Canada's Canfor Q1 sales fall amid weak demand

Canfor

06/05/2026 13:10

Overview

Canada forest products maker's Q1 sales fell yr/yr amid subdued global demand

Q1 net loss and operating loss narrowed from prior quarter on improved lumber pricing

Company acquired remaining shares of Canfor Pulp, now owns 100%

Outlook

Canfor expects global lumber markets to remain volatile due to trade disruptions and geopolitical uncertainty

Company forecasts North American lumber markets to soften later in Q2 2026 as supply increases

Canfor anticipates challenging global softwood pulp market conditions and subdued pricing in Q2 2026

Result Drivers

HIGHER LUMBER PRICES - Supply-driven uplift in North American lumber benchmark pricing contributed to improved results

HIGHER PRODUCTION VOLUMES - Increased production of Southern Yellow Pine and Western SPF supported segment performance

MODEST PULP PRICING UPTICK - Modest improvement in global softwood pulp pricing and 30% increase in pulp shipments aided pulp and paper segment

Company press release: ID:nGNX4NPz76

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
C$1.36 bln
Q1 Net Income
-C$72.10 mln
Q1 Basic EPS
-C$0.62
Q1 Operating Income
-C$72.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the forest & wood products peer group is "buy"

Wall Street's median 12-month price target for Canfor Corp is C$15.50, about 30.6% above its May 5 closing price of C$11.87

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)