West Fraser Timber Co (WFG)
NYSE:WFG
Earnings Data
Report Date
Apr 28, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-1.42Last Year’s EPS
0.46Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Negative
The call contained a mix of operational progress and harsh financial realities. Highlights include meaningful liquidity (> $1.2B), completed ramp-ups (Allendale OSB; Henderson lumber mill), sustained capital investment (~$1B over 4 years), portfolio optimization (1.1B board feet removed, ~16% capacity reduction), and sequential quarterly EBITDA improvement. However, these positives were overshadowed by a very weak 2025 financial performance: full-year adjusted EBITDA collapsed ~91.7% year-over-year to $56M; large noncash restructuring and impairment charges (~$712M) were recorded; Q4 cash flow was negative $172M; and the company moved from net cash to net debt quarter-over-quarter. Management emphasized running a lower-cost, optimized portfolio and a strong balance sheet to navigate the cycle, but the magnitude of the impairments and earnings decline dominates the near-term picture.Company Guidance
Sequential Improvement in Quarterly Adjusted EBITDA
Adjusted EBITDA improved quarter-over-quarter to negative $79 million in Q4 2025 from negative $144 million in Q3 2025, an improvement of $65 million (approximately a 45.1% reduction in the quarterly loss).
Segment-Level Sequential Gains
Lumber segment adjusted EBITDA improved to negative $57 million in Q4 from negative $123 million in Q3 (a $66 million improvement, ~53.7% reduction in the loss, noting Q3 included a $67 million out-of-period duty expense). Pulp & Paper improved to negative $1 million from negative $6 million, and Europe improved to $4 million from $1 million.
Operational Capacity Optimization and Modernization
Since 2022, West Fraser removed over 1.1 billion board feet of capacity (a ~16% reduction in lumber operating capacity) through closures and permanent reductions, while investing nearly $1.0 billion of capital in the lumber business over the last four years to modernize and lower costs.
New Mill Ramp-Ups and Commissioning
Completed ramp-up of the Allendale OSB mill (South Carolina) and completed/commissioned the Henderson lumber mill (Texas). Henderson is expected to become a low-cost asset as it reaches full operating rates.
Cost Reductions Driving Margin Recovery
Sequential EBITDA improvement was supported by reduced SPF log costs, lower Southern Yellow Pine manufacturing costs and lower OSB labor costs. Southern Yellow Pine shipments were 6% lower quarter-over-quarter while SYP unit manufacturing costs also declined.
Strong Liquidity Position
Total available liquidity exceeded $1.2 billion at year-end 2025, providing financial flexibility to support capital allocation and strategy through the cycle.
Capital Deployment and Shareholder Returns
Q4 capital expenditures totaled $139 million; the company has returned capital via dividends and share buybacks (Q4 cash deployed $32 million). Long-term shareholder performance: total annualized return approaching ~9% since 2006 (price appreciation + reinvested dividends).
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
WFG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $74.32 | $73.00 | -1.78% |
Oct 22, 2025 | $66.24 | $65.07 | -1.76% |
Jul 23, 2025 | $74.32 | $69.89 | -5.95% |
Apr 22, 2025 | $73.12 | $71.46 | -2.27% |
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 (WFG) report earnings?
West Fraser Timber Co (WFG) is schdueled to report earning on Apr 28, 2026, After Close (Confirmed).
What is West Fraser Timber Co (WFG) earnings time?
West Fraser Timber Co (WFG) earnings time is at Apr 28, 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 WFG EPS forecast?
WFG EPS forecast for the fiscal quarter 2026 (Q1) is -1.42.
