VANCOUVER, BC, Jan. 8, 2026 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX andNYSE: WFG) announced today that it will record an impairment of its Lumber segment goodwill in the fourth quarter of 2025 due to persistently challenging economic conditions. The Company is also providing initial 2026 guidance for key product shipments, operational costs and capital expenditures. In Q4-2025, West Fraser expects to record an approximately $409 million non-cash impairment of goodwi ...

Core Viewpoint - West Fraser Timber Co. Ltd. (NYSE:WFG) is recognized as a strong sustainability investment, despite facing significant financial losses in Q3 2025 due to challenging market conditions [1][2]. Financial Performance - The company's Q3 2025 earnings report indicated a substantial decline in financial metrics, with adjusted EBITDA margin dropping from 6% to -11% and sales decreasing from $1.532 billion in Q2 to $1.307 billion [2]. Market Position and Strategy - West Fraser's low-cost strategy, favorable softwood lumber duty rate, geographic diversification, and strong financial position are seen as advantages that will help the company navigate various market conditions through 2025 and 2026 [3]. - RBC Capital believes that West Fraser is well-positioned to potentially acquire premium assets if the market continues to decline [3]. Company Overview - West Fraser Timber Co. Ltd. is a diversified wood products company that produces a range of products including lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals [4].

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]

Core Points - DTE Energy is sponsoring the Innovation Challenge to promote recycling and upcycling of materials like wind turbine blades and wood chips, offering two prizes of $9,000 each [1][2] - The challenge aims to find scalable and practical solutions that minimize environmental impact, with applications open until October 29, 2025 [2] - The initiative is part of NextCycle Michigan, which supports the development of recycling and reuse projects, contributing to a circular economy in Michigan [3][4] Company Overview - DTE Energy is a diversified energy company based in Detroit, serving 2.3 million electric customers and 1.3 million natural gas customers in Michigan [5] - The company is focused on renewable energy generation, custom energy solutions, and has committed to aggressive carbon reduction goals [5] - DTE Energy's investments in utilities exceeded $1.8 billion in the first half of 2025, with a projected total investment of $4.4 billion for the year [8]

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].

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]

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].