The earnings call highlights significant improvements in financial performance, strategic debt reduction, and operational efficiency. However, challenges remain, particularly regarding increased softwood lumber duties and ongoing uncertainties in U.S. trade policy. Despite these challenges, the company maintains a strong balance sheet and is focused on strategic growth initiatives.

Company Guidance

During the Q1 2025 results call, Western Forest Products highlighted several key metrics reflecting improved financial performance and strategic progress. The company reported an adjusted EBITDA of $3.5 million, a significant improvement from the negative $4.2 million in the same period last year. This was driven by increased lumber shipments and prices, a stronger U.S. dollar exchange rate, and improved log prices and sales mix, despite facing higher softwood lumber duties and lower external log sales volume. Western also completed significant non-core asset sales, generating $76.5 million in gross proceeds, and extended the maturity of its $250 million credit facility to 2028. The company also reported improvements in inventory turnover rates, with log and lumber turnover ratios rising by 6% and 12%, respectively. Additionally, Western reduced its debt, ending the quarter with a net debt-to-capital ratio of 4%. The company's strategic CapEx plans for 2025 include expenditures of $60 million to $65 million, with $30 million allocated to completing two continuous kilns. Despite uncertainties in the U.S. trade policy and potential tariffs, Western emphasized its focus on maintaining a strong balance sheet and diversifying its market presence to mitigate risks.

Significantly Improved Financial Results

Q1 2025 adjusted EBITDA was $3.5 million, compared to negative $4.2 million in the same period last year, driven by higher lumber shipments and prices, stronger U.S. dollar exchange rates, and improved log prices and sales mix.

Debt Reduction and Credit Facility Extension

The company significantly reduced its debt, ending the quarter with a net debt-to-cap ratio of 4%, and extended its $250 million credit facility for three years to July 2028.

Successful Strategic Initiatives

Ratified a new six-year collective agreement with the USW, completed non-core asset sales for $76.5 million, and advanced site preparation for continuous dry kilns, with support from the BC Manufacturing Jobs Fund to reimburse up to $7.5 million of eligible expenses.

Operational Efficiency Improvements

Achieved 90% operational uptime at the Duke Point sawmill and above-target uptime of 99% for the first continuous kiln at the Saltair Sawmill.

Strong Sales and Marketing Performance

Wholesale lumber shipment growth of 28% year-over-year, with efforts to diversify the customer base and focus on strategic accounts.

Western Forest Prod (TSE:WEF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:WEF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	-1.60 / -	-1.8	―	―	―
Aug 07, 2025	2025 (Q2)	-0.76 / -1.62	-0.3	-440.00% (-1.32)	―	―
May 06, 2025	2025 (Q1)	-0.70 / 1.20	-0.6	300.00% (+1.80)	―	―
Feb 13, 2025	2024 (Q4)	-0.45 / 0.00	-1.2	―	―	―
Nov 06, 2024	2024 (Q3)	-1.65 / -1.80	-1.5	-20.00% (-0.30)	―	―
Jul 31, 2024	2024 (Q2)	-0.88 / -0.30	-2.1	85.71% (+1.80)	―	―
May 07, 2024	2024 (Q1)	-1.26 / -0.60	-1.5	60.00% (+0.90)	―	―
Feb 13, 2024	2023 (Q4)	-1.61 / -1.20	-2.1	42.86% (+0.90)	―	―
Nov 07, 2023	2023 (Q3)	-2.14 / -1.50	0.6	-350.00% (-2.10)	―	―
Aug 03, 2023	2023 (Q2)	-1.27 / -2.10	3.6	-158.33% (-5.70)	―	―

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:WEF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	C$12.68	C$12.38	-2.37%
May 06, 2025	C$12.60	C$12.75	+1.19%
Feb 13, 2025	C$12.75	C$14.10	+10.59%
Nov 06, 2024	C$14.70	C$13.80	-6.12%

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 Western Forest Prod (TSE:WEF) report earnings?

Western Forest Prod (TSE:WEF) is schdueled to report earning on Nov 06, 2025, TBA (Confirmed).

What is Western Forest Prod (TSE:WEF) earnings time?

Western Forest Prod (TSE:WEF) earnings time is at Nov 06, 2025, TBA (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:WEF EPS forecast?

TSE:WEF EPS forecast for the fiscal quarter 2025 (Q3) is -1.6.

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