Canada's West Fraser Timber Q1 sales rise

West Fraser Timber Co

29/04/2026 22:15

Overview

Canada wood products maker's Q1 sales rose yr/yr; net loss driven by duty adjustments

Adjusted EBITDA for Q1 was negative, weighed by $114 mln duty adjustment charge

Company saw improved commodity pricing and operational recovery at Blue Ridge mill

Outlook

West Fraser reiterates 2026 SPF and SYP lumber shipments target of 2.4-2.7 bln board feet

Company maintains 2026 North American OSB shipment target of 5.9-6.3 bln sq ft (3/8-inch basis)

Expected 2026 capital expenditures remain in the range of $300 mln to $350 mln

Result Drivers

DUTY ADJUSTMENTS - Q1 net loss and negative Adjusted EBITDA were driven by a $114 mln charge for duty adjustments related to prior periods

OPERATIONAL RECOVERY - Blue Ridge lumber mill returned to normal operating rates following a January fire, with no recordable injuries

SUPPLY ALIGNMENT - Completion of High Level, Alberta OSB mill wind-down to align supply with customer demand

Company press release: ID:nCNWJvvYLa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$1.33 bln
$1.30 bln (2 Analysts)
Q1 Adjusted EBITDA
-$66 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

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

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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.)