Canfor Corporation Posted Huge Loss in Q2 2025
On the contrary, the European region reported solid earnings during the quarter.
SEATTLE (Scrap Monster): Vancouver, B.C.-based Canfor Corporation reported its second quarter 2025 results.
During the quarter, the business reported a $251 million operational loss and a $203 million shareholder net loss, or $1.71 per share. In the second quarter of this year, the adjusted operating loss increased from $32 million in the first quarter of 2025 to $51 million. The ongoing decline in lumber benchmark pricing has a significant effect on the North American operations. Conversely, during the quarter, the European region posted strong earnings.
The company was compelled to announce the permanent closure of its Estill and Darlington sawmills due to the persistently poor market circumstances in the U.S. South. According to a business news release, this led to a $189 million asset write-down and impairment charge as well as $7 million in restructuring expenses in the lumber segment. For the second quarter of 2025, the lumber segment's operational loss was $229.2 million, as opposed to $25.5 million for the previous quarter.
Susan Yurkovich, president and chief executive officer of Canfor, commented on the findings, saying that the harsh US softwood lumber penalties and the continuous uncertainty in the global economy and trade still present risks.
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