West Fraser reports higher second-quarter losses of US$61M, sales fall to US$1.43B
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VANCOUVER – West Fraser Timber Co. Ltd. reported a loss of US$61 million during the second quarter compared with a loss of US$24 million during the same period last year.
That amounted to a loss of 78 cents US per diluted share, compared with a loss of 38 cents US per diluted share during the prior-year quarter.
The Vancouver-based wood products company, which keeps its books in U.S. dollars, says its sales reached US$1.43 billion during the quarter, compared to sales of US$1.53 billion during last year’s second quarter.
Earlier in July, the U.S. government announced a plan to impose a 50 per cent tariff that would take effect on Aug. 19 on hundreds of categories of Canadian goods, including several varieties of plywood, paper and other wood-derived products.
West Fraser says it is continuing to monitor the scope and implementation of the tariffs and the effect on its business.
CEO Sean McLaren says the company remains constructive on the long-term outlook for residential construction supported by a housing supply deficit in the United States.
This report by The Canadian Press was first published July 29, 2026.
Companies in this story: (TSX:WFG)