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. Ltd. (WFG) announced a planned curtailment of operations at Cariboo Pulp & Paper in Quesnel, British Columbia. This suspension will start in mid-April for one month and again in the third quarter. The decision stems from a decline in sawmill residual availability due to factors like infestation, fire, and government policies impacting fibre supply in British Columbia. During the downtime, the company intends to mitigate employee impacts through vacation scheduling and alternative work assignments.
West Fraser Timber Co. Ltd. (NYSE: WFG) announced an upcoming analysts' conference call to discuss its fourth quarter 2022 financial results, scheduled for February 15, 2023, at 8:30 a.m. PT. Participants can join via telephone at 1-888-390-0605 or (416) 764-8609, or through a webcast. The company's financial results will be made available a day prior, on February 14, 2023. West Fraser operates over 60 facilities across Canada, the U.S., the UK, and Europe, producing a range of wood products.
West Fraser Timber Co. Ltd. (WFG) announced the indefinite curtailment of its Perry Sawmill in Florida due to high fiber costs and declining lumber market prices. This decision will impact around 126 employees and reduce US lumber production by 100 million board feet. The company aims to mitigate the effect on workers by offering opportunities at other facilities. An impairment charge is expected in Q4 2022 related to this curtailment, reflecting the challenges in maintaining profitable operations under current market conditions.
West Fraser Timber Co. Ltd. (WFG) has announced a quarterly dividend of US$0.30 per share, payable on January 13, 2023, for shareholders of record on December 30, 2022. The dividend is classified as an eligible dividend under Canadian tax regulations. Shareholders have the option to receive their dividends in Canadian dollars. West Fraser operates over 60 facilities across Canada, the U.S., the UK, and Europe, producing a range of wood products essential for construction and industrial applications.
West Fraser Timber Co. Ltd. (WFG) reported Q3 2022 sales of $2.088 billion and earnings of $216 million, a decline from previous quarters. Adjusted EBITDA stood at $426 million, down from $1.124 billion in Q2 2022. The company repurchased 2.224 million shares for $182 million. Despite improved transportation challenges, rising inflation and slowing demand have impacted performance. A new lumber manufacturing complex in Texas is planned, with an estimated investment of $255 million. Long-term growth is anticipated in the housing sector, but short-term challenges remain due to rising interest rates and macroeconomic pressures.
West Fraser Timber Co. Ltd. (WFG) will host an analysts' conference call on October 27, 2022, at 8:30 a.m. PT to discuss its third quarter 2022 financial results. Interested participants can join by dialing 1-888-390-0605 or (416) 764-8609 for international calls, or through a webcast available on their website. The financial results will be released on October 26, 2022. The call will be led by Ray Ferris, President and CEO, and will allow for Q&A from analysts.
West Fraser Timber Co. Ltd. (WFG) announced a quarterly dividend of US$0.30 per share, scheduled for payment on October 7, 2022. Shareholders of record by September 22, 2022 will receive this dividend, which is classified as an eligible dividend under Canadian tax law. Shareholders can opt to receive dividends in either U.S. or Canadian dollars. West Fraser is a diversified wood products company operating over 60 facilities across Canada, the United States, the United Kingdom, and Europe, specializing in sustainably sourced wood products.
West Fraser Timber Co. Ltd. (WFG) announced permanent production curtailments of approximately 170 million board feet from its Fraser Lake and Williams Lake sawmills and 85 million square feet of plywood at its Quesnel mill. This decision will affect 77 positions at Fraser Lake, 15 positions at Williams Lake, and 55 positions at Quesnel, with changes implemented in Q4 2022. The curtailments aim to align production capacity with the challenges of timber accessibility and transportation issues in British Columbia.
West Fraser Timber Co. Ltd. (WFG) reported Q2 2022 results revealing sales of $2.887 billion and earnings of $762 million or $7.59 per diluted share. Adjusted EBITDA was $1.124 billion, 39% of sales. The company returned $1.475 billion to shareholders through buybacks and dividends. Challenges included transportation issues and inflationary pressures, but demand for wood products remains robust. Forecasts suggest SPF lumber shipments may be lower than projected, while OSB shipments are slightly down. Capital expenditures are expected to be near $500 to $600 million.
West Fraser Timber Co. Ltd. (WFG) issued a statement addressing recent market speculation about potential transactions involving the company. While they have met with existing shareholder Kronospan and CVC Capital Partners, they confirmed that no proposals have been received and no discussions are ongoing. The company remains committed to its business strategy focused on enhancing shareholder value.
West Fraser operates over 60 facilities across Canada, the U.S., U.K., and Europe, producing a diverse range of wood products.
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