VANCOUVER, BC, Jan. 23, 2025 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX andNYSE: WFG) will hold an analysts' conference call to discuss fourth quarter 2024 financial and operating results on Thursday, February 13, 2025 at 8:30 a.m. Pacific Time/11:30 a.m. Eastern Time.To participate in the call, please dial:  1-888-510-2154 (Toll-free North America) or (437) 900-0527 (Toll number) or connect on the webcast.Please let the operator know you wish to participate in the West ...

West Fraser Timber Co. Ltd. (NYSE:WFG) Q3 2024 Results Conference Call October 24, 2024 11:30 AM ET Company Participants Sean McLaren - President & CEO Chris Virostek - CFO Matt Tobin - SVP, Sales & Marketing Conference Call Participants Ketan Mamtora - BMO Capital Sean Steuart - TD Cowen Ben Isaacson - Scotiabank Hamir Patel - CIBC Matthew McKellar - RBC Capital Markets Operator Good morning, ladies and gentlemen, and welcome to the West Fraser Q3 2024 Results Conference Call. [Operator Instructions] This ...

MANAGEMENT'S DISCUSSION & ANALYSIS INTRODUCTION This discussion and analysis by management ("MD&A") of West Fraser Timber Co. Ltd.'s ("West Fraser", the "Company", "we", "us", or "our") financial performance for the three and nine months ended September 27, 2024 should be read in conjunction with: (i) our unaudited condensed consolidated interim financial statements and accompanying notes for the three and nine months ended September 27, 2024 ("Interim Financial Statements"); (ii) our audited annual consoli ...

VANCOUVER, BC, Oct. 23, 2024 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX andNYSE: WFG) reported today the third quarter results of 2024 ("Q3-24"). All dollar amounts in this news release are expressed in U.S. dollars unless noted otherwise. Third Quarter Highlights  Sales of $1.437 billion and earnings of $(83) million, or $(1.03) per diluted share Adjusted EBITDA1 of $62 million, representing 4% of sales Lumber segment Adjusted EBITDA1 of $(62) million, including $32 mi ...

VANCOUVER, BC, Oct. 3, 2024 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX andNYSE: WFG) will hold an analysts' conference call to discuss third quarter 2024 financial and operating results on Thursday, October 24, 2024 at 8:30 a.m. Pacific Time/11:30 a.m. Eastern Time. To participate in the call, please dial: 1-888-510-2154 (Toll-free North America) or (437) 900-0527 (Toll number) or connect on the webcast. Please let the operator know you wish to participate in the West F ...

West Fraser Timber Co. Ltd. (WFG) announced the indefinite curtailment of its sawmill in Lake Butler, FL, by the end of this month. This move better aligns the company's lumber capacity in the United States with demand. Lake Butler Curtailment's Impact on West Fraser The Lake Butler Sawmill's indefinite curtailment will affect 130 employees. The company intends to mitigate the impact on affected employees by providing job opportunities at other mills. The halt will reduce West Fraser's US lumber capacity by ...

VANCOUVER, BC, Sept. 19, 2024 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX andNYSE: WFG) announced today that it will indefinitely curtail its sawmill in Lake Butler, Florida by the end of this month. Today's decision is the result of high fiber costs and soft lumber markets. The indefinite curtailment of Lake Butler Sawmill will impact approximately 130 employees and reduce West Fraser's U.S. lumber capacity by approximately 110 million board feet. West Fraser expects to ...

VANCOUVER, BC, Sept. 10, 2024 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX andNYSE: WFG) has declared a quarterly dividend of US$0.32 per share on the Common shares and Class B Common shares in the capital of the Company, payable on October 11, 2024 to shareholders of record on September 26, 2024. Dividends are designated to be eligible dividends pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial legislation pertaining to eligible d ...

Monty Rakusen West Fraser Timber Co. Ltd. (NYSE: WFG) is a wood products and lumber play focused on the US and Canadian markets, but also a small business in Europe. The story here is that they are quite scaled. They bought a company called Norbord some years ago, and their inorganic growth strategy has been pretty successful and their business' run-rate performances are improving on average compared to previous downcycles. They are pushing more, not less, lumber onto the US market despite the low levels of ...

Financial Data and Key Metrics - Adjusted EBITDA for Q2 2024 was $272 million, representing a 16% margin [36] - Trailing four-quarter adjusted EBITDA improved to $894 million, up from $703 million in Q1 and $561 million at year-end 2023 [41] - Cash flow from operations was $378 million in Q2, with a cash balance of $469 million, up from $174 million last quarter [62] - The company repurchased approximately 900,000 shares in Q2, nearly 25% of the shares available under the NCIB, and increased the quarterly dividend by 7% to $0.32 per share [63] Business Line Performance - North American EWP segment generated $308 million in adjusted EBITDA, up from $188 million in Q1 [42] - Pulp and paper segment posted $9 million in adjusted EBITDA, a significant improvement from negative $74 million in Q2 2023 [42] - Lumber segment reported an adjusted EBITDA loss of $51 million, compared to $10 million positive EBITDA in Q1 [60] - SYP shipments in the U.S. South are down approximately 10% year-to-date compared to 2023 [76] Market Performance - Weak demand for SYP lumber products continues, with muted repair and remodeling activity in the U.S. South [58] - OSB demand remains stable, supported by new home construction, but elevated mortgage rates are constraining existing home sales and repair/remodeling spending [58] - Log costs in the U.S. South are drifting lower, with a few percentage points decrease, though the market remains sticky [14] Strategic Direction and Industry Competition - The company is focused on ramping up production at the Allendale OSB mill, which is expected to become one of the lowest-cost OSB mills [50] - West Fraser has reduced SYP shipment guidance for 2024 to 2.5-2.7 billion board feet, down from 2.7-2.9 billion board feet, reflecting weak market conditions [69] - The company has closed or curtailed several high-cost mills, removing approximately 530 million board feet of capacity, and is shifting production to lower-cost mills [49][68] Management Commentary on Operating Environment and Outlook - Management expects continued soft demand for SYP lumber due to elevated mortgage rates and weak repair/remodeling activity [58] - Inflationary cost pressures have stabilized, and no meaningful upward cost pressures are expected for the remainder of the year [67] - The company remains optimistic about long-term demand for renewable wood products and is confident in its ability to execute on challenges and opportunities [70] Other Important Information - The company anticipates a $35 million duty expense adjustment in Q3 if preliminary administrative review rates are confirmed, increasing the combined cash deposit rate for duties to approximately 12% [43] - West Fraser released its 2023 sustainability report, highlighting progress on environmental, social, and governance goals [47][66] Q&A Session Summary Question: Repair and remodeling trends in Q2 - Demand was muted, with slower-than-expected buying patterns, particularly in the U.S. South [50] Question: SYP production and operating hours in H2 2024 - The company has reduced SYP shipment guidance to 2.5-2.7 billion board feet, reflecting a 200 million board feet reduction from prior guidance [82] - Operating hours and shifts have been adjusted to align with demand, with no material cost pressures expected in H2 [94] Question: OSB volume growth and unit cost impact - Volume growth in Q2 was driven by the ramp-up of Allendale and improved performance across legacy mills [79] - Unit cost gains in Q2 may be partially offset by reduced volumes in H2, but the impact is expected to be manageable [104] Question: CapEx and capital cost trends - The company is focused on completing ongoing projects like Henderson and has not yet committed to new large-scale projects [87][88] - Capital costs for brownfield expansions have seen some relief in steel costs, but overall costs remain stable [80]