West Fraser Announces Third Quarter 2026 Results and Indefinite Curtailments in its OSB and Lumber Portfolios
West Fraser reported a Q3-26 loss of $(80) million, or $(1.03) per diluted share, on sales of $1.363 billion, with Adjusted EBITDA shrinking to $38 million from $59 million in Q2. The company announced indefinite curtailments of its Huguley OSB mill in Lanett, Alabama and its Leola, Arkansas lumber mill, citing continued weakness in housing-driven wood products demand, and expects a $200-220 million asset impairment in Q4 2026. Guidance was cut to the low end of prior ranges for SPF/SYP and North American OSB shipments, and management flagged rising diesel, resin and input cost pressure plus 50% Section 338 tariffs on certain Canadian products effective August 2026.
Key figures
- Revenue
- 1363000000
- Guidance
- 2026 SPF/SYP shipments at low end of 2.4-2.7 billion board feet; NA OSB shipments at low end of 5.9-6.3 billion sq ft (3/8-inch); Europe OSB 1.0-1.25 billion sq ft reiterated; 2026 capex $300-350 million
- Revenue Yoy
- 0
- Liquidity
- 1200000000
- Term loan new
- 500000000
- Adjusted ebitda
- 38000000
- Dividend per share
- 0.32
- Ar7 combined duty rate
- 20.02%
- Impairment loss guided
- $200 million to $220 million
- Lumber adjusted ebitda
- 34000000
- Osb capacity curtailed
- 500 million square feet (3/8-inch) annually
- Syp capacity curtailed
- 225 million board feet annually
- Europe ewp adjusted ebitda
- 4000000
AI analysis
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