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The latest announcement is out from West Fraser Timber Co ( (TSE:WFG) ).
West Fraser Timber Co. Ltd. announced its fourth quarter and full-year 2024 financial results, highlighting sales of $1.405 billion for the fourth quarter and a year-end total of $6.174 billion. The company reported a fourth quarter loss of $62 million, influenced by a non-cash impairment loss on European engineered wood products. Despite challenges, particularly in Europe, West Fraser saw resilience in its North American engineered wood products segment and modest improvements in its lumber segment. The outlook suggests stable demand supported by new home construction in North America, although high mortgage rates and potential U.S. tariffs on Canadian exports pose risks. The company plans significant capital investment and continues its strategy of optimizing costs and returning capital to shareholders.
More about West Fraser Timber Co
West Fraser Timber Co. Ltd. is a leading forest products company based in Vancouver, British Columbia, Canada. The company primarily focuses on producing lumber, engineered wood products, and pulp and paper. Its operations extend across North America and Europe, with a significant emphasis on the residential construction, repair, and remodeling market segments.
YTD Price Performance: -1.86%
Average Trading Volume: 149,572
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $6.9B
Find detailed analytics on WFG stock on TipRanks’ Stock Analysis page.
