West Fraser Earnings Topped $42 Million as Q1 Sales Recorded Surge
The North America Engineered Wood Products (NA-EWP also experienced transportation challenges early in 2025.
SEATTLE (Scrap Monster): West Fraser Timber Co. Ltd. reported results for the first quarter of the current year.
Sales in the first quarter of 2025 were $1.459 billion, up from $1.405 billion in the fourth quarter of 2024. In contrast to the fourth quarter of 2024, when the company lost $62 million, or $0.80 per diluted share, the quarterly earnings came to $42 million, or $0.46 per diluted share. Adjusted EBITDA for Q1 2025 was $195 million, up from $140 million in Q4 2024.
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Due to weather and transportation issues that have affected shipments, the lumber segment had a slower than anticipated start to the year. Early in 2025, the North America Engineered Wood Products (NA-EWP) also encountered transportation issues.
Regarding its prognosis, the business said that it anticipates difficult markets in Europe and the UK to continue in the foreseeable future. Longer-term growth in demand for European products is anticipated due to the growing usage of OSB as a plywood substitute.
West Fraser's lumber division recorded its greatest quarter in almost two years, according to Sean McLaren, president and CEO. By cutting expenses and increasing capital investments in mill modernizations, the company is dedicated to pursuing its long-term growth strategy, he continued.