and improved productivity. The company, now a subsidiary of West Fraser (WFG), completed its acquisition on February 1, 2021. Adjusted earnings reached $6.38 per diluted share against a loss in the prior year. Fourth quarter results also saw a robust increase in Adjusted EBITDA to $384 million.
Despite challenges due to COVID-19, production at three mills set records, and reopening of the Chambord mill is planned for Spring 2021.
West Fraser Timber Co. has successfully completed its acquisition of Norbord Inc., enhancing its market position in sustainable product manufacturing critical for a low-carbon economy. Norbord shareholders received 0.675 shares of West Fraser for each Norbord share held. The deal sees management continuity, with key Norbord executives being appointed to West Fraser's leadership team. Following this transaction, West Fraser shares will list on the NYSE under the symbol 'WFG', while Norbord shares will be delisted. West Fraser aims for strategic growth post-acquisition.
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