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West Fraser Timber Co Ltd (WFT.TO)

WFT.TO on Toronto Stock Exchange

61.79CAD
30 Oct 2020
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$-1.67 (-2.63%)
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Latest Key Developments (Source: Significant Developments)

West Fraser Announces Third Quarter 2020 Results
Tuesday, 27 Oct 2020 

Oct 26 (Reuters) - West Fraser Timber Co Ltd ::WEST FRASER ANNOUNCES THIRD QUARTER 2020 RESULTS.Q3 SALES C$1.69 BILLION VERSUS REFINITIV IBES ESTIMATE OF C$1.65 BILLION.QTRLY EARNINGS PER SHARE $5.09.QTRLY ADJUSTED EARNINGS PER SHARE C$5.63.WEST FRASER TIMBER - RESTART OF HINTON PULP FACILITY FOLLOWING MAJOR MAINTENANCE SHUTDOWN WILL BE DELAYED.QUESNEL BCTMP MILL IS SCHEDULED FOR DOWNTIME FOR CAPITAL INSTALLATION IN Q4.DOWNTIME FOR CAPITAL INSTALLATION IN Q4 WILL RESULT IN ABOUT 11,000 LOST PRODUCTION TONNES.DELAY IN RESTART OF HINTON PULP FACILITY WILL RESULT IN Q4PRODUCTION TO BE IMPACTED BY 24,000 TONNES.ALL DOLLAR AMOUNTS EXPRESSED IN CANADIAN DOLLARS.  Full Article

West Fraser Announces First Quarter 2020 Results
Wednesday, 29 Apr 2020 

April 28 (Reuters) - West Fraser Timber Co Ltd ::WEST FRASER ANNOUNCES FIRST QUARTER 2020 RESULTS.Q1 SALES C$1.195 BILLION VERSUS REFINITIV IBES ESTIMATE OF C$1.2 BILLION.QTRLY ADJUSTED BASIC EPS $0.42.QTRLY BASIC EARNINGS PER SHARE $0.18.IMPACT OF ADJUSTMENTS ON Q1 PRODUCTION WAS A REDUCTION OF ABOUT 50 MMFBM FOR LUMBER AND 10 MMSF FOR PLYWOOD.Q1 EARNINGS PER SHARE VIEW C$-0.20 -- REFINITIV IBES DATA.EXPECT PRODUCTION TO CONTINUE TO BE NEGATIVELY AFFECTED OVER COMING MONTHS DUE TO COVID-19 IMPACT.WITHDRAWING PRODUCTION OUTLOOK FOR 2020 PROVIDED IN OUR 2019 ANNUAL MD&A.  Full Article

West Fraser Timber Reports Qtrly Loss Per Share $0.92
Friday, 19 Jul 2019 

July 18 (Reuters) - West Fraser Timber Co Ltd : :WEST FRASER ANNOUNCES SECOND QUARTER RESULTS.QTRLY ADJUSTED BASIC LOSS PER SHARE $0.25 .QTRLY LOSS PER SHARE $0.92.EXPECT OUR 2019 LUMBER PRODUCTION TO BE AT LEAST 600 MILLION BOARD FEET LOWER THAN 2018.QTRLY SALES $1.32 BILLION VERSUS $1.83 BILLION.EXPECT INDUSTRY PRODUCTION REDUCTIONS WILL HAVE A MORE SIGNIFICANT IMPACT ON LUMBER SUPPLY IN SECOND HALF OF 2019.LUMBER INVENTORIES REDUCED BY APPROXIMATELY 150 MILLION BOARD FEET DURING QUARTER.Q2 EARNINGS PER SHARE VIEW C$0.09, REVENUE VIEW C$1.37 BILLION -- REFINITIV IBES DATA.  Full Article

West Fraser says production curtailments expected to impact about 176 employees
Tuesday, 18 Jun 2019 

June 17 (Reuters) - West Fraser Timber Co Ltd ::WEST FRASER ANNOUNCES ADDITIONAL PERMANENT PRODUCTION REDUCTIONS IN BRITISH COLUMBIA.WEST FRASER TIMBER CO - ANNOUNCED INTENTION TO PERMANENTLY CLOSE ITS CHASM LUMBER MILL AND ELIMINATE THIRD SHIFT FROM ITS 100 MILE HOUSE LUMBER MILL.WEST FRASER TIMBER - PRODUCTION CURTAILMENTS AND CLOSURES ARE EXPECTED TO IMPACT ABOUT 176 EMPLOYEES AT CHASM AND ABOUT 34 EMPLOYEES AT 100 MILE HOUSE.WEST FRASER TIMBER CO LTD - LUMBER PRODUCTION IS ANTICIPATED TO BE PERMANENTLY REDUCED BY APPROXIMATELY 314 MILLION BOARD FEET.  Full Article

West Fraser Announces Temporary Production Curtailments In British Columbia
Tuesday, 15 Jan 2019 

Jan 14 (Reuters) - West Fraser Timber Co Ltd ::WEST FRASER ANNOUNCES TEMPORARY PRODUCTION CURTAILMENTS IN BRITISH COLUMBIA.WEST FRASER - TEMPORARY CURTAILMENTS OF APPROXIMATELY THREE WEEKS OF PRODUCTION THROUGHOUT Q1 OF 2019 AT EACH OF THREE BRITISH COLUMBIA SAWMILLS.WEST FRASER TIMBER CO LTD - TOTAL PRODUCTION CURTAILED IN Q1 OF YEAR IS EXPECTED TO REDUCE SPF LUMBER PRODUCTION BY APPROXIMATELY 50 MILLION BOARD FEET.WEST FRASER TIMBER CO LTD - WILLIAMS LAKE SAWMILL WILL BE SHUT DOWN FOR APPROXIMATELY A WEEK TO COMPLETE CERTAIN CAPITAL UPGRADES.WEST FRASER-TEMPORARILY REDUCING PRODUCTION AT BRITISH COLUMBIA AS RESULT OF PRICE DECLINES IN LUMBER MARKETS, HIGH LOG COSTS, LOG SUPPLY CONSTRAINTS.  Full Article