West Fraser Timber Co (TSE:WFG)
TSX:WFG
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.65Last Year’s EPS
-0.52Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a cautious but constructive tone: the company reported a meaningful sequential operational turnaround (underlying adjusted EBITDA of $48M excluding duty adjustments), improved segment performance, continued portfolio optimization and strong liquidity. However, material near-term headwinds remain—headline negative EBITDA driven by large noncash duty adjustments, a seasonal working-capital cash outflow, and rising resin and energy costs that are expected to pressure margins in Q2. Management emphasized balance-sheet strength and operational initiatives that position the company to navigate uncertainty while pausing share repurchases to preserve liquidity.Company Guidance
Sequential Turnaround and Underlying EBITDA
Reported adjusted EBITDA of negative $66M in Q1 2026 includes $114M of noncash prior-period duty adjustments; excluding those duties the underlying business generated $48M of adjusted EBITDA, a turnaround of over $120M versus Q4 2025.
Strong Segment Improvements
Lumber segment (excluding duties) produced positive $30M versus negative $57M in Q4 (an $87M improvement); North American engineered wood products delivered $11M versus negative $24M (a $35M improvement); Europe generated $10M versus $4M in Q4 (more than doubled and the highest European adjusted EBITDA since Q2 2023).
Solid Liquidity and Balance Sheet
Liquidity ended the quarter near $900M; net debt of $457M (impacted by seasonal working capital and two dividend payments) with net debt-to-capital remaining in single digits, supporting optionality for capital allocation.
Operational Progress and Portfolio Optimization
Completed curtailment/wind-down of high-level Alberta OSB production and are 4 months into ramp-up at Henderson lumber mill in Texas; over the past 5 years the company closed 5 mills and completed 2 brownfield modernizations to lower cost structure and improve competitiveness.
Lower Costs in U.S. South and Improved Shipments
Total cost per thousand board feet in the U.S. South has fallen by approximately 6% over the past two years; Southern Yellow Pine shipments were 4% higher in Q1 versus Q4 driven by seasonal improvement and better operating efficiencies.
Capital Projects Advancing
Bemidji heat energy and dryer project progressing (equipment largely delivered) and expected to improve throughput, safety, energy usage and emissions when complete; modernizations are being operationalized to capture benefits.
Duty Outlook May Improve
Management noted preliminary AR7 duty rates are poised to come down by approximately 6% later this year, which could reduce future duty-related headwinds.
TSE:WFG Earnings History
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 |
|---|---|---|---|
Apr 29, 2026 | C$86.28 | C$86.00 | -0.32% |
Feb 11, 2026 | C$101.04 | C$99.55 | -1.48% |
Oct 22, 2025 | C$92.79 | C$91.13 | -1.79% |
Jul 23, 2025 | C$101.17 | C$95.37 | -5.73% |
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.
FAQ
When does West Fraser Timber Co (TSE:WFG) report earnings?
West Fraser Timber Co (TSE:WFG) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is West Fraser Timber Co (TSE:WFG) earnings time?
West Fraser Timber Co (TSE:WFG) earnings time is at Jul 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:WFG EPS forecast?
TSE:WFG EPS forecast for the fiscal quarter 2026 (Q2) is -0.65.
