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West Fraser Timber

WFG · Materials

Last earnings Oct 29, 2026

AI analysis

Q4 2026 · reported Oct 29, 2026

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

No extracted figures held

The event-summary record for this company carries no extracted figures, so the brief and charts cannot be drawn yet. The summary below and the held documents are the record for this event.

Guidance · company-stated

No guidance located in the held release

Outlook statement

“The amendments clarify the date of recognition and derecognition of certain financial assets and liabilities, with a new exception for some financial liabilities settled through electronic cash transfer systems, provide additional guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion, and introduce new disclosure requirements for financial instruments with contractual terms that can change cash flows (such as instruments with features linked to environment, social and governance targets) and for equity instruments designated at fair value through other comprehensive income (FVOCI).”

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

-8- Rights and restrictions of Common shares The Common shares and Class B Common shares are equal in all respects, including the right to dividends, rights upon dissolution or winding up and the right to vote, except that each Class B Common share may at any time be exchanged for one Common share.

Share repurchases On March 19, 2026, we renewed our normal course issuer bid ( 2026 NCIB ) allowing us to acquire up to 3,800,917 Common shares for cancellation from March 24, 2026 until the expiry of the bid on March 23, 2027.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

West Fraser Timber Q4 2026 results

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

-8- Rights and restrictions of Common shares The Common shares and Class B Common shares are equal in all respects, including the right to dividends, rights upon dissolution or winding up and the right to vote, except that each Class B Common share may at any time be exchanged for one Common share.

SEC original ↗West Fraser Timber — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Share repurchases On March 19, 2026, we renewed our normal course issuer bid ( 2026 NCIB ) allowing us to acquire up to 3,800,917 Common shares for cancellation from March 24, 2026 until the expiry of the bid on March 23, 2027.

SEC original ↗West Fraser Timber — Earnings release (6-K exhibit)EX-99Oct 29, 2026

For the three and nine months ended October 2, 2026, we repurchased no Common shares under our 2026 NCIB and 2025 NCIB programs.

SEC original ↗West Fraser Timber — Earnings release (6-K exhibit)EX-99Oct 29, 2026

For the three and nine months ended September 26, 2025, we repurchased for cancellation 553,467 and 1,531,128 Common shares, respectively, at an average price of $73.08 and $76.65 per share under our 2025 NCIB and 2024 NCIB programs.

SEC original ↗West Fraser Timber — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Operating loans and long-term debt Term Loan Renewal In September 2026, our existing $300 million term loan facility was refinanced through the issuance of a new $500 million term loan facility.

SEC original ↗West Fraser Timber — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Under the new credit agreement, the new term loan facility matures September 2029, and is under substantially the same terms and conditions as our previous term loan facility.

SEC original ↗West Fraser Timber — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Strategy & priorities

administration issued a proclamation that imposed a tariff of 10% under Section 232 of the Trade Expansion Act of 1962 on imported softwood timber and lumber into the U.

SEC original ↗West Fraser Timber — Earnings release (6-K exhibit)EX-99Oct 29, 2026

OUR BUSINESS AND STRATEGY West Fraser is a diversified wood products company with facilities in Canada, the United States, the United Kingdom, and Europe, manufacturing, marketing, selling, and distributing lumber, engineered wood products (OSB, LVL, MDF, plywood, particleboard), northern bleached softwood kraft pulp, paper, wood chips and other residuals.

SEC original ↗West Fraser Timber — Earnings release (6-K exhibit)EX-99Oct 29, 2026

We believe that maintaining a strong balance sheet and liquidity profile, along with our investment-grade issuer rating, enables us to execute a balanced capital allocation strategy.

SEC original ↗West Fraser Timber — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Our goal is to optimize our portfolio of assets as well as reinvest in our operations across all market cycles to strategically enhance productivity, product mix, and capacity and to maintain a leading cost position.

SEC original ↗West Fraser Timber — Earnings release (6-K exhibit)EX-99Oct 29, 2026

We believe that a strong balance sheet also provides the financial flexibility to capitalize on growth opportunities, including the pursuit of opportunistic acquisitions and larger-scale strategic growth initiatives, and is a key tool in managing our business over the long term including returning capital to shareholders.

SEC original ↗West Fraser Timber — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Risks & headwinds

Represents the Section 232 tariffs of 10% on softwood timber and lumber we import from Canada to the U.

SEC original ↗West Fraser Timber — Earnings release (6-K exhibit)EX-99Oct 29, 2026

effective October 14, 2025 onwards, Section 338 tariffs of 50% on certain panel products effective August 22, 2026 onwards, net of $1 million in IEEPA tariff refunds received in Q2-26.

SEC original ↗West Fraser Timber — Earnings release (6-K exhibit)EX-99Oct 29, 2026

2025 amounts represent the IEEPA tariffs of 25% on our wood products imported into the U.

SEC original ↗West Fraser Timber — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Tariffs Canadian softwood lumber exports to the U.

SEC original ↗West Fraser Timber — Earnings release (6-K exhibit)EX-99Oct 29, 2026

administration, under the International Emergency Economic Powers Act ( IEEPA ), implemented an additive 25% tariff on all goods imported into the U.

SEC original ↗West Fraser Timber — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Our wood products were subject to the IEEPA tariffs for a two-day period from March 4, 2025 to March 6, 2025.

SEC original ↗West Fraser Timber — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Documents

Earnings deck slides

6 decks with slide view

West Fraser Timber — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Slide history — recurring slides by stated title

Slides are matched across this company’s decks by their stated title only; a title listed here appeared in more than one held deck.

West Fraser Timber Co. Ltd. — Apr 29, 2026 · slide 43 · Apr 29, 2026 · slide 55 · Jul 29, 2026 · slide 44 · Jul 29, 2026 · slide 56 · Oct 28, 2026 · slide 46

2025 Sustainability Highlights — Apr 22, 2026 · slide 27 · Apr 29, 2026 · slide 41 · Jul 29, 2026 · slide 41

Capital Allocation Lookback — Apr 22, 2026 · slide 22 · Apr 29, 2026 · slide 29 · Jul 29, 2026 · slide 29

Capital Allocation Priorities — Apr 22, 2026 · slide 21 · Apr 29, 2026 · slide 28 · Jul 29, 2026 · slide 28

Developments in CVD and ADD rates — Apr 29, 2026 · slide 18 · Jul 29, 2026 · slide 18 · Oct 28, 2026 · slide 19

Effective dates for ADD — Apr 29, 2026 · slide 19 · Jul 29, 2026 · slide 59 · Oct 28, 2026 · slide 61

Forward-Looking Statements — Apr 29, 2026 · slide 5 · Jul 29, 2026 · slide 5 · Oct 28, 2026 · slide 42

Historic Adjusted EBITDA — Apr 22, 2026 · slide 8 · Apr 29, 2026 · slide 18 · Jul 29, 2026 · slide 18

Liquidity ($millions) — Apr 22, 2026 · slide 23 · Apr 29, 2026 · slide 32 · Jul 29, 2026 · slide 32

LIQUIDITY AND CAPITAL RESOURCES — Apr 29, 2026 · slide 28 · Jul 29, 2026 · slide 28 · Oct 28, 2026 · slide 30

MANAGEMENT’S DISCUSSION & ANALYSIS — Apr 29, 2026 · slide 10 · Jul 29, 2026 · slide 10 · Oct 28, 2026 · slide 11

News Release — Apr 29, 2026 · slide 1 · Jul 29, 2026 · slide 1 · Oct 28, 2026 · slide 1

Operating Activities — Apr 29, 2026 · slide 33 · Jul 29, 2026 · slide 32 · Oct 28, 2026 · slide 34

Operating Footprint on Two Continents — Apr 22, 2026 · slide 14 · Apr 29, 2026 · slide 15 · Jul 29, 2026 · slide 15

Outlook — Apr 29, 2026 · slide 3 · Jul 29, 2026 · slide 3 · Oct 28, 2026 · slide 3

OUTLOOK AND OPERATIONS — Apr 29, 2026 · slide 26 · Jul 29, 2026 · slide 25 · Oct 28, 2026 · slide 27

Performance vs. Peers and Relevant Indices — Apr 22, 2026 · slide 29 · Apr 29, 2026 · slide 44 · Jul 29, 2026 · slide 45

Product & Geographic Diversification – Capacity — Apr 22, 2026 · slide 12 · Apr 29, 2026 · slide 13 · Jul 29, 2026 · slide 13

RECENT DEVELOPMENTS — Apr 29, 2026 · slide 11 · Jul 29, 2026 · slide 11 · Oct 28, 2026 · slide 12

The following table outlines the composition of the measure. — Apr 29, 2026 · slide 37 · Jul 29, 2026 · slide 38 · Oct 28, 2026 · slide 40

U.S. Housing Start Estimates (Thousands) — Apr 22, 2026 · slide 16 · Apr 29, 2026 · slide 20 · Jul 29, 2026 · slide 20

U.S. Leading Indicator of Remodeling (R&R) Activity — Apr 22, 2026 · slide 17 · Apr 29, 2026 · slide 22 · Jul 29, 2026 · slide 22

West Fraser’s Growth Strategy — Apr 22, 2026 · slide 25 · Apr 29, 2026 · slide 34 · Jul 29, 2026 · slide 34

Wide-ranging Wood Building Products Offering for Principal — Apr 22, 2026 · slide 13 · Apr 29, 2026 · slide 14 · Jul 29, 2026 · slide 14

www.sec.gov/edgar under the Company’s profile. — Apr 29, 2026 · slide 4 · Jul 29, 2026 · slide 4 · Oct 28, 2026 · slide 4

15. Financial instruments — Jul 29, 2026 · slide 54 · Oct 28, 2026 · slide 56

16. Segment and geographical information — Jul 29, 2026 · slide 55 · Oct 28, 2026 · slide 57

17. Export duties, net, and tariffs — Jul 29, 2026 · slide 57 · Oct 28, 2026 · slide 59

18. Contingencies — Jul 29, 2026 · slide 61 · Oct 28, 2026 · slide 63

2026 Outlook — Apr 29, 2026 · slide 8 · Jul 29, 2026 · slide 8

Accounting standards issued but not yet applied — Jul 29, 2026 · slide 49 · Oct 28, 2026 · slide 51

Adjusted EBITDA and Adjusted EBITDA by segment — Apr 29, 2026 · slide 8 · Jul 29, 2026 · slide 8

Allocator of — Apr 29, 2026 · slide 27 · Jul 29, 2026 · slide 27

Analyst Commodity Price Forecasts (SPF & SYP US$/Mfbm; OSB US$/Msf) — Apr 29, 2026 · slide 51 · Jul 29, 2026 · slide 52

Analyst Coverage — Apr 29, 2026 · slide 50 · Jul 29, 2026 · slide 51

and Expertise to — Apr 29, 2026 · slide 33 · Jul 29, 2026 · slide 33

Appendix — Apr 29, 2026 · slide 45 · Jul 29, 2026 · slide 46

Broad Offering of Manufactured Wood Building Products — Apr 29, 2026 · slide 46 · Jul 29, 2026 · slide 47

Cash Flow — Apr 29, 2026 · slide 32 · Jul 29, 2026 · slide 31

Consolidated Financial Results — Apr 29, 2026 · slide 5 · Jul 29, 2026 · slide 5

Continuous Improvement Through Portfolio Evolution and — Apr 29, 2026 · slide 35 · Jul 29, 2026 · slide 35

Discussion & Analysis by Product Segment — Apr 29, 2026 · slide 14 · Jul 29, 2026 · slide 14

Discussion & Analysis of Specific Items — Jul 29, 2026 · slide 23 · Oct 28, 2026 · slide 25

Diverse Industry End-Use Demand with Majority Driven by — Apr 29, 2026 · slide 16 · Jul 29, 2026 · slide 16

Earnings — Apr 29, 2026 · slide 4 · Jul 29, 2026 · slide 4

Export duty deposits receivable is represented by: — Jul 29, 2026 · slide 60 · Oct 28, 2026 · slide 62

Financial Instruments — Jul 29, 2026 · slide 30 · Oct 28, 2026 · slide 32

financial measures are intended to provide additional information and should not be considered in isolation or as a — Apr 29, 2026 · slide 35 · Jul 29, 2026 · slide 35

forecasted cash flows. Refinancing risks are managed by extending maturities through regular renewals and refinancing — Jul 29, 2026 · slide 29 · Oct 28, 2026 · slide 31

Geographic — Apr 29, 2026 · slide 12 · Jul 29, 2026 · slide 12

Glossary of Key Terms — Apr 29, 2026 · slide 38 · Oct 28, 2026 · slide 41

Illustrative Ecosystem of U.S. South Lumber Mill — Apr 29, 2026 · slide 23 · Jul 29, 2026 · slide 23

Illustrative Variable Production Costs for North American — Apr 29, 2026 · slide 53 · Jul 29, 2026 · slide 54

INVESTOR — Apr 29, 2026 · slide 1 · Jul 29, 2026 · slide 1

Longer-term — Apr 29, 2026 · slide 19 · Jul 29, 2026 · slide 19

Lookback on West Fraser’s Capital Reinvested — Apr 29, 2026 · slide 31 · Jul 29, 2026 · slide 31

Lumber and OSB are Not Typically Significant Cost Factors for Home — Apr 29, 2026 · slide 21 · Jul 29, 2026 · slide 21

M&A Target Attributes – Seeking “High Quality” — Apr 29, 2026 · slide 39 · Jul 29, 2026 · slide 39

Modeling EBITDA — Apr 29, 2026 · slide 52 · Jul 29, 2026 · slide 53

North America Engineered Wood Products Segment — Jul 29, 2026 · slide 19 · Oct 28, 2026 · slide 20

North American Lumber Supply at 10-year Lows — Apr 29, 2026 · slide 25 · Jul 29, 2026 · slide 25

North American OSB Capacity — Apr 29, 2026 · slide 26 · Jul 29, 2026 · slide 26

Other income (expense) — Jul 29, 2026 · slide 24 · Oct 28, 2026 · slide 26

Other Operating Segments — Jul 29, 2026 · slide 22 · Oct 28, 2026 · slide 23

Quarterly Adjusted EBITDA by segment — Apr 29, 2026 · slide 9 · Jul 29, 2026 · slide 9

Reasons to Invest in West Fraser — Apr 22, 2026 · slide 10 · Apr 29, 2026 · slide 11

Record of Creating — Apr 29, 2026 · slide 43 · Jul 29, 2026 · slide 44

Results Summary — Apr 29, 2026 · slide 2 · Jul 29, 2026 · slide 2

RISKS AND UNCERTAINTIES — Apr 29, 2026 · slide 34 · Jul 29, 2026 · slide 34

Serving a Broad Distribution Network and Customer Base — Apr 29, 2026 · slide 24 · Jul 29, 2026 · slide 24

Share Repurchases — Apr 29, 2026 · slide 30 · Jul 29, 2026 · slide 30

Softwood Lumber Duties — Apr 29, 2026 · slide 37 · Jul 29, 2026 · slide 37

Summary — Apr 29, 2026 · slide 9 · Jul 29, 2026 · slide 9

Sustainability — Apr 29, 2026 · slide 40 · Jul 29, 2026 · slide 40

West Fraser has Maintained its U.S. Export Market Position — Apr 29, 2026 · slide 38 · Jul 29, 2026 · slide 38

West Fraser has reshaped its U.S. lumber platform to improve cost structure and asset quality — Apr 29, 2026 · slide 36 · Jul 29, 2026 · slide 36

West Fraser is North America’s Largest Lumber Producer — Apr 29, 2026 · slide 47 · Jul 29, 2026 · slide 48

West Fraser is the World’s Largest OSB Producer — Apr 29, 2026 · slide 48 · Jul 29, 2026 · slide 49

West Fraser Lumber Capacity Shifting to Regions with Lower — Apr 29, 2026 · slide 17 · Jul 29, 2026 · slide 17

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Rio Tinto (RIO) MaterialsCemex Sab De Cv (CX) MaterialsWheaton Precious Metals (WPM) MaterialsNucor (NUE) MaterialsFranco-Nevada (FNV) MaterialsKinross Gold (KGC) MaterialsBarrick Mining (B) MaterialsCarpenter Technology (CRS) Materials

Filings

75 documents

Earnings releases

9 documents

Presentations

7 documents

Transcripts

0 documents

No transcripts for West Fraser Timber are held in this edition of the library.

See also the earnings calendar for every tracked company’s next earnings date.