Canada's Conifex Q1 revenue falls on reduced operating days

Conifex Timber

15/05/2026 13:11

Overview

Canada lumber and bioenergy producer's Q1 revenue fell 52% yr/yr amid reduced operating days

Q1 net loss widened yr/yr as duty and tariff costs increased

Company to temporarily curtail sawmill operations for seven weeks starting May 19, 2026

Outlook

Company expects market conditions for Canadian softwood lumber to remain challenging through 2026

Company anticipates near-term demand for lumber to remain uneven amid affordability pressures

Trade uncertainty and potential changes in U.S. duty rates may impact future cash flows

Result Drivers

REDUCED OPERATING DAYS - Co said lumber production and shipments fell due to fewer operating days following a period of single-shift operations and transition back to two shifts

BIOENERGY OUTAGE - Power plant electricity production and revenue declined due to an unplanned outage in January, resulting in lower operating days and power generation

DUTY AND TARIFF COSTS - Higher duty and tariff rates on lumber exports to the US increased costs and reduced margins

Company press release: ID:nGNX6T75pJ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-C$0.23
Q1 Net Income
-C$9.40 mln
Q1 Basic EPS
-C$0.23
Q1 EBITDA
-C$7.70 mln
Q1 Operating Income
-C$9.80 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

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

Wall Street's median 12-month price target for Conifex Timber Inc is C$0.40, about 247.8% above its May 14 closing price of C$0.12

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.)