The earnings call highlighted a strong balance sheet and improvements in the European segment, but faced significant declines in EBITDA across key segments, market challenges, and increased duties impacting financial results.

Company Guidance

During West Fraser's second quarter 2025 earnings call, the company provided guidance indicating ongoing challenges in their Lumber and North American Oriented Strand Board (OSB) segments due to softer-than-expected demand levels. This was attributed to ongoing issues with housing affordability and subdued repair and remodeling markets. The company revised its 2025 shipment guidance for SPF, SYP, and North American OSB, reflecting these market conditions. The call highlighted West Fraser's strong balance sheet, with $1.7 billion in available liquidity and a net cash balance of $310 million, which supports their capital allocation strategy. Despite the cyclical downturn, the company remains focused on cost control, optimizing its mill portfolio, and preparing for various trade-related scenarios, including potential tariffs and a Section 232 investigation into U.S. lumber imports. West Fraser's strategic capital investments aim to enhance operational resilience and position the company for future growth opportunities.

Strong Balance Sheet

West Fraser exited Q2 with nearly $1.7 billion of available liquidity and a strong cash position net of debt, reflecting a robust capital allocation strategy.

European Business Improvement

The European business posted $2 million of adjusted EBITDA in Q2, a sequential improvement from negative $2 million in Q1, linked to higher OSB pricing and shipments.

Cash Flow Increase

Cash flow from operations was $285 million in Q2, with net cash balance increasing to $310 million from $156 million in the prior quarter.

Credit Facility Extension

Successfully amended and extended a $1 billion credit facility and increased a term loan from $200 million to $300 million.

West Fraser Timber Co (TSE:WFG) Earnings, Revenues Date & History

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TSE:WFG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	-1.39 / -	-1.419	―	―	―
Jul 23, 2025	2025 (Q2)	0.13 / -0.52	1.654	-131.67% (-2.18)
Apr 22, 2025	2025 (Q1)	0.60 / 0.63	0.579	9.52% (+0.06)
Feb 12, 2025	2024 (Q4)	0.42 / -1.12	-2.577	56.52% (+1.46)
Oct 23, 2024	2024 (Q3)	-0.75 / -1.42	2.494	-156.91% (-3.91)
Jul 24, 2024	2024 (Q2)	1.58 / 1.65	-2.164	176.43% (+3.82)
Apr 23, 2024	2024 (Q1)	0.29 / 0.58	-0.717	180.77% (+1.30)
Feb 14, 2024	2023 (Q4)	-0.38 / -2.58	-1.557	-65.49% (-1.02)
Oct 25, 2023	2023 (Q3)	1.92 / 2.49	3.445	-27.60% (-0.95)
Jul 26, 2023	2023 (Q2)	0.06 / -2.16	10.46	-120.69% (-12.62)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:WFG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	C$102.70	C$96.82	-5.73%
Apr 22, 2025	C$102.50	C$100.90	-1.55%
Feb 12, 2025	C$118.74	C$113.27	-4.60%
Oct 23, 2024	C$129.25	C$130.86	+1.25%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.