Lumber and pulp producer Canfor reports Q3 net loss, hurt by weak global lumber market conditions

Canfor

05/11/2025 23:13

Overview

Canfor Q3 2025 operating loss of C$208 mln, net loss of C$172 mln

Company reports sustained pressure on global lumber market conditions and pricing

Vida AB completed acquisition of AB Karl Hedin Sågverk and its 3 sawmills

Outlook

Canfor anticipates weak North American lumber markets through 2025 due to economic uncertainty

Company expects slight downward pressure in offshore lumber markets in Q4 2025

Canfor forecasts continued weak global softwood pulp market conditions in Q4 2025

Result Drivers

LUMBER MARKET PRESSURE - Weak global lumber market conditions and pricing, particularly in the US South, drove a decline in results

DUTY EXPENSES - Increased duty expenses related to US softwood lumber duties impacted financial results

PULP MARKET WEAKNESS - Depressed global pulp market fundamentals and weak demand, particularly in China, affected pulp and paper segment

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
C$1.26 bln
Q3 Net Income
-C$172.4 mln
Q3 Basic EPS
-C$1.48
Q3 Operating Income
-C$208.3 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and 1 "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$15.00, about 18.9% above its November 5 closing price of C$12.17

Press Release: ID:nCNWqH5rBa

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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.)