West Fraser Timber Reports Q3 Loss as Tariffs and Weak Housing Demand Bite
The company’s lumber segment adjusted EBITDA was $(123) million during the quarter.
SEATTLE (Scrap Monster): Vancouver, B.C.-headquartered West Fraser Timber Co. Ltd. posted its Q3 2025 financial results, reporting $1.307 billion in sales and a net loss of $204 million ($2.63 per diluted share), compared with a loss of $24 million ($0.38 per share) in Q2 2025. Adjusted EBITDA declined from $84 million in Q2 to a $144 million loss in Q3.
The Lumber segment accounted for the largest portion of the losses with $(123) million EBITDA, while North America Engineered Wood Products (NA EWP) recorded $(15) million. The Pulp & Paper and Europe Engineered Wood Products (Europe EWP) segments posted EBITDA of $(6) million and $1 million, respectively.
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Sean McLaren, President and CEO, highlighted that the company remains committed to its strategy despite challenging market conditions, including high tariffs and weakening housing demand. He emphasized that key trends supporting North American new home construction are expected to continue providing medium- to long-term demand for timber products.
Key Highlights:
Q3 sales: $1.307 billion, down from Q2’s $1.532 billion
Net loss widened to $204 million ($2.63 per share)
Lumber segment led losses with $(123) million EBITDA
Market pressures: high duties and soft housing demand
Company remains confident in medium- and long-term recovery trends
West Fraser’s results underscore the impact of trade policies and housing market slowdown on the North American timber industry while maintaining focus on long-term strategic growth.