Canada's Canfor reports Q4 operating loss due to lumber tariffs

Canfor

05/03/2026 23:11

Overview

Canada's forest products firm reported Q4 operating loss of C$415.9 mln due to market pressures

Adjusted operating loss for Q4 widened to C$145 mln from Q3

Lumber production rose 2% from Q3, aided by Hedin sawmills acquisition

Outlook

Canfor anticipates continued uncertainty in North American lumber markets through 2026

Offshore lumber market conditions in Asia forecast to remain subdued in Q1 2026

CPPI may experience continued declines in financial performance in Q1 2026

Result Drivers

LUMBER MARKET PRESSURE - Elevated US softwood lumber duties and tariffs contributed to weak demand and increased operating losses, according to CEO Susan Yurkovich

EUROPEAN OPERATIONS - Lumber production increased 2% from Q3, driven by full quarter contribution from Hedin sawmills in Europe

PULP MARKET CONDITIONS - Global softwood pulp markets remained flat due to high inventory levels, impacting pulp segment performance

Company press release: ID:nGNX3xWSmn

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
C$1.28 bln
Q4 Net Income
-C$390.5 mln
Q4 Basic EPS
-C$3.35
Q4 Operating Income
-C$415.9 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 14.1% above its March 5 closing price of C$13.58

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.)