Canfor Pulp Q3 sales miss expectations amid weak demand

Canfor Pulp Products

05/11/2025 23:10

Overview

Canfor Pulp Q3 sales miss analyst expectations amid global pulp market weakness

Company reports Q3 operating loss of C$16 mln, net loss of C$12 mln

Pulp production up 5% qtr/qtr, but demand remains weak

Outlook

Company expects weak pulp market conditions to persist in Q4 2025

Maintenance outage to reduce Q4 2025 pulp production by 10,000 tonnes

Management working to mitigate risk of financial covenant non-compliance

Result Drivers

GLOBAL PULP MARKET WEAKNESS - Co cites depressed global pulp market fundamentals and weak demand in China and North America as key factors for Q3 results

INVENTORY LEVELS - Elevated pulp producer inventories contributed to ongoing pricing declines, impacting Q3 results

PRODUCTION IMPROVEMENT - Pulp production increased by 5% qtr/qtr, partially offsetting negative market impacts

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
C$164.60 mln
C$167.80 mln (2 Analysts)
Q3 Net Loss
-C$12.40 mln
Q3 Adjusted Operating Loss
-C$7.20 mln
Q3 Basic Loss per Share
-C$0.19
Q3 Operating Loss
-C$16 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the paper products peer group is "buy."

Wall Street's median 12-month price target for Canfor Pulp Products Inc is C$0.73, about 46.2% above its November 5 closing price of C$0.39

Press Release: ID:nCNWPHjP0a

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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.)