Canada's Western Forest Q4 revenue declines, hurt by fall in lumber shipments

Western Forest Products

10/02/2026 22:40

Overview

Canada forest products firm's Q4 revenue declined yr/yr

Adjusted EBITDA for Q4 was negative, reflecting operational challenges

Company plans sawmill curtailments due to weak market conditions and strike

Outlook

Western Forest anticipates 2026 capital expenditure spending between C$45 and C$50 mln

Company expects operating curtailments at several sawmills in Q1 2026

Comapny sees continued weak lumber demand in early 2026

Result Drivers

LUMBER SHIPMENTS - Co reported a 26% decline in total lumber shipments yr/yr, with U.S. shipments down 64%

MARKET CONDITIONS - Weak market conditions and higher duties impacted results

PRODUCTION CURTAILMENTS - Co plans sawmill curtailments due to weak market conditions and log supply issues

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
C$201.90 mln
C$211 mln (1 Analyst)
Q4 EPS
-C$1.55
Q4 Net Income
-C$17.50 mln
Q4 Adjusted EBITDA
-C$6.20 mln
Q4 Adjusted EBITDA Margin
-3.00%


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$13.50, about 19.5% below its February 10 closing price of C$16.78

Press Release: ID:nGNX76bQhN

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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.)