West Fraser Announces Second Quarter 2026 Results

West Fraser Timber Co. Ltd. (“West Fraser” or the “Company”) (TSX and NYSE: WFG) reported today the second quarter results of 2026 (“Q2-26”). All dollar amounts in this news release are expressed in U.S. dollars unless noted otherwise.

Second Quarter Highlights

• Sales of $1.434 billion and earnings of $(61) million, or $(0.78) per diluted share
• Adjusted EBITDA¹ of $59 million, representing 4% of sales
• Lumber segment Adjusted EBITDA¹ of $41 million, including a $13 million favourable in-year duties adjustment
• North America Engineered Wood Products (“NA EWP”) segment Adjusted EBITDA¹ of $13 million
• Europe Engineered Wood Products (“Europe EWP”) segment Adjusted EBITDA¹ of $13 million
• Other Operating Segments Adjusted EBITDA of $(8) million, due largely to maintenance at our Cariboo pulp facility
• Continued ramp-up of Henderson, Texas sawmill, with production more than doubling versus the first quarter of 2026
• Completed the wind-down of operations at our High Level, Alberta OSB mill
• Generated $192 million of cash from operations and repaid $148 million of operating loans
• Declared a $0.32 per share dividend, payable in the third quarter
• Released 2025 Sustainability Report

“West Fraser’s second quarter results delivered continued progress against our business priorities supported by improved market conditions across most of our segments,” said Sean McLaren, West Fraser’s President and CEO. “Our new Henderson mill continues to ramp-up, with the mill more than doubling its output in the quarter and now operating at levels equivalent to the mill it replaced. We continue to make productivity and reliability gains in our U.S. Lumber operations. SYP Lumber production year to date in 2026 was similar to 2025, despite closing the Augusta sawmill in Q4-25. In Canada, lumber production in the quarter rose 13% as our Blue Ridge facility returned to normal operating rates. We also completed the wind-down of our High Level, Alberta OSB mill, a strategic decision that focuses our production in our most modern and efficient facilities, while Europe remained a bright spot as market conditions improved relative to last year. We were pleased to see all of our core segments – lumber, NA EWP, and Europe EWP – report positive Adjusted EBITDA¹.”

“We continue to focus on maintaining a strong balance sheet and being disciplined in controlling costs. This will position us to navigate the current environment and capitalize on an eventual recovery in demand. We remain constructive on the long-term outlook for residential construction, supported by an ongoing housing supply deficit in the U.S.”

Source: West Fraser