reports
Western Forest Products Announces Indefinite Curtailment of Alberni Pa...
Western Forest Products Announces Indefinite Curtailment of Alberni Pacific Division VANCOUVER, British Columbia, April 16, 2024 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX:WEF) (“Western” or the “Company”) today announced the indefinite curtailment of its Alberni Pacific Division (“APD”) facility, located in Port Alberni, B.C. The APD facility has been temporarily curtailed since fall 2022. In January 2023, the Company announced it would not restart APD in its current configuration and established a multi-party working group to explore viable industrial manufacturing solutions...
Western Forest Products Inc. Announces Release Date of First Quarter 2...
Western Forest Products Inc. Announces Release Date of First Quarter 2024 Results and Conference Call Details VANCOUVER, British Columbia, March 28, 2024 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) first quarter 2024 financial and operating results will be released on Tuesday, May 7, 2024. Western will host its first quarter 2024 analyst conference call on Wednesday, May 8, 2024 at 12:00 p.m. PDT (3:00 p.m. EDT). Steven Hofer, President and Chief Executive Officer, Stephen Williams, Executive Vice President and Chief Financial Officer, Bruce ...
Western Forest Products Completes Sale of Ownership Interest in Newly ...
Western Forest Products Completes Sale of Ownership Interest in Newly Formed Mid-Island Partnership VANCOUVER, British Columbia, March 28, 2024 (GLOBE NEWSWIRE) -- The Tlowitsis, We Wai Kai, Wei Wai Kum and K’ómoks First Nations (the “Nations,” all member First Nations of the Nanwakolas Council), and Western Forest Products Inc. (TSX: WEF) (“Western”) announced today the completion of the previously announced agreement for the Nations to acquire a 34% interest from Western in a newly formed Limited Partnership (the “Partnership”) for $35.9 million (the “Transaction”). The parties also ann...
Western Announces Fourth Quarter 2023 Results
Western Announces Fourth Quarter 2023 Results VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported a net loss of $14.3 million in the fourth quarter of 2023, as compared to a net loss of $17.4 million in the third quarter of 2023, and net loss of $21.4 million in the fourth quarter of 2022. Results in the fourth quarter of 2023 reflect lower realized pricing and shipment volumes on a stronger lumber sales mix, offset by lower stumpage rates as compared to the same period last year. Adjusted EBITDA wa...
Western Forest Products Inc. Announces Release Date of Fourth Quarter ...
Western Forest Products Inc. Announces Release Date of Fourth Quarter and Fiscal 2023 Results and Conference Call Details VANCOUVER, British Columbia, Dec. 29, 2023 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) fourth quarter and fiscal 2023 financial and operating results will be released on Tuesday, February 13, 2024. Western will host its fourth quarter and fiscal 2023 analyst conference call on Wednesday, February 14, 2024 at 9:00 a.m. PST (12:00 p.m. EST). Steven Hofer, President and Chief Executive Officer, Stephen Williams, Executive Vic...
Western Forest Products Inc: 1 director
A director at Western Forest Products Inc bought 300,000 shares at 0.668CAD and the significance rating of the trade was 76/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two...
Western Announces Third Quarter 2023 Results
Western Announces Third Quarter 2023 Results VANCOUVER, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported a net loss of $17.4 million in the third quarter of 2023, as compared to a net loss of $20.7 million in the second quarter of 2023, and net income of $6.6 million in the third quarter of 2022. Results in the third quarter of 2023 reflect more challenging macroeconomic conditions, resulting in lower product prices and reduced demand compared to the same period last year. We curtailed certain sawmill operati...
Landmark Forestry Agreement will Support Increased First Nations Parti...
Landmark Forestry Agreement will Support Increased First Nations Participation in a Stronger Vancouver Island Economy and Vision For the Future VICTORIA, British Columbia, Oct. 23, 2023 (GLOBE NEWSWIRE) -- The Tlowitsis, We Wai Kai, Wei Wai Kum and K’ómoks First Nations (the “Nations,” all member First Nations of the Nanwakolas Council), and Western Forest Products Inc. (TSX: WEF) (“Western”) have reached an agreement for the Nations to acquire a 34% interest from Western in a newly formed Limited Partnership (the “Partnership”) for $35.9 million (the “Agreement”). The Province of British...
Western Forest Products Inc. Announces Release Date of Third Quarter 2...
Western Forest Products Inc. Announces Release Date of Third Quarter 2023 Results and Conference Call Details VANCOUVER, British Columbia, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) third quarter 2023 financial and operating results will be released on Tuesday, November 7, 2023. Western will host its third quarter 2023 analyst conference call on Wednesday, November 8, 2023 at 9:00 a.m. PST (12:00 p.m. EST). Steven Hofer, President and Chief Executive Officer, Stephen Williams, Executive Vice President and Chief Financial Offic...
Western Forest Products Inc. Announces Renewal of Normal Course Issuer...
Western Forest Products Inc. Announces Renewal of Normal Course Issuer Bid VANCOUVER, British Columbia, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that it has received approval from the Toronto Stock Exchange ("TSX") to renew a normal course issuer bid ("NCIB") to purchase for cancellation up to 15,837,277 of its common shares, representing approximately 5% of the 316,745,557 common shares issued and outstanding as of August 3, 2023. The NCIB, which will begin on August 11, 2023 and end no later than August 10, 2...
Western Forest Products Inc. Confirms Record Date of Third Quarter 202...
Western Forest Products Inc. Confirms Record Date of Third Quarter 2023 Dividend VANCOUVER, British Columbia, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) is pleased to confirm that a quarterly dividend of $0.0125 per share will be paid with respect to the Company’s third fiscal quarter of 2023 to shareholders of record as at the close of business on Friday, August 25, 2023 and payable on Friday, September 15, 2023. The dividend will return a portion of the Company’s cash to shareholders, after taking into consideration the Compan...
Western Announces Second Quarter 2023 Results
Western Announces Second Quarter 2023 Results VANCOUVER, British Columbia, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported a net loss of $20.7 million in the second quarter of 2023 including $8.5 million in inventory provisions, as compared to a net loss of $17.7 million in the first quarter of 2023, and net income of $38.6 million in the second quarter of 2022. Results in the second quarter of 2023 reflect more challenging macroeconomic conditions, resulting in lower lumber prices and reduced demand compared to the same peri...
Western Forest Products Inc. Announces Release Date of Second Quarter ...
Western Forest Products Inc. Announces Release Date of Second Quarter 2023 Results and Conference Call Details VANCOUVER, British Columbia, June 30, 2023 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) second quarter 2023 financial and operating results will be released on Thursday, August 3, 2023. Western will host its second quarter 2023 analyst conference call on Friday, August 4, 2023 at 11:00 a.m. PDT (2:00 p.m. EDT). Steven Hofer, President and Chief Executive Officer, Stephen Williams, Executive Vice President and Chief Financial Officer a...
Western Forest Products Inc. Announces Temporary Production Curtailmen...
Western Forest Products Inc. Announces Temporary Production Curtailments in British Columbia VANCOUVER, British Columbia, June 12, 2023 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) today announced plans to temporarily reduce its lumber production over the next month by approximately 19 million board feet due to weak market conditions. The temporary reduction in lumber production will be spread across certain sawmills in the Company’s British Columbia manufacturing platform through the remainder of June and into early July. Remanufacturing and s...
Western Forest Products Inc. Announces Election of Directors
Western Forest Products Inc. Announces Election of Directors VANCOUVER, British Columbia, May 04, 2023 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announces the following voting results in respect of the election of directors at its Annual General Meeting of Shareholders (the “Meeting”) held today: Name of NomineeVotes For% ForVotes Against% AgainstLaura A. Cillis194,583,48697.94%4,093,4892.06%Steven Hofer196,937,55099.12%1,739,4250.88%Randy Krotowski196,921,55199.12%1,755,4240.88%Fiona Macfarlane175,660,75688.42%23,016,21911.58%Noordin Nanji19...
Western Forest Products Inc. Confirms Record Date of Second Quarter 20...
Western Forest Products Inc. Confirms Record Date of Second Quarter 2023 Dividend VANCOUVER, British Columbia, May 03, 2023 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) is pleased to confirm that a quarterly dividend of $0.0125 per share will be paid with respect to the Company’s second fiscal quarter of 2023 to shareholders of record as at the close of business on Friday, May 26, 2023 and payable on Friday, June 16, 2023. The dividend will return a portion of the Company’s cash to shareholders, after taking into consideration the Company’s liq...
Western Announces First Quarter 2023 Results
Western Announces First Quarter 2023 Results VANCOUVER, British Columbia, May 03, 2023 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported a net loss of $17.7 million in the first quarter of 2023, as compared to a net loss of $21.4 million in the fourth quarter of 2022, and net income of $38.0 million in the first quarter of 2022. Results in the first quarter of 2023 reflect more challenging macroeconomic conditions, resulting in lower lumber prices and reduced demand compared to the same period last year. Adjusted EBITDA was negative $5.0 mi...
Alberni Pacific Division Working Group Update
Alberni Pacific Division Working Group Update VANCOUVER, British Columbia, April 27, 2023 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX:WEF) (“Western” or the “Company”) today announced that the Company has concluded the 90-day Alberni-Pacific Division (“APD”) working group process and has commenced negotiations on proposals it has received. The Company previously announced it would not restart its APD facility in its current configuration and had established a multi-party working group to explore viable industrial manufacturing solutions for the site over a 90-day period. That p...
Western Forest Products Inc. Announces Release Date of First Quarter 2...
Western Forest Products Inc. Announces Release Date of First Quarter 2023 Results and Conference Call Details VANCOUVER, British Columbia. , March 31, 2023 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) first quarter 2023 financial and operating results will be released on Wednesday, May 3, 2023. Western will host its first quarter 2023 analyst conference call on Thursday, May 4, 2023 at 12:00 p.m. PDT (3:00 p.m. EDT). Steven Hofer, President and Chief Executive Officer, Stephen Williams, Executive Vice President and Chief Financial Officer and ...
Western Forest Products Inc. Confirms Record Date of First Quarter 202...
Western Forest Products Inc. Confirms Record Date of First Quarter 2023 Dividend VANCOUVER, British Columbia, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) is pleased to confirm that a quarterly dividend of $0.0125 per share will be paid with respect to the Company’s first fiscal quarter of 2023 to shareholders of record as at the close of business on Friday, February 24, 2023 and payable on Friday, March 17, 2023. The dividend will return a portion of the Company’s cash to shareholders, after taking into consideration the Company’...
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