What factors contributed to the company’s weaker performance?

The decline was mainly due to lower lumber shipments, reduced realized prices, and soft demand in the North American market.

What were the company’s sales figures for the quarter?

Net sales totaled $70.2 million, down approximately 17% from the previous quarter. The decline was mainly driven by lower shipment volumes and weaker realized lumber pricing across key markets.

How did cost management impact results?

The cost of sales fell about 6% to $75.6 million, primarily due to lower shipment volumes. However, the reduction was not enough to offset the decline in revenue, leading to a higher operating loss.

GreenFirst Forest Products Q3 Results Hit by Lower Sales, Weak Lumber Market

Rubber and Wood | 2025-11-12 11:04:53

The Q3 net sales stood at $70.2 million in Q3 2025, down by approximately 17% when compared with the prior quarter.

By Paul Ploumis

GreenFirst Forest Products Q3 Results Hit by Lower Sales, Weak Lumber Market

Summary

GreenFirst Forest Products reported a Q3 2025 net loss of $57.4 million, widening from the previous quarter’s $9.6 million loss.
Net sales fell 17% to $70.2 million, driven by lower shipments and weaker lumber prices.
The company expects gradual recovery as the North American housing market stabilizes, though short-term demand remains soft.

SEATTLE (Scrap Monster): GreenFirst Forest Products Inc. has reported a significantly wider loss for the third quarter ended September 27, 2025, reflecting lower lumber prices, weaker shipment volumes, and soft market conditions.

The company posted a net loss from continuing operations of $57.4 million, or $2.54 per diluted share, in Q3 2025. This compares to a net loss of $9.6 million, or $0.42 per diluted share, in the previous quarter. The company’s adjusted EBITDA from continuing operations was negative $47.2 million, versus negative $5.2 million in Q2 2025, highlighting the impact of challenging market dynamics.

Quarterly sales fell to $70.2 million, marking a 17% decline from Q2. The drop was primarily attributed to lower shipment volumes and weaker realized pricing during the quarter. Meanwhile, cost of sales came in at $75.6 million, down about 6% sequentially, driven mainly by reduced production and lower sales activity, according to the company’s statement.

GreenFirst Updates Strategic Capital Expenditure Plan

Looking ahead, GreenFirst expressed cautious optimism. The company said that North American housing activity—a key driver of lumber demand—is showing early signs of recovery after a period of volatility. A more stable macroeconomic environment could support stronger pricing and market balance in the coming months. However, the company warned that in the near term, muted lumber demand and tight inventory management by customers are likely to keep supply-side pressures elevated.

GreenFirst emphasized its continued focus on cost discipline, operational efficiency, and strategic market positioning as it navigates through the current cycle.

POLL

After GreenFirst’s weak Q3 2025 results, how do you see the company’s outlook for the coming quarters?

Positive — A recovering housing market and stable economy will boost lumber demand.

Neutral — Gradual improvement expected, but near-term challenges may limit gains.

Negative — Weak demand and supply pressures will continue to weigh on performance.

Frequently Asked Questions

What factors contributed to the company’s weaker performance?
The decline was mainly due to lower lumber shipments, reduced realized prices, and soft demand in the North American market.
What were the company’s sales figures for the quarter?
Net sales totaled $70.2 million, down approximately 17% from the previous quarter. The decline was mainly driven by lower shipment volumes and weaker realized lumber pricing across key markets.
How did cost management impact results?
The cost of sales fell about 6% to $75.6 million, primarily due to lower shipment volumes. However, the reduction was not enough to offset the decline in revenue, leading to a higher operating loss.