VANCOUVER, BC, Oct. 22, 2025 - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) reported today the third quarter results of 2025 ("Q3-25").
All dollar amounts in this news release are expressed in U.S. dollars unless noted otherwise.
Third Quarter Highlights
- Sales of $1.307 billion and earnings of $(204) million, or $(2.63) per diluted share
- Adjusted EBITDA1 of $(144) million, representing (11%) of sales
- Lumber segment Adjusted EBITDA1 of $(123) million, including $67 million of export duty expense attributable to the finalization of AR6
- North America Engineered Wood Products ("NA EWP") segment Adjusted EBITDA1 of $(15) million
- Pulp & Paper segment Adjusted EBITDA1 of $(6) million
- Europe Engineered Wood Products ("Europe EWP") segment Adjusted EBITDA1 of $1 million
- Repurchased 553,467 shares for aggregate consideration of $40 million
"There's no escaping that supply and demand imbalances persist for many of our wood-based building products in an environment where elevated mortgage rates continue to impact housing affordability. And this challenging backdrop has now been joined by increased duty rates and new Section 232 tariffs on Canadian softwood lumber," said Sean McLaren, West Fraser's President and CEO. "Despite these conditions and the resulting uncertainty faced by our industry, we remain steadfast in our strategy, taking appropriate action that will ensure our operations remain flexible and sized to meet the needs of our customers while also controlling costs. We continue to evaluate strategic investments that will make our Company stronger through the cycle and generate long-term shareholder value, even as we maintain robust liquidity and a balanced capital allocation strategy."
