West Fraser Timber Co. Ltd. ( (WFG) ) has released its Q4 earnings. Here is a breakdown of the information West Fraser Timber Co. Ltd. presented to its investors.
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West Fraser Timber Co. Ltd. is a diversified wood products company operating over 50 facilities across Canada, the United States, the United Kingdom, and Europe, known for promoting sustainable forest practices. The company recently reported its fourth-quarter results for 2024, revealing sales of $1.405 billion and a net loss of $62 million. Despite the loss, the North America Engineered Wood Products segment showed resilience with an Adjusted EBITDA of $127 million, while the lumber segment experienced modest improvements.
The main highlights of West Fraser’s financial performance include annual sales of $6.174 billion and a minimal annual loss of $5 million. The company achieved an annual Adjusted EBITDA of $673 million, reflecting an 11% margin on sales. During the year, West Fraser repurchased nearly 1.8 million shares for $144 million and maintained solid liquidity with capital expenditures amounting to $487 million.
Looking ahead, West Fraser’s management remains optimistic about the medium to long-term demand for its products, driven by trends in new home construction and industrial applications, despite challenges such as high mortgage rates and potential tariffs on Canadian exports. The company plans to continue optimizing its cost structure, modernizing its mills, and prudently returning excess capital to shareholders, ensuring a strong financial position to leverage future opportunities.
