West Fraser Q4 Sales Drop to $1.17B with $751M Loss and Major Restructuring Charges
West Fraser reported Q4 sales of $1.165 billion and a net loss of $751 million ($9.63 per share), with $712 million in restructuring and impairment charges. Adjusted EBITDA was negative $79 million, driven by lumber segment weakness and softwood duties.
1. Fourth Quarter Financial Results
West Fraser reported Q4 sales of $1.165 billion, down from $1.307 billion in the prior quarter, and a net loss of $751 million ($9.63 per share), reflecting $712 million in restructuring and impairment charges. Adjusted EBITDA improved to a negative $79 million from negative $144 million in Q3.
2. Segment Performance and Charges
The lumber segment recorded a $57 million Adjusted EBITDA loss excluding $473 million in charges, while North America Engineered Wood Products showed a $24 million loss excluding $239 million in charges. Pulp & Paper posted a $1 million loss and Europe EWP delivered $4 million in Adjusted EBITDA.
3. Liquidity, Capital Expenditure and Share Repurchases
Cash and short-term investments fell to $202 million from $641 million year-over-year as capital expenditures reached $139 million in Q4 and $411 million for the full year. The company repurchased 108,079 shares for $7 million in Q4 and 1.64 million shares for $124 million during the year.