West Fraser's Earnings Rise Amid Robust Wood Product Pricing; FVE Down to CAD 54 on Stronger Loonie
West Fraser reported strong second-quarter results, driving revenue 19% higher and more than doubling adjusted earnings year over year. Performance in the lumber, panel and pulp businesses remained solid during the quarter. In light of British Columbia's forest fires, we've trimmed our production forecast slightly for both the lumber and panel segments to account for temporary closures. In addition, due to a stronger Canadian dollar, we've reduced our fair value to account for smaller Canadian d...West Fraser Timber is an integrated wood products company producing lumber, newprint, wood chips, plywood, panels and pulp and paper products.
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