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 diversified wood products company listed on the TSX and NYSE. Company news releases and regulatory filings provide regular updates on its lumber, engineered wood products, and pulp and paper operations across Canada, the United States, the United Kingdom and Europe. This news page aggregates those disclosures so readers can follow how market conditions, trade policies and operational decisions affect the business.
Recent West Fraser news has covered topics such as quarterly financial results, adjustments to lumber and OSB capacity, and guidance for shipment volumes in its Lumber, North America Engineered Wood Products and Europe Engineered Wood Products segments. The company also reports on capital expenditures, share repurchases under its normal course issuer bid, and dividends on its Common and Class B Common shares.
Operational announcements have included decisions to curtail or close specific lumber and OSB mills in response to timber supply challenges and soft demand, as well as asset and goodwill impairment charges related to these changes. Other releases discuss the impact of countervailing and antidumping duties on Canadian softwood lumber exports to the U.S., and the effect of Section 232 tariffs on imported softwood timber and lumber.
In addition to financial and capacity updates, West Fraser issues news about partnerships and forest stewardship initiatives, such as its collaboration with Lake Babine Nation Forestry Limited Partnership on a First Nations Woodland Licence in British Columbia. Investors and observers can use this news feed to review the company’s own descriptions of its operating environment, risk factors and strategic responses over time.
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.
West Fraser Timber Co. (TSX and NYSE: WFG) has announced the indefinite curtailment of its sawmill in Lake Butler, Florida by the end of September 2024. This decision is due to high fiber costs and soft lumber markets. The curtailment will:
- Impact approximately 130 employees
- Reduce West Fraser's U.S. lumber capacity by 110 million board feet
The company plans to mitigate the impact on affected employees by providing work opportunities at other operations. West Fraser expects to take an impairment charge in the third quarter of 2024 associated with this announcement.
West Fraser Timber Co. (TSX and NYSE: WFG) has announced a quarterly dividend of US$0.32 per share on both Common and Class B Common shares. The dividend is payable on October 11, 2024, to shareholders of record as of September 26, 2024. These dividends are designated as eligible dividends under Canadian tax law. While declared and payable in U.S. dollars, shareholders have the option to receive their dividends in Canadian dollars. Detailed information about the election procedure is available on the company's website under the Investors section.
West Fraser Timber Co. (TSX and NYSE: WFG) reported Q2 2024 results with sales of $1.705 billion and earnings of $105 million, or $1.20 per diluted share. Adjusted EBITDA was $272 million, representing 16% of sales. The company's North America Engineered Wood Products segment performed strongly with $308 million Adjusted EBITDA, while the Lumber segment faced challenges with $(51) million Adjusted EBITDA. West Fraser repurchased 935,568 shares for $74 million and increased its quarterly dividend to $0.32 per share. The company maintains a strong balance sheet with $1,004 million in cash and short-term investments. Despite near-term demand uncertainty, West Fraser continues to focus on modernizing mills, lowering costs, and maintaining financial flexibility.
West Fraser Timber will hold an analyst conference call on July 25, 2024, at 8:30 a.m. PT (11:30 a.m. ET) to discuss its Q2 2024 financial and operating results. The call, chaired by CEO Sean McLaren, will include a discussion by management followed by a Q&A session with analysts. The call can be accessed by dialing 1-888-390-0605 (North America toll-free) or (416) 764-8609 (toll). A recording will be available on the company's website. The financial results will be released on July 24, 2024.