Annonce • Jul 02
Western Forest Products Inc. to Report Q2, 2025 Results on Aug 07, 2025 Western Forest Products Inc. announced that they will report Q2, 2025 results on Aug 07, 2025 Annonce • Jul 01
Western Forest Products Inc. Announces Fire Damages Columbia Vista Division Sawmill Western Forest Products Inc. announced that the sawmill at its Columbia Vista Division, located in Vancouver, Washington, sustained extensive damage in a fire, rendering the mill inoperable. New Risk • Apr 17
New major risk - Revenue and earnings growth Earnings have declined by 18% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 18% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€76.5m market cap, or US$87.0m). Annonce • Apr 02
Western Forest Products Inc. to Report Q1, 2025 Results on May 06, 2025 Western Forest Products Inc. announced that they will report Q1, 2025 results on May 06, 2025 Annonce • Feb 25
Western Forest Products Inc., Annual General Meeting, May 07, 2025 Western Forest Products Inc., Annual General Meeting, May 07, 2025. Location: british columbia, vancouver Canada Annonce • Dec 31
Western Forest Products Inc. to Report Q4, 2024 Results on Feb 13, 2025 Western Forest Products Inc. announced that they will report Q4, 2024 results on Feb 13, 2025 Annonce • Oct 09
Western Forest Products Inc. Announces Lumber Production Curtailments Western Forest Products Inc. announced that it plans to reduce lumber production in its British Columbia (B.C.) sawmills by approximately 30 million board feet during the period from October to December, 2024. For the full year of 2024, the Company estimates total lumber production will be reduced by approximately 90 million board feet, which includes approximately 30 million board feet in the third quarter of 2024. The total estimated lumber production reduction for 2024 equates to approximately 10% of the Company’s annual lumber capacity. The temporary curtailments are due to a combination of market challenges including weaker lumber demand and higher U.S. softwood lumber duty rates, and factors relating to the B.C. operating environment creating a lack of available economic log supply at certain sawmills. Western is one of the largest private sector employers on Vancouver Island, supporting 3,500 jobs in nearly 20 communities in B.C. The Company will continue to monitor market conditions and intends to adjust its operations consistent with market demand. Annonce • Oct 01
Western Forest Products Inc. to Report Q3, 2024 Results on Nov 06, 2024 Western Forest Products Inc. announced that they will report Q3, 2024 results on Nov 06, 2024 Annonce • Aug 02
Western Forest Products Inc. Announces CFO Changes Western Forest Products Inc. announced that Glen Nontell has been appointed Chief Financial Officer effective August 1, 2024. Mr. Nontell joined the Company in 2018 and was most recently the Company’s Vice President, Corporate Development, leading the corporate development, treasury and investor relations functions, as well as having a pivotal role in the execution of the Company’s strategic priorities. Mr. Nontell is a seasoned corporate finance and capital markets professional with over 20 years of experience, including prior roles in investment banking with Scotiabank and in accounting with KPMG. He is a Chartered Professional Accountant (CPA, CA) and CFA charterholder. Mr. Nontell succeeds Stephen Williams who previously announced his intention to step down from his role as Chief Financial Officer by the end of 2024. Mr. Williams will support a seamless transition process and will remain in the role of Executive Vice President until December 31, 2024 and be available thereafter until the end of 2026 in a limited advisory capacity. Annonce • Jun 29
Western Forest Products Inc. to Report Q2, 2024 Results on Jul 31, 2024 Western Forest Products Inc. announced that they will report Q2, 2024 results on Jul 31, 2024 Annonce • Mar 29
Western Forest Products Inc. to Report Q1, 2024 Results on May 07, 2024 Western Forest Products Inc. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 07, 2024 Annonce • Feb 24
Western Forest Products Inc., Annual General Meeting, May 08, 2024 Western Forest Products Inc., Annual General Meeting, May 08, 2024. Reported Earnings • Feb 14
Full year 2023 earnings released: CA$0.22 loss per share (vs CA$0.19 profit in FY 2022) Full year 2023 results: CA$0.22 loss per share (down from CA$0.19 profit in FY 2022). Revenue: CA$1.02b (down 30% from FY 2022). Net loss: CA$68.5m (down 211% from profit in FY 2022). Revenue is forecast to stay flat during the next 2 years compared to a 2.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Board Change • Feb 07
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Noordin Nanji was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Dec 30
Western Forest Products Inc. to Report Q4, 2023 Results on Feb 13, 2024 Western Forest Products Inc. announced that they will report Q4, 2023 results on Feb 13, 2024 Recent Insider Transactions • Dec 07
President recently bought €137k worth of stock On the 5th of December, J. Hofer bought around 300k shares on-market at roughly €0.46 per share. This transaction increased J.'s direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. J. has been a buyer over the last 12 months, purchasing a net total of €275k worth in shares. Board Change • Dec 04
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Noordin Nanji was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Sep 30
Western Forest Products Inc. to Report Q3, 2023 Results on Nov 07, 2023 Western Forest Products Inc. announced that they will report Q3, 2023 results on Nov 07, 2023 Board Change • Sep 12
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Noordin Nanji was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Aug 04
Western Forest Products Inc. Announces Quarterly Dividend for the Third Fiscal Quarter of 2023, Payable on September 15, 2023 Western Forest Products Inc. confirmed 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 August 25, 2023 and payable on September 15, 2023. Annonce • Jul 01
Western Forest Products Inc. to Report Q2, 2023 Results on Aug 03, 2023 Western Forest Products Inc. announced that they will report Q2, 2023 results on Aug 03, 2023 Annonce • Jun 13
Western Forest Products Inc. Announces Temporary Production Curtailments in British Columbia Western Forest Products Inc. 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 shipping operations will continue uninterrupted. Lumber production at impacted sites is expected to resume in mid-July depending on market conditions and available log supply. The Company will continue to evaluate market conditions on an ongoing basis with a view to maintain a balance between production and demand. Upcoming Dividend • May 18
Upcoming dividend of CA$0.013 per share at 4.4% yield Eligible shareholders must have bought the stock before 25 May 2023. Payment date: 16 June 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.6%). Reported Earnings • May 06
First quarter 2023 earnings released: CA$0.05 loss per share (vs CA$0.12 profit in 1Q 2022) First quarter 2023 results: CA$0.05 loss per share (down from CA$0.12 profit in 1Q 2022). Revenue: CA$263.8m (down 27% from 1Q 2022). Net loss: CA$17.0m (down 145% from profit in 1Q 2022). Revenue is forecast to decline by 4.3% p.a. on average during the next 2 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Annonce • May 05
Western Forest Products Inc. Announces Quarterly Dividend for the Second Fiscal Quarter of 2023, Payable on June 16, 2023 Western Forest Products Inc. announced 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 May 26, 2023 and payable on June 16, 2023. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Noordin Nanji was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Feb 17
Western Forest Products Inc. Announces Quarterly Dividend, Payable on March 17, 2023 Western Forest Products Inc. announced 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 February 24, 2023 and payable on March 17, 2023. Annonce • Jan 28
Western Forest Products Inc. Not Restarts its Alberni-Pacific Division Facility in its Current Configuration Western Forest Products Inc. announced that the Company will not restart its Alberni-Pacific Division (APD) facility in its current configuration and has established a multi-party working group to explore potential viable industrial manufacturing solutions for the facility. The mill has been curtailed since fall 2022. In 2022, Western, Tsawak-qin Forestry Limited Partnership and Huu-ay-aht First Nations commissioned the Beck Group to look at long-term economically viable primary manufacturing options for APD. The report concludes the options for APD are very limited. Over the next 90 days, the working group, which includes representatives from Western, the United Steelworkers union, Indigenous partners and contractually-aligned business, will explore potential viable industrial manufacturing solutions for the site. Annonce • Jan 27
Western Forest Products Inc. Announces Not to Restart its Alberni-Pacific Division Western Forest Products Inc. announced that the Company will not restart its Alberni-Pacific Division (APD) facility in its current configuration and has established a multi-party working group to explore potential viable industrial manufacturing solutions for the facility. The mill has been curtailed since fall 2022. In 2022, Western, Tsawak-qin Forestry Limited Partnership and Huu-ay-aht First Nations commissioned the Beck Group to look at long-term economically viable primary manufacturing options for APD. The report concludes the options for APD are very limited. Over the next 90 days, the working group, which includes representatives from Western, the United Steelworkers union, Indigenous partners and contractually-aligned business, will explore potential viable industrial manufacturing solutions for the site. Annonce • Dec 31
Western Forest Products Inc. to Report Q4, 2022 Results on Feb 16, 2023 Western Forest Products Inc. announced that they will report Q4, 2022 results on Feb 16, 2023 Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: CA$0.12 (vs CA$0.21 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.12 (down from CA$0.21 in 2Q 2021). Revenue: CA$437.4m (up 5.6% from 2Q 2021). Net income: CA$38.1m (down 51% from 2Q 2021). Profit margin: 8.7% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 14% compared to a 5.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 18
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 25 November 2021. Payment date: 17 December 2021. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €1.30, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Forestry industry in Europe. Total returns to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.56 per share. Board Change • Nov 10
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director John Williamson was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 20
CEO, President & Director recently sold €461k worth of stock On the 17th of September, Donald Demens sold around 335k shares on-market at roughly €1.38 per share. This was the largest sale by an insider in the last 3 months. Donald has been a seller over the last 12 months, reducing personal holdings by €984k. Board Change • Sep 15
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director John Williamson was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Aug 29
CEO, President & Director recently sold €296k worth of stock On the 27th of August, Donald Demens sold around 214k shares on-market at roughly €1.38 per share. This was the largest sale by an insider in the last 3 months. Donald has been a seller over the last 12 months, reducing personal holdings by €523k. Upcoming Dividend • Aug 19
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 26 August 2021. Payment date: 17 September 2021. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (2.6%). Board Change • Aug 18
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director John Williamson was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS CA$0.21 (vs CA$0.023 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$414.4m (up 62% from 2Q 2020). Net income: CA$78.0m (up CA$69.5m from 2Q 2020). Profit margin: 19% (up from 3.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CA$1.23, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 15x in the Forestry industry in Europe. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.67 per share. Upcoming Dividend • May 20
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 27 May 2021. Payment date: 18 June 2021. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.7%). Executive Departure • May 12
Independent Director has left the company On the 6th of May, James Arthurs' tenure as Independent Director ended after 16.8 years in the role. As of December 2020, James personally held only 53.56k shares (€41k worth at the time). A total of 2 executives have left over the last 12 months. Executive Departure • May 12
Non-Independent Director has left the company On the 6th of May, Lee Doney's tenure as Non-Independent Director ended after 16.8 years in the role. As of December 2020, Lee personally held only 5.00k shares (€3.8k worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • May 06
First quarter 2021 earnings released: EPS CA$0.14 (vs CA$0.056 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$322.5m (up 225% from 1Q 2020). Net income: CA$53.6m (up CA$74.6m from 1Q 2020). Profit margin: 17% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Annonce • May 06
Western Forest Products Inc. Confirms Second Quarter 2021 Dividend, Payable on June 18, 2021 Western Forest Products Inc. confirmed that a quarterly dividend of $0.01 per share will be paid with respect to the Company's second fiscal quarter of 2021 to shareholders of record as at the close of business on May 28, 2021 and payable on June 18, 2021. Recent Insider Transactions • Mar 28
CEO, President & Director recently sold €227k worth of stock On the 24th of March, Donald Demens sold around 186k shares on-market at roughly €1.22 per share. This was the largest sale by an insider in the last 3 months. This was Donald's only on-market trade for the last 12 months. Annonce • Mar 15
An unknown buyer acquired certain non-core assets including certain properties, and their underlying rights, related to the Orca Quarry located near Port McNeill, British Columbia from Western Forest Products Inc. (TSX:WEF) for $36 million. An unknown buyer acquired certain non-core assets including certain properties, and their underlying rights, related to the Orca Quarry located near Port McNeill, British Columbia from Western Forest Products Inc. (TSX:WEF) for $36 million on March 14, 2021. Western Forest Products Inc. intends to use the proceeds from the sale to repay debt and to support its long-term strategic initiatives.
An unknown buyer completed the acquisition of certain non-core assets including certain properties, and their underlying rights, related to the Orca Quarry located near Port McNeill, British Columbia from Western Forest Products Inc. (TSX:WEF) on March 14, 2021. Annonce • Mar 06
Western Forest Products Inc. Announces Board Changes Western Forest Products Inc. announced that Mr. James Arthurs and Mr. Lee Doney will not be standing for re-election as directors at Western's Annual and Special Meeting on May 6, 2021, and that Mr. Randy Krotowski and Mr. John Williamson have been appointed as independent directors to Western's Board of Directors (the "Board"). Mr. Arthurs and Mr. Doney have been members of the Board since July 2004. The changes announced are consistent with Western's ongoing Board renewal and succession process and demonstrates Western's commitment to strong corporate governance practices. With the appointment of Mr. Krotowski and Mr. Williamson, four new members will have joined Western's Board in the past two years. Mr. Krotowski has held the position of Vice President and Chief Information Officer at Caterpillar and Chief Information Officer at Chevron's Global Exploration and Production business. He previously held various senior management positions with Chevron Corporation and has served as an advisor to several Silicon Valley technology companies. Mr. Krotowski has extensive experience in digital strategy development and transformation execution, operations management and supply chain optimization. Is New 90 Day High Low • Feb 25
New 90-day high: €1.08 The company is up 74% from its price of €0.62 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.61 per share. Annonce • Feb 20
Western Forest Products Inc., Annual General Meeting, May 06, 2021 Western Forest Products Inc., Annual General Meeting, May 06, 2021. Agenda: To consider and ratify By-law Amendments and Advance Notice By-law. Reported Earnings • Feb 19
Full year 2020 earnings released: EPS CA$0.09 (vs CA$0.12 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CA$964.9m (up 20% from FY 2019). Net income: CA$33.1m (up CA$79.4m from FY 2019). Profit margin: 3.4% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 84% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 19
Revenue beats expectations Revenue exceeded analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 31% while theForestry industry in Germany is not expected to grow. Is New 90 Day High Low • Feb 06
New 90-day high: €0.87 The company is up 58% from its price of €0.55 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.91 per share. Is New 90 Day High Low • Jan 06
New 90-day high: €0.84 The company is up 33% from its price of €0.63 on 08 October 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.94 per share. Annonce • Jan 01
Western Forest Products Inc. to Report Q4, 2020 Results on Feb 18, 2021 Western Forest Products Inc. announced that they will report Q4, 2020 results on Feb 18, 2021 Is New 90 Day High Low • Dec 16
New 90-day high: €0.74 The company is up 8.0% from its price of €0.69 on 17 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Forestry industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.15 per share. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations Revenue exceeded analyst estimates by 7.6%. Over the next year, revenue is forecast to grow 58% compared to a 1.6% decline forecast for the Forestry industry in Germany. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS CA$0.03 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CA$290.6m (up 105% from 3Q 2019). Net income: CA$11.3m (up CA$30.0m from 3Q 2019). Profit margin: 3.9% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Annonce • Oct 01
Western Forest Products Inc. to Report Q3, 2020 Results on Nov 05, 2020 Western Forest Products Inc. announced that they will report Q3, 2020 results at 1:53 AM, GMT Standard Time on Nov 05, 2020 Annonce • Aug 08
Western Forest Products Inc. Updates on its Operations Western Forest Products Inc. announced that in late March 2020, as a result of COVID-19, the company curtailed certain operations for one week to implement enhanced health and safety protocols and to re-evaluate market conditions. After implementing enhanced health and safety protocols and re-evaluating operating conditions, the company resumed all operations, except at Ladysmith, Cowichan Bay and Somass sawmills. On May 4, 2020, the company resumed operation of Cowichan Bay sawmill. The US-based Columbia Vista division operations were unaffected by the Strike and took no COVID-19 related downtime. On August 4, 2020, the company has restarted production at Ladysmith sawmill, which had remained curtailed after the end of the Strike due to limited log supply. Annonce • Jul 01
Western Forest Products Inc. to Report Q2, 2020 Results on Aug 06, 2020 Western Forest Products Inc. announced that they will report Q2, 2020 results at 1:53 AM, GMT Standard Time on Aug 06, 2020