West Fraser published a corrected transcript of its Q2 2026 earnings call attended by the CEO, CFO, SVP Sales and Marketing, and other executives.
Adjusted EBITDA totaled USD 59 million on sales of about USD 1.4 billion; results included a USD 13 million favorable softwood lumber duty adjustment.
Liquidity stood near USD 1 billion; net debt fell USD 140 million to a 5% net debt-to-capital ratio; no share repurchases in Q2.
Operations and tariff commentary
Management flagged multi-layer transportation constraints in the US South, including trucking bankruptcies, fuel spikes and seasonal tightness; conditions recently eased somewhat.
Tariff analysis under Section 338 cited year-to-date US exports of 3% of Canadian plywood shipments and 20% of LVL; MDF is not directly subject.
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