Canada's West Fraser Timber Q2 sales rise sequentially, output at Henderson sawmill more than double

West Fraser Timber

29/07/2026 22:13

Overview
Canada wood products maker's Q2 sales rose sequentially 
Adjusted EBITDA turned positive at $59 mln after a loss in Q1
Company ramped up Henderson, Texas sawmill and wound down High Level, Alberta OSB mill

Outlook
West Fraser reiterates 2026 SPF and SYP lumber shipment targets of 2.4-2.7 bln board feet
Company maintains 2026 North American OSB shipment target of 5.9-6.3 bln square feet
West Fraser expects 2026 capital expenditures to remain within $300 mln to $350 mln range

Result Drivers
HENDERSON SAWMILL RAMP-UP - Output at the new Henderson, Texas sawmill more than doubled versus Q1 and is now operating at levels equivalent to the mill it replaced
CANADIAN LUMBER PRODUCTION - Lumber production in Canada rose 13% as the Blue Ridge facility returned to normal operating rates
HIGHER INPUT COSTS - Resin and wax costs increased by $13 mln in Q2 versus Q1 due to higher oil prices, with transportation costs also rising, especially in the U.S. South

Company press release: ID:nPnxKzZna

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
$1.43 bln
$1.50 bln (2 Analysts)
Q2 Adjusted EBITDA
 
$59 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the forest & wood products peer group is "hold."

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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.)