West Fraser generated $50 million of adjusted EBITDA with positive contributions from each of its 3 core reportable segments in the second quarter of 2026. Sales rose to $1.434 billion from $1.334 billion in the first quarter, driven by higher lumber pricing and shipment volumes, while the company posted a net loss of $61 million or $0.78 per diluted share. Adjusted EBITDA reached $59 million, yielding a 4% margin and improving from negative $66 million in the prior quarter, with the lumber segment contributing $41 million including a $13 million favorable in-year duty adjustment. North America EWP and Europe EWP each generated $13 million in adjusted EBITDA, and the company ended the quarter with approximately $1 billion of liquidity and a net debt-to-capital ratio of 5%. Management highlighted productivity gains in the U.S. lumber portfolio, the ramp-up of the modernized Henderson mill, and the completed wind-down of the High Level OSB facility, while navigating headwinds from resin inflation, elevated transportation costs, and new trade tariffs on Canadian engineered wood products.
West Fraser Timber Co LtdAdjusted EBITDA turned positive at $50M with all segments contributing, though net loss persists.
