Canfor Corporation Reports Q4 2024 Financial Results

Canfor Corp. ( (CFPZF) ) has released its Q4 earnings. Here is a breakdown of the information Canfor Corp. presented to its investors.

Canfor Corporation, a leading manufacturer of forest products, operates in the lumber, pulp, and paper industries with a diversified presence across Canada, the US, and Europe. In the fourth quarter of 2024, Canfor reported an operating loss of $46 million and a net loss of $63 million, despite a supply-driven uptick in North American lumber markets and improved results from its Western Canadian and US South operations. The company also completed the acquisition of an additional 7% stake in Vida and successfully started operations at new and modernized sawmills in the US. Key financial metrics showed a slight improvement in earnings, particularly in the lumber segment, due to increased North American lumber prices and favorable currency exchange rates. The pulp and paper segment also saw a modest uplift in results, although challenges in fiber availability in British Columbia persisted. Looking ahead, Canfor anticipates continued volatility in the global lumber market but remains optimistic about long-term fundamentals. The company is strategically positioned to navigate challenges, including tariffs and duties, by focusing on domestic markets and offshore opportunities.