Canfor Corporation (TSE:CFP)
TSX:CFP
Earnings Data
Report Date
May 06, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.7Last Year’s EPS
-0.32Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced view: management highlighted meaningful strategic actions (mill closures, geographic diversification, targeted capex, and solid corporate liquidity) and early signs of cost improvement in Sweden and improved pricing from industry downtime. However, near-term financial performance remains under pressure with Q4 adjusted EBITDA losses in both lumber (-$8M) and pulp (-$17M), a significant $250.6M European impairment, elevated duties and tariff-related cash pressures, elevated pulp inventories, and potential covenant risk for Canfor Pulp absent a corporate transaction. The company’s strong liquidity and strategic repositioning are positives that partially offset the operational and market headwinds.Company Guidance
Strategic transformation and asset rationalization
Canfor has undertaken a multi-year transformation to strengthen its operating platform: since 2023 the company closed 9 high-cost sawmills (including 2 in 2025) representing 2.3 billion board feet of capacity, while investing in new U.S. South facilities and expanding operations in Sweden to diversify assets and improve cost competitiveness.
CapEx guidance and disciplined spend
2026 total capital spend guidance of approximately $210 million, split as $175 million for lumber (≈83.3% of total) and $35 million for Canfor Pulp (≈16.7% of total). Management indicated roughly 40% of the capex budget is discretionary, with identified strategic projects (e.g., El Dorado, Urbana) expected to proceed.
Solid corporate liquidity and balance sheet flexibility
Canfor (excluding Canfor Pulp and a 2024 duty loan) ended the quarter with net debt of ~ $226 million and available liquidity of $1.2 billion, providing flexibility to manage market uncertainty and pursue strategic opportunities.
European lumber full-year contribution and operating improvements
European lumber generated adjusted EBITDA of $42 million for 2025. Management reports early improvements to the underlying cost structure in Sweden and expects constrained regional supply to support higher pricing into Q2.
North American market-driven pricing improvement
Industry-wide downtime in December contributed to stronger lumber pricing to start the year, particularly for Southern Yellow Pine, offering near-term pricing support amid volatile markets.
Corporate reorganization plan (Canfor / Canfor Pulp transaction)
Canfor entered an agreement to acquire all outstanding shares of Canfor Pulp not already owned by the company; the pending shareholder vote could simplify ownership and facilitate balance-sheet / covenant outcomes for Canfor Pulp.
TSE:CFP 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:CFP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 05, 2026 | C$13.58 | C$13.11 | -3.46% |
Nov 05, 2025 | C$12.17 | C$12.30 | +1.07% |
Jul 31, 2025 | C$13.58 | C$13.49 | -0.66% |
May 08, 2025 | C$13.50 | C$13.96 | +3.41% |
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 Canfor Corporation (TSE:CFP) report earnings?
Canfor Corporation (TSE:CFP) is schdueled to report earning on May 06, 2026, TBA (Confirmed).
What is Canfor Corporation (TSE:CFP) earnings time?
Canfor Corporation (TSE:CFP) earnings time is at May 06, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is TSE:CFP EPS forecast?
TSE:CFP EPS forecast for the fiscal quarter 2026 (Q1) is -0.7.