Canfor Q3 posts net loss on lower lumber shipment volumes
Canfor Q3 posts net loss on lower lumber shipment volumes
Overview
Canada forest products maker's Q3 revenue rose slightly yr/yr to C$1.28 bln
Company posted C$88 mln net loss and C$77 mln operating loss for Q3 2026
Adjusted EBITDA fell to C$98 mln from C$120 mln in prior qtr
Outlook
Company expects challenging market conditions to persist through year-end, with softer lumber demand
Canfor anticipates North American lumber markets will soften in Q4 2026 due to seasonal slowdown
Company expects global softwood kraft pulp market to remain subdued through year-end
Result Drivers
LOWER EUROPEAN SHIPMENTS - Co said lower lumber shipment volumes in Europe, due to regular summer downtime, weighed on results
HIGHER PULP AND PAPER OUTPUT - Increased pulp and paper production after prior maintenance downtime supported segment results
PAPER BUSINESS - Strong earnings from paper business contributed positively to pulp and paper segment
Company press release: ID:nGNX76Q9cK
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales |
| C$1.28 bln |
|
Q3 Net Loss |
| C$88.20 mln |
|
Q3 Loss Per Basic Share |
| C$0.75 |
|
Q3 Operating Income |
| -C$76.60 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "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 Corporation is C$17.00, about 13.5% above its November 3 closing price of C$14.98
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Nov 4 - Canada's Stella-Jones Q3 revenue misses estimates on asset impairment
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(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.)