West Fraser Timber Posted Net Loss in Q4 2024

SEATTLE (Scrap Monster):  Results for the fourth quarter of 2024 were released by West Fraser Timber Co. Ltd. During the quarter, the firm reported a net loss of $62 million, or 0.80 per diluted share. It also reported $1,405 billion in sales.

A press release from the corporation stated that the $140 million adjusted EBITDA represented roughly 10% of revenues. An adjusted EBITDA of $21 million was reported by the lumber business. During the quarter, the Europe EWP adjusted EBITDA was $2 million, while the North America Engineered Wood Products (EWP) segment EBITDA was $127 million. Additionally, West Fraser's Pulp and Paper division reported an adjusted EBITDA loss of $10 million.

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The business recorded $6,174 billion in sales and a $5 million loss, or $0.07 per diluted share, for the entire year 2024. Eleven percent of sales were reflected by the $673 million yearly adjusted EBITDA.

Our NA Engineered Wood Products business continued to be resilient in the fourth quarter of 2024, according to Sean McLaren, President and CEO of West Fraser. Additionally, the business saw a slight improvement in its lumber division. According to him, there will be sustained support for the medium- and long-term demand for new home construction in North America. According to McLaren, the company anticipates a comparatively mild market recovery in Europe and the UK.