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Canfor Corp (CFP.TO)

CFP.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Canfor Responds To Great Pacific's Announcement Of Unsolicited Proposal To Take Canfor Private
Monday, 12 Aug 2019 

Aug 11 (Reuters) - Canfor Corp ::CANFOR RESPONDS TO GREAT PACIFIC CAPITAL CORP.'S ANNOUNCEMENT OF ITS UNSOLICITED PROPOSAL TO TAKE CANFOR PRIVATE.RECEIVED AN UNSOLICITED AND NON-BINDING PROPOSAL FROM GREAT PACIFIC CAPITAL CORP.CANFOR CAUTIONS ITS SHAREHOLDERS AND POTENTIAL INVESTORS THAT INDICATIVE OFFER IS NON-BINDING ON GREAT PACIFIC.THERE CAN BE NO CERTAINTY THAT INDICATIVE OFFER OR ANY OTHER STRATEGIC TRANSACTION WITH GREAT PACIFIC OR ANY OTHER PERSON WILL BE PURSUED BY CANFOR.BOARD HAS CONSTITUTED SPECIAL COMMITTEE OF INDEPENDENT DIRECTORS TO REVIEW INDICATIVE OFFER AND CONSIDER CO'S STRATEGIC ALTERNATIVES.  Full Article

Canfor Q2 Adjusted Loss Per Share C$0.10
Friday, 26 Jul 2019 

July 25 (Reuters) - Canfor Corp ::CANFOR REPORTS RESULTS FOR SECOND QUARTER OF 2019.Q2 ADJUSTED LOSS PER SHARE C$0.10.Q2 EARNINGS PER SHARE ESTIMATE C$-0.26 -- REFINITIV IBES DATA.QTRLY SALES $1,313.0 MILLION VERSUS $1,148.7 MILLION IN PRIOR QUARTER.Q2 REVENUE VIEW C$1.43 BILLION -- REFINITIV IBES DATA."EXPECT TO SEE A MODEST INCREASE IN PULP PRICES TOWARDS END OF 2019 AND INTO 2020 AS GLOBAL INVENTORY LEVELS COME BACK INTO BALANCE.".LOOKING AHEAD TO SECOND HALF OF 2019, DEMAND IN U.S. HOUSING SECTOR IS ANTICIPATED TO REMAIN STEADY.GIVEN HIGH COST OF FIBRE AND ONGOING WEAK LUMBER PRICES, ADDITIONAL CURTAILMENTS AND MILL CLOSURES IN BRITISH COLUMBIA ARE EXPECTED.LUMBER PRICES IN ASIA ARE ALSO EXPECTED TO IMPROVE AS INVENTORY LEVELS THROUGHOUT SUPPLY CHAIN STABILIZE.THROUGH BALANCE OF 2019, EUROPEAN SPF LUMBER PRICES ARE ANTICIPATED TO EXPERIENCE SOME PRICING PRESSURE.EUROPEAN LUMBER BUSINESS WILL TAKE ITS TRADITIONAL SEASONAL PRODUCTION DOWNTIME IN Q3 OF 2019.GLOBAL SOFTWOOD PULP MARKETS ARE PROJECTED TO REMAIN CHALLENGING THROUGH Q3 OF 2019.TOWARDS END OF 2019 AND INTO 2020, GLOBAL PULP INVENTORY LEVELS ARE FORECAST TO MOVE TOWARDS A MORE BALANCED RANGE.BLEACHED KRAFT PAPER DEMAND IS ANTICIPATED TO DECLINE SLIGHTLY THROUGH BALANCE OF YEAR..  Full Article

Interfor Enters Into Agreement To Acquire BC Interior Cutting Rights From Canfor
Tuesday, 4 Jun 2019 

June 3 (Reuters) - Interfor Corp ::INTERFOR ENTERS INTO AGREEMENT TO ACQUIRE BC INTERIOR CUTTING RIGHTS FROM CANFOR.INTERFOR TO FINANCE ACQUISITION FROM ITS AVAILABLE CASH BALANCE AND/OR BORROWINGS UNDER ITS EXISTING BANK CREDIT FACILITY.  Full Article

Canfor Announces Renewal Of Normal Course Issuer Bid
Tuesday, 5 Mar 2019 

March 4 (Reuters) - Canfor Corp ::CANFOR ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID.CANFOR CORP - UNDER NEW BID, COMPANY MAY PURCHASE FOR CANCELLATION UP TO 6.3 MILLION COMMON SHARES OF CO.CANFOR CORP - RENEWED NORMAL COURSE ISSUER BID WILL COMMENCE ON MARCH 7, 2019 AND CONTINUE UNTIL MARCH 6, 2020.  Full Article

Canfor Reports Results For 2018 And Fourth Quarter Of 2018
Friday, 22 Feb 2019 

Feb 21 (Reuters) - Canfor Corp ::CANFOR REPORTS RESULTS FOR 2018 AND FOURTH QUARTER OF 2018.Q4 SALES C$1.03 BILLION.QTRLY NET LOSS PER SHARE $0.42.QTRLY ADJUSTED NET LOSS PER SHARE C$0.23."U.S. HOUSING MARKET IS CURRENTLY FORECAST TO SHOW A MODEST RECOVERY THROUGH 2019"."NORTH AMERICAN LUMBER PRICES ARE ANTICIPATED TO IMPROVE THROUGH Q1 OF 2019"."FOR COMPANY'S KEY OFFSHORE LUMBER MARKETS, DEMAND IS ANTICIPATED TO REMAIN SOLID THROUGH Q1 OF 2019"."NOTWITHSTANDING HIGH INVENTORY LEVELS, GLOBAL SOFTWOOD KRAFT PULP MARKETS ARE PROJECTED TO BE STEADY THROUGH FIRST HALF OF 2019".CANFOR - "RESULTS THROUGH 2019 ARE ANTICIPATED TO BE IMPACTED BY CONTINUED LOG COST PRESSURE IN WESTERN CANADA"."BLEACHED KRAFT PAPER DEMAND IS EXPECTED TO REMAIN SOLID THROUGH Q1 OF 2019".  Full Article

Canfor To Acquire Elliott Sawmilling Co., Inc.
Saturday, 10 Nov 2018 

Nov 9 (Reuters) - Canfor Corp ::CANFOR TO ACQUIRE ELLIOTT SAWMILLING CO., INC..CANFOR CORP - DEAL FOR PURCHASE PRICE OF US$110 MILLION, WHICH INCLUDES NORMALIZED WORKING CAPITAL..CANFOR CORP - NASH ELLIOTT WILL CONTINUE AS GENERAL MANAGER AFTER TRANSACTION IS COMPLETED.CANFOR CORP - DEAL TO BE COMPLETED IN 2 PHASES WITH 49% BEING ACQUIRED ON CLOSING, 51% ONE YEAR LATER.  Full Article

Canfor Reports Results For Third Quarter Of 2018
Thursday, 25 Oct 2018 

Oct 24 (Reuters) - Canfor Corp ::CANFOR REPORTS RESULTS FOR THIRD QUARTER OF 2018.Q3 ADJUSTED EARNINGS PER SHARE C$1.23.Q3 EARNINGS PER SHARE VIEW C$0.72 -- THOMSON REUTERS I/B/E/S.Q3 SALES C$1.32 BILLION.QTRLY EARNINGS PER SHARE $0.98.  Full Article

Canfor Q2 Adjusted Earnings Per Share C$1.66
Thursday, 26 Jul 2018 

July 25 (Reuters) - Canfor Corp ::CANFOR REPORTS RESULTS FOR SECOND QUARTER OF 2018.Q2 ADJUSTED EARNINGS PER SHARE C$1.66.Q2 EARNINGS PER SHARE VIEW C$1.22 -- THOMSON REUTERS I/B/E/S.QTRLY SALES C$1,459.5 MILLION VERSUS C$1,159.6 MILLION.  Full Article

Canfor Corp Reports Qtrly sales C$1.23 bln
Wednesday, 25 Apr 2018 

April 24 (Reuters) - Canfor Corp ::CANFOR REPORTS RESULTS FOR FIRST QUARTER OF 2018.Q1 ADJUSTED EARNINGS PER SHARE C$1.13.Q1 EARNINGS PER SHARE VIEW C$0.88 -- THOMSON REUTERS I/B/E/S.SAYS QTRLY SALES C$1.23 BILLION VERSUS C$1.11 BILLION.  Full Article

Canfor reports Q3 adjusted earnings per share c$0.65
Saturday, 21 Oct 2017 

Oct 20 (Reuters) - Canfor Corp :Canfor reports results for third quarter of 2017.Q3 adjusted earnings per share c$0.65.Q3 earnings per share view c$0.37 -- Thomson Reuters I/B/E/S.Canfor Corp - qtrly ‍shr $0.51​.Canfor Corp - qtrly ‍sales $1.17 billion versus $1.10 billion.Canfor Corp - ‍on Oct 20 board approved c$160 million capital investment program focused on Canfor's US South Sawmill operations.Canfor Corp - capital investment program to increase production capacity in co's US South Sawmill operations​ by about 350 million board feet by end of 2019.  Full Article

Great Pacific offers to take Canfor Corp private at C$16 a share

Great Pacific Capital Corp has offered to take private Canadian integrated forest products company Canfor Corp at C$16 per share, or about C$2 billion ($1.51 billion) overall, payable in cash, it said on Sunday.