West Fraser Timber Co. Ltd. Q1 2026 Results

West Fraser Timber Co. Ltd. reported a net loss of $188 million for the first quarter of 2026, a significant decrease from a net income of $42 million in the same period of the previous year. Sales for the quarter were $1,334 million, down from $1,459 million in Q1 2025. The company experienced a substantial increase in export duty expenses, recording a $158 million charge in Q1 2026 compared to $23 million in Q1 2025. This increase is primarily due to non-cash charges related to updated preliminary CVD rates and adjustments to ADD assessment rates. The company also noted a temporary shutdown of its Blue Ridge, Alberta lumber mill due to a fire, which impacted production and shipment volumes. Despite these challenges, sales increased compared to the previous quarter (Q4 2025) due to higher product pricing and increased shipment volumes in certain segments. The company renewed its normal course issuer bid, allowing for the repurchase of up to 3,800,917 common shares.