Canada's Conifex Q4 revenue falls 25% on lower shipment volumes

Conifex Timber

23/03/2026 12:14

Corrects headline and first bullet of Overview to show lumber revenue, not total revenue, fell 25%

Overview

Canada lumber and bioenergy producer's Q4 revenue drops 16% yr/yr, with lumber revenue falling 25% amid lower shipment volumes

Q4 net loss widened as elevated duty and tariff rates weighed on operating results

Company secured C$19 mln term loan after year-end to address liquidity challenges

Outlook

Conifex expects medium-term lumber demand to benefit from favorable US housing fundamentals

Company says near-term uncertainty persists due to trade measures and housing affordability challenges

Conifex may adjust operating format in response to market and trade conditions

Result Drivers

CURTAILMENTS AND REDUCED OPERATING RATES - Co said lower shipment volumes and production were due to curtailments and reduced operating rates in response to unfavorable market conditions and elevated duty and tariff rates

HIGHER UNIT COSTS - Co said increased log and conversion costs, combined with lower production volumes, led to higher unit manufacturing costs

INVENTORY WRITE-DOWN - Co recorded a C$1.8 mln non-cash inventory write-down in Q4

Company press release: ID:nGNX1M8MK0

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
C$26.10 mln
Q4 EPS
-C$0.28
Q4 Net Income
-C$11.40 mln
Q4 Basic EPS
-C$0.28
Q4 EBITDA
-C$12.60 mln
Q4 Operating Income
-C$15.90 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 185.7% above its March 20 closing price of C$0.14

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.)