Canada's Western Forest Products Inc Q3 revenue edges up

Western Forest Products

05/11/2026 21:55

Overview
Canada lumber producer's Q3 revenue rose slightly yr/yr
Adjusted EBITDA turned positive from a loss in Q3 last year
Company completed previously announced C$80 mln sale of Stillwater Forest Operation

Outlook
Cowichan Bay and Chemainus sawmills expected to remain curtailed for rest of 2026
Company anticipates 2026 capital expenditures of C$45 mln to C$50 mln
Company expects North American commodity lumber prices to improve in Q4 2026

Result Drivers
LUMBER PRICES AND LOG SHIPMENTS - Co said higher realized lumber prices and increased log shipments supported Q3 results, partially offset by lower lumber shipments
INSURANCE RECOVERY - Q3 results included C$7.7 mln business interruption insurance recovery from CVD sawmill
SAWMILL SITE SALE - Q3 results included gain from sale of CVD sawmill site

Company press release: ID:nGNX5vwj21

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
C$237 mln
C$222 mln (1 Analyst)
Q3 Loss Per Share
 
C$0.44
 
Q3 Net Loss
 
C$5.20 mln
 
Q3 Adjusted EBITDA
 
C$1.90 mln
 
Q3 Adjusted EBITDA Margin
 
1.00%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the forest & wood products peer group is "buy."
Wall Street's median 12-month price target for Western Forest Products Inc. is C$19.00, about 16.1% above its November 4 closing price of C$16.37

Reuters Recommended Reads
Nov 4 - Canfor Q3 posts net loss on lower lumber shipment volumes
Nov 3 - ADM lifts FY adjusted EPS profit outlook after Q3 beat
Nov 5 - US tariffs squeeze Canadian cabinet makers facing doubling of Trump duty 

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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.)