West Fraser Timber Co.Ltd

Latest Results (17.11.2025):

West Fraser Timber Co. Ltd reported its Q2 2025 financial results, demonstrating a mixed performance amid challenging market conditions. The company recorded sales of $1.532 billion and a net loss of $24 million, or $(0.38) per diluted share, alongside an Adjusted EBITDA of $84 million, reflecting a competitive operating margin under evolving economic conditions and tariff impacts.

Sales & Earnings Performance

In Q2 2025, West Fraser Timber Co. Ltd achieved sales of $1.532 billion, an increase compared to the previous quarter, while reporting earnings of $(24) million, or $(0.38) per diluted share. This contrasts with Q1 2025 results, where the company reported earnings of $42 million, highlighting the revenue pressures and margin challenges in the quarter.

Adjusted EBITDA & Segment Breakdown

The company’s Adjusted EBITDA for Q2 2025 was $84 million, representing 6% of sales. Segment results showed $15 million from the Lumber segment, $68 million from the North America Engineered Wood Products (NA EWP) segment, a slight deficit of $(1) million from the Pulp & Paper segment, and a modest $2 million from the Europe EWP segment.

Liquidity, Capital Allocation & Share Repurchase

West Fraser Timber Co. Ltd renewed and extended its $1 billion credit facility and increased its $300 million term loan, reinforcing liquidity and capital structure. Additionally, the company repurchased 448,001 shares for $33 million and declared dividends, illustrating an active capital allocation strategy in a challenging market environment.

Operational Outlook & Challenges

Management noted that demand, particularly in the NA EWP segment, has softened due to slower spring building activity and trade uncertainties. The company is adjusting shipment targets and continues to focus on cost control, flexible operations, and selective mill investments to better align with market dynamics and secure long-term growth.