reports
Western Announces Second Quarter 2025 Results
Western Announces Second Quarter 2025 Results VANCOUVER, British Columbia, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported Adjusted EBITDA of $0.5 million in the second quarter of 2025, which included an inventory provision expense of $3.6 million related to price declines in certain lumber products. In comparison, the Company reported Adjusted EBITDA of $9.4 million in the second quarter of 2024, which included a $5.3 million inventory provision recovery, and Adjusted EBITDA of $3.5 million in the first quarter of 2025, whic...
Western Forest Products Inc. Announces Effective Date of Share Consoli...
Western Forest Products Inc. Announces Effective Date of Share Consolidation VANCOUVER, British Columbia, July 24, 2025 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that, further to its news release dated July 1, 2025, the effective date for the consolidation of the Company’s common shares on the basis of one (1) post-consolidation common share for every 30 pre-consolidation common shares (“Share Consolidation”) is July 24, 2025. The Toronto Stock Exchange (“TSX”) has approved the Share Consolidation, and the Company’s common sh...
Western Forest Products Inc. Announces Implementation of Share Consoli...
Western Forest Products Inc. Announces Implementation of Share Consolidation VANCOUVER, British Columbia, July 01, 2025 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that, further to the special resolution approved by the Company’s shareholders at the Company’s Annual General and Special Meeting held on May 7, 2025, the Board of Directors has determined to implement the consolidation of the Company’s common shares on the basis of one (1) post consolidation common share for every 30 pre-consolidation common shares (the “Share Conso...
Western Forest Products Inc. Announces Release Date of Second Quarter ...
Western Forest Products Inc. Announces Release Date of Second Quarter 2025 Results and Conference Call Details VANCOUVER, British Columbia, July 01, 2025 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) second quarter 2025 financial and operating results will be released on Thursday, August 7, 2025. Western will host its second quarter 2025 analyst conference call on Friday, August 8, 2025 at 9:00 a.m. PDT (12:00 p.m. EDT). Steven Hofer, President and Chief Executive Officer, Glen Nontell, Chief Financial Officer and Bruce Alexander, Senior Vi...
Western Forest Products Inc. Announces Fire Damages Columbia Vista Div...
Western Forest Products Inc. Announces Fire Damages Columbia Vista Division Sawmill VANCOUVER, British Columbia, June 30, 2025 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that the sawmill at its Columbia Vista Division, located in Vancouver, Washington, sustained extensive damage in a fire, rendering the mill inoperable. “On behalf of Western, I want to extend my sincere gratitude to the firefighters and first responders who attended the fire at our site,” said Steven Hofer, Western’s President and CEO. “While we are shocked ...
Western Forest Products Inc. Announces Results of Annual General and S...
Western Forest Products Inc. Announces Results of Annual General and Special Meeting of Shareholders VANCOUVER, British Columbia, May 07, 2025 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announces the following voting results in respect of its Annual General and Special Meeting of Shareholders (the “Meeting”) held today. Election of Directors Western’s shareholders voted today to re-elect the following directors to Western’s Board of Directors: Name of NomineeVotes For% ForVotes Against% AgainstLaura A. Cillis171,838,84082.50%36,442,27517.50%...
Western Announces First Quarter 2025 Results
Western Announces First Quarter 2025 Results VANCOUVER, British Columbia, May 06, 2025 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported improved financial results in the first quarter of 2025, as compared to the same period last year. Net income was $13.8 million in the first quarter of 2025, as compared to a net loss of $8.0 million in the first quarter of 2024, and a net loss of $1.2 million in the fourth quarter of 2024. Adjusted EBITDA was $3.5 million in the first quarter of 2025, as compared to negative $4.2 million in the first quart...
Western Forest Products Amends and Extends $250 Million Credit Facilit...
Western Forest Products Amends and Extends $250 Million Credit Facility VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today the amendment and extension of its current $250 million syndicated credit facility. The maturity date of the credit facility has been extended to July 21, 2028. The credit facility is subject to certain financial covenants and the security provided thereunder remains unchanged. A copy of the amended credit facility agreement will be filed under the Company’s profile on SEDA...
Western Forest Products Inc. to Seek Authorization for Share Consolida...
Western Forest Products Inc. to Seek Authorization for Share Consolidation at Upcoming Annual and Special Meeting of Shareholders VANCOUVER, British Columbia, April 07, 2025 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that it has issued a Notice of Annual and Special Meeting of Shareholders to be held on May 7, 2025 (the “Annual and Special Meeting”), in which shareholders will be asked to consider a special resolution authorizing an amendment to the Company’s articles of amalgamation to effect a share consolidation of the issue...
Western Forest Products Inc. Announces Release Date of First Quarter 2...
Western Forest Products Inc. Announces Release Date of First Quarter 2025 Results and Conference Call Details VANCOUVER, British Columbia, April 01, 2025 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) first quarter 2025 financial and operating results will be released on Tuesday, May 6, 2025. Western will host its first quarter 2025 analyst conference call on Wednesday, May 7, 2025 at 12:00 p.m. PDT (3:00 p.m. EDT). Steven Hofer, President and Chief Executive Officer, Glen Nontell, Chief Financial Officer and Bruce Alexander, Senior Vice Preside...
Western Announces Fourth Quarter and Fiscal 2024 Results
Western Announces Fourth Quarter and Fiscal 2024 Results VANCOUVER, British Columbia, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today improved fourth quarter and fiscal 2024 results compared to the same period last year. Adjusted EBITDA was $14.4 million in the fourth quarter of 2024, as compared to negative $1.2 million in the fourth quarter of 2023, and negative EBITDA of $10.7 million in the third quarter of 2024. Adjusted EBITDA was $8.9 million for fiscal 2024, as compared to negative $29.9 million in fiscal 2023...
Western Forest Products and Eastwood Forests, LLC Complete the Sale of...
Western Forest Products and Eastwood Forests, LLC Complete the Sale of Private Land on Northern Vancouver Island VANCOUVER, British Columbia, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) and Eastwood Forests, LLC (“Eastwood”) announced today that Western has completed the sale of approximately 14,500 hectares of fee simple land on northern Vancouver Island in British Columbia (“BC”), Canada to a Canadian affiliate of the Eastwood Climate Smart Forestry Fund I LP for $69.2 million. “Eastwood has a dedicated focus on delivering clim...
New Collective Agreement Ratified by United Steelworkers Employees
New Collective Agreement Ratified by United Steelworkers Employees VANCOUVER, British Columbia, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that its hourly employees represented by United Steelworkers Local 1- 1937 (“USW”) have voted to ratify a new collective agreement, replacing the collective agreement that expired on June 14, 2024. The new six-year collective agreement has a retroactive effective date of June 15, 2024, will expire June 14, 2030 and provides for the following general wage increases: Year 14%Yea...
Western Forest Products Inc. Announces Release Date of Fourth Quarter ...
Western Forest Products Inc. Announces Release Date of Fourth Quarter and Fiscal 2024 Results and Conference Call Details VANCOUVER, British Columbia, Dec. 31, 2024 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) fourth quarter and fiscal 2024 financial and operating results will be released on Thursday, February 13, 2025. Western will host its fourth quarter and fiscal 2024 analyst conference call on Friday, February 14, 2025 at 9:00 a.m. PST (12:00 p.m. EST). Steven Hofer, President and Chief Executive Officer, Glen Nontell, Chief Financial Off...
Western Forest Products and United Steelworkers Reach Tentative Collec...
Western Forest Products and United Steelworkers Reach Tentative Collective Agreement VANCOUVER, British Columbia, Nov. 28, 2024 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that the Company and the United Steelworkers Local 1-1937 (“USW”) have agreed to the terms of a tentative collective agreement. The USW represents approximately 1,000 Western employees. The tentative agreement is subject to a ratification vote by USW membership, which is expected to occur before the end of the year. The USW bargaining committee has advised th...
Western Announces Third Quarter 2024 Results
Western Announces Third Quarter 2024 Results VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported a net loss of $19.6 million in the third quarter of 2024, as compared to a net loss of $17.4 million in the third quarter of 2023, and a net loss of $5.7 million in the second quarter of 2024. Adjusted EBITDA was negative $10.7 million in the third quarter of 2024, which included $1.0 million in export tax recovery, as compared to negative $11.6 million in the third quarter of 2023, which included $...
Western Forest Products Inc. Announces Lumber Production Curtailments
Western Forest Products Inc. Announces Lumber Production Curtailments VANCOUVER, British Columbia, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that it plans to reduce lumber production in its British Columbia (B.C.) sawmills by approximately 30 million board feet during the period from October to December, 2024. For the full year of 2024, the Company estimates total lumber production will be reduced by approximately 90 million board feet, which includes approximately 30 million board feet in the third quarter of 20...
Western Forest Products Inc. Announces Release Date of Third Quarter 2...
Western Forest Products Inc. Announces Release Date of Third Quarter 2024 Results and Conference Call Details VANCOUVER, British Columbia, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) third quarter 2024 financial and operating results will be released on Wednesday, November 6, 2024. Western will host its third quarter 2024 analyst conference call on Thursday, November 7, 2024 at 9:00 a.m. PST (12:00 p.m. EST). Steven Hofer, President and Chief Executive Officer, Glen Nontell, Chief Financial Officer and Bruce Alexander, Senior Vi...
Western Announces Second Quarter 2024 Results
Western Announces Second Quarter 2024 Results VANCOUVER, British Columbia, July 31, 2024 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported a net loss of $5.7 million in the second quarter of 2024, as compared to a net loss of $20.7 million in the second quarter of 2023, and a net loss of $8.0 million in the first quarter of 2024. Adjusted EBITDA was $9.4 million in the second quarter of 2024, as compared to negative $12.0 million in the second quarter of 2023, and negative $4.2 million in the first quarter of 2024. (millions of Canadian dol...
Western Forest Products Amends and Extends $250 Million Credit Facilit...
Western Forest Products Amends and Extends $250 Million Credit Facility VANCOUVER, British Columbia, July 26, 2024 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today the amendment and extension of its current $250 million syndicated credit facility. The maturity date of the credit facility has been extended to July 21, 2026. The credit facility is subject to certain financial covenants and the security provided thereunder remains unchanged. A copy of the amended credit facility agreement will be filed under the Company’s profile on SED...
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