The earnings call reflects significant challenges faced by West Fraser, including negative EBITDA, lower product prices, and new tariffs impacting costs. Despite these challenges, the company's strong balance sheet and strategic asset management position it well for future opportunities. However, the negative aspects weighed heavily on this quarter's performance.
Company Guidance
During West Fraser's third quarter 2025 conference call, the company provided key financial guidance and operational updates. The firm reported a negative $144 million in adjusted EBITDA due to an extended cycle trough, with a significant $67 million out-of-period duty expense related to Administrative Review 6 (AR6). The North American lumber segment saw a negative $123 million EBITDA, while the North America EWP and Pulp and Paper segments reported negative $15 million and $6 million EBITDA, respectively. The European business, however, generated $1 million in adjusted EBITDA. The company maintained a strong financial position with $1.6 billion in liquidity and a positive net cash balance of $212 million, despite $90 million in capital expenditures and $65 million allocated to share buybacks and dividends. West Fraser narrowed its 2025 shipments guidance for SPF and SYP while confirming a capital expenditure range of $400 million to $450 million. The company remains focused on managing its asset portfolio, emphasizing quality and resilience through the cycle, and continues to monitor macroeconomic conditions and trade policies closely.
Strong Balance Sheet
West Fraser exited Q3 2025 with nearly $1.6 billion of available liquidity and a positive net cash position, which supports the company's defensive capital allocation strategy.
Investment in High-Quality Assets
The company has divested less efficient mills and acquired high-quality lumber and OSB assets, enhancing strength at the bottom of the cycle.
Operational Improvements
Improved operating performance noted in Cariboo Pulp's daily output following maintenance.
West Fraser Timber Co (TSE:WFG) 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
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
Oct 22, 2025
C$93.76
C$92.08
-1.79%
Jul 23, 2025
C$102.22
C$96.37
-5.73%
Apr 22, 2025
C$102.02
C$100.44
-1.55%
Feb 12, 2025
C$118.19
C$112.75
-4.60%
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 Feb 17, 2026, After Close (Confirmed).
What is West Fraser Timber Co (TSE:WFG) earnings time?
West Fraser Timber Co (TSE:WFG) earnings time is at Feb 17, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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