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RBC Sees Acquisition Opportunities for West Fraser (WFG) as Wood Products Market Weakens Further
Yahoo Finance· 2025-11-19 05:25
West Fraser Timber Co. Ltd. (NYSE:WFG) ranks among the best sustainability stocks to invest in. On October 24, RBC Capital reaffirmed its Outperform rating on West Fraser Timber Co. Ltd. (NYSE:WFG) but reduced its price target from $92 to $91. Best Lumber Stocks to Buy Photo by René Schubert on Unsplash This follows the company’s October 23 earnings results for the third-quarter of 2025, which showed significant losses amid difficult market conditions. In almost every indicator, West Fraser’s Q3 2025 fi ...
West Fraser Reduces Lumber Capacity
Prnewswire· 2025-11-06 22:01
Core Viewpoint - West Fraser Timber Co. Ltd. will permanently close its Augusta, Georgia and 100 Mile House, British Columbia lumber mills by the end of 2025 due to timber supply challenges and soft lumber markets [1][2][3] Group 1: Mill Closures - The 100 Mile House lumber mill is unable to access a sufficient volume of economically viable timber, leading to its closure, which will affect approximately 165 employees and reduce capacity by 160 million board feet [2] - The Augusta lumber mill's closure is attributed to challenging lumber demand and loss of economically viable residual outlets, impacting around 130 employees and reducing capacity by 140 million board feet [3] - The indefinite curtailment of the Huttig, Arkansas and Lake Butler, Florida mills will now be permanent, with plans for dismantling and site sales [4] Group 2: Strategic Positioning - The closures are intended to better position West Fraser to compete in a challenging market environment [5] - The company anticipates restructuring and impairment charges in the fourth quarter of 2025 related to these closures [5] Group 3: Company Overview - West Fraser is a diversified wood products company with over 50 facilities across Canada, the United States, the United Kingdom, and Europe, producing a variety of wood products [6]
Notice of Second Quarter Results Conference Call
Prnewswire· 2025-06-25 21:01
Core Viewpoint - West Fraser Timber Co. Ltd. is set to hold an analysts' conference call to discuss its second quarter 2025 financial and operating results on July 24, 2025 [1][2]. Group 1: Conference Call Details - The conference call will be chaired by Mr. Sean McLaren, President and Chief Executive Officer of West Fraser [2]. - Participants can join the call by dialing a toll-free number or through a webcast [1][2]. - The financial and operating results will be released on July 23, 2025, one day prior to the call [2]. Group 2: Company Overview - West Fraser is a diversified wood products company with over 50 facilities across Canada, the United States, the United Kingdom, and Europe [3]. - The company promotes sustainable forest practices and produces a variety of products including lumber, engineered wood products, pulp, and newsprint [3]. - West Fraser's products are utilized in home construction, repair and remodeling, as well as in industrial applications and paper products [3].
West Fraser Credit Facility and Term Loan Renewals Increase Liquidity
Prnewswire· 2025-06-02 10:59
Group 1 - West Fraser Timber Co. Ltd. has renewed its $1 billion credit facility and extended its maturity from July 2028 to May 2030 [1] - The company has increased its existing term loan from $200 million to $300 million, maturing in May 2028 [1] - The renewed credit facility is undrawn and available on similar terms as the previous facility [1] Group 2 - As of the end of Q1 2025, West Fraser had over $1.4 billion in available liquidity, enhancing its near-term financial flexibility [2] - The renewal and expansion of the credit facilities further strengthen the company's liquidity position [2] Group 3 - West Fraser is a diversified wood products company with over 50 facilities across Canada, the United States, the United Kingdom, and Europe [3] - The company produces a variety of products including lumber, engineered wood products, pulp, and newsprint, which are used in various applications such as home construction and industrial uses [3]
West Fraser Releases 2024 Sustainability Report
Prnewswire· 2025-05-22 21:01
Core Viewpoint - West Fraser Timber Co. Ltd. has released its 2024 Sustainability Report, highlighting its commitment to sustainability alongside solid financial performance, and detailing progress made towards environmental, social, and governance goals [1][2]. Sustainability Achievements - The report outlines key achievements for 2024, including a 22% reduction in scope 1 and 2 emissions compared to 2019 levels, and a 13% reduction in scope 3 emissions compared to 2020 levels, both on track to meet 2030 GHG reduction targets [5]. - Manufacturing operations were powered by 75% renewable energy, with all mills progressing on energy reduction road maps [5]. - The company invested $4.3 million through 800 partnerships, focusing on youth support and mental health improvements in rural areas [5]. Partnerships and Community Engagement - West Fraser signed an agreement with the Lake Babine Nation's forestry company to secure long-term fibre supply, recognizing the Nation's role as a resource steward, pending approval from the Government of British Columbia [5]. - The company promotes sustainable forest practices and responsible sourcing through its Sustainable Forest and Wood Procurement Policy, implemented in 2024 [5]. Company Overview - West Fraser is a diversified wood products company with over 50 facilities across Canada, the United States, the United Kingdom, and Europe, producing a range of products including lumber, engineered wood products, and pulp [3].