Canada's Conifex Q2 loss widens on sawmill curtailment

Conifex Timber

14/08/2026 13:17

Overview
Canada lumber and bioenergy producer's Q2 revenue fell yr/yr amid sawmill curtailment
Q2 net loss widened yr/yr as production dropped due to temporary sawmill shutdown
Company secured C$6.4 mln in bridge financing after quarter-end to support liquidity

Outlook
Conifex expects challenging market conditions for Canadian softwood lumber through the rest of 2026
Company anticipates continued volatility in lumber pricing as supply adjusts to market conditions
Trade uncertainty remains significant with final USDOC duty review results expected in Q4 2026

Result Drivers
SAWMILL CURTAILMENT - Temporary shutdown of Mackenzie Mill starting in May 2026 led to a 35% sequential and 60% yr/yr drop in lumber production
INVENTORY DRAWDOWN - Shipments exceeded production as company drew down finished lumber inventories during the curtailment
POWER PLANT OUTAGE - Scheduled maintenance shutdown of Power Plant reduced electricity production and bioenergy revenue

Company press release: ID:nGNX7HnWrC

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Loss Per Share
 
C$0.23
 
Q2 Net Loss
 
C$9.50 mln
 
Q2 EBITDA
 
-C$6.30 mln
 
Q2 Loss Per Basic Share
 
C$0.23
 
Q2 Operating Income
 
-C$7.80 mln
 

Reuters Recommended Reads
Aug 12 - Canada's Western Forest Q2 revenue falls 17% on lower production, shipments
Aug 12 - Finland's Raute Q2 net sales fall 25% amid subdued investment activity
Aug 12 - Sweden's OrganoClick Q2 revenue hit by weak wood protection demand; cost cuts lift margins

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.)