WEST FRASER TIMBER (WFG) Company Report

West Fraser announced the indefinite curtailment of its High Level, Alberta oriented strand board (OSB) mill in the spring of 2026 due to a significant weakening of OSB demand, which is expected to reduce the company's capacity by 860 million square feet (3/8-inch).
The company also confirmed the indefinite idling of one production line at its Cordele, Georgia OSB facility since late 2023, representing 440 million square feet (3/8-inch) of capacity.
West Fraser anticipates recording an approximately $200 million asset impairment loss in the fourth quarter of 2025 in connection with the High Level OSB mill curtailment.
Approximately 190 employees at the High Level mill will be affected, with the company planning to mitigate the impact by offering work opportunities at other operations.

16 hours ago

West Fraser to Reduce OSB Capacity and Record Impairment Loss

WFG

Demand Weakening

Guidance Update

Layoffs

West Fraser announced it will indefinitely curtail its High Level, Alberta oriented strand board (OSB) mill in spring 2026 and continue the indefinite idling of one production line at its Cordele, Georgia OSB facility.
This decision stems from a significant weakening of OSB demand.
The combined actions are expected to reduce West Fraser's OSB capacity by 1.3 billion square feet (860 million from High Level and 440 million from Cordele).
The company anticipates recording an approximately $200 million asset impairment loss in the fourth quarter of 2025 in connection with the High Level OSB mill curtailment.
Approximately 190 employees at the High Level mill will be affected, with West Fraser aiming to mitigate the impact by offering work opportunities at other company operations.

17 hours ago

West Fraser announces permanent mill closures and capacity reduction

WFG

Demand Weakening

Layoffs

Guidance Update

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.
These closures will reduce the company's lumber capacity by a combined 300 million board feet (160 million from 100 Mile House and 140 million from Augusta) and impact approximately 295 employees.
The company also confirmed that the 2024 indefinite curtailment of its Huttig, Arkansas, and Lake Butler, Florida lumber mills is now permanent, with plans to dismantle and sell these sites.
West Fraser expects to record restructuring and impairment charges in the fourth quarter of 2025 related to these announcements.

Nov 6, 2025, 10:12 PM

West Fraser Announces Permanent Mill Closures and Capacity Reduction

WFG

Layoffs

Demand Weakening

Profit Warning

West Fraser Timber will permanently close its Augusta, Georgia, and 100 Mile House, British Columbia lumber mills by the end of 2025, resulting in a combined capacity reduction of 300 million board feet.
The company is also making the 2024 indefinite curtailment of its Huttig, Arkansas, and Lake Butler, Florida lumber mills permanent, with plans to dismantle and sell these sites.
These closures are attributed to factors such as timber supply challenges, soft lumber markets, challenging lumber demand, and the loss of economically viable residual outlets.
Approximately 165 employees at the 100 Mile House mill and 130 employees at the Augusta mill will be impacted.
West Fraser expects to record restructuring and impairment charges in the fourth quarter of 2025 due to these actions.

Nov 6, 2025, 10:01 PM

West Fraser Reports Q3 2025 Results with Negative Adjusted EBITDA

WFG

Earnings

Guidance Update

Demand Weakening

West Fraser posted -$144 million of adjusted EBITDA in the third quarter of 2025, which included a $67 million out-of-period duty expense related to the finalization of Administrative Review 6 (AR6).
The company's net cash balance decreased to $212 million in Q3 2025 from $310 million in the prior quarter, with cash flow from operations at $58 million.
West Fraser confirmed its 2025 capital expenditure guidance range of $400 million-$450 million and narrowed the top end of its 2025 shipment guidance for SPF and SYP due to continued demand softness.
New Section 232 tariffs of 10% on imported softwood timber and lumber into the U.S. came into effect on October 14, 2025, in addition to existing softwood lumber duties.
Despite the challenging quarter, West Fraser maintains a strong balance sheet with nearly $1.6 billion of available liquidity and an investment-grade rating, supporting its strategy to invest countercyclically and pursue opportunistic M&A.

Oct 23, 2025, 3:30 PM

Earnings Transcripts

Quarterly earnings call transcripts for WEST FRASER TIMBER.

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