VANCOUVER, BC, July 23, 2025 - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) reported today the second quarter results of 2025 ("Q2-25"). All dollar amounts in this news release are expressed in U.S. dollars unless noted otherwise.
Second Quarter Highlights
- Sales of $1.532 billion and earnings of $(24) million, or $(0.38) per diluted share
- Adjusted EBITDA1 of $84 million, representing 6% of sales
- Lumber segment Adjusted EBITDA1 of $15 million
- North America Engineered Wood Products ("NA EWP") segment Adjusted EBITDA1 of $68 million
- Pulp & Paper segment Adjusted EBITDA1 of $(1) million
- Europe Engineered Wood Products ("Europe EWP") segment Adjusted EBITDA1 of $2 million
- Renewed and extended $1 billion credit facility and increased and extended $300 million term loan
- Repurchased 448,001 shares for aggregate consideration of $33 million
- Released 2024 Sustainability Report
"Demand for many of our wood-based building products slowed in the second quarter as spring building activity fell short of our expectations. This was more acute in our NA EWP segment, which experienced further easing of demand as the quarter progressed, consistent with government data pointing to softer U.S. new home construction," said Sean McLaren, West Fraser's President and CEO.
"However, while uncertainty for wood building products demand persists given ongoing housing affordability challenges and the lingering prospects of higher lumber duties and tariffs on many of our products, it is important to note that we are taking action to ensure our operations are flexible, sized to meet the needs of our customers, and that they continue to be managed with a strong focus on controlling costs. Further, we continue to evaluate mill investments that upgrade our portfolio and generate returns above our cost of capital, all while maintaining strong liquidity and a balance sheet that allows us to pursue a balanced capital allocation strategy and opportunistic growth objectives should they meet our long-term strategy."
