Successful Execution of Strategic Priorities
Canfor successfully executed several strategic priorities, transforming the business structure by closing high-cost assets and investing in low-cost capacity, resulting in an improved operating cost base and enhanced geographic diversification.
Increased Lumber Prices and Improved Profitability
Lumber prices have steadily increased over the last several months, supporting improved profitability, particularly in Western Canada.
Strong Financial Performance in Pulp Business
Canfor Pulp generated solid financial results in Q4, supported by stable global pulp markets and strong performance in the paper business.
Improved Cost Structure and Geographic Diversification
The company has made changes to its operating platform and sales strategy to mitigate trade disputes impacts, with only 20% of sales exposed to duties or tariffs.
Strong Balance Sheet and Capital Allocation Strategy
Canfor enters 2025 with a strong balance sheet, allowing for continued evaluation of strategic growth opportunities and plans for opportunistic share repurchases.