Canfor reports results for the third quarter of 2026
Key Highlights
- ➤Q3 operating loss $76.6M, versus $4.8M operating income in Q2
- ➤Q3 net loss $88.2M, or $0.75 per share
- ➤Q3 adjusted EBITDA $98.1M, down from $119.6M in Q2
- ➤Canfor completed PinkWood acquisition, expanding engineered wood products capacity
- ➤Canfor permanently closed Fox Creek sawmill and plans Northwood pulp mill closure
Expert Statements
Susan Yurkovich, President and Chief Executive Officer of Canfor
“Despite continued uncertainty across our markets, our lumber business delivered relatively stable earnings across all regions in the third quarter, while improved pulp performance and another strong quarter from our paper business contributed positively to our results,”
Susan Yurkovich, President and Chief Executive Officer of Canfor
“Looking ahead, we anticipate market conditions will remain challenging through the balance of the year, with softer seasonal demand for lumber and continued pressure in global pulp markets.”
Susan Yurkovich, President and Chief Executive Officer of Canfor
“The difficult decisions announced this quarter to permanently close our Fox Creek sawmill and Northwood pulp mill are part of our ongoing efforts to adapt our operating footprint with market conditions and position our businesses to be more resilient and competitive over the long term.”
VANCOUVER, British Columbia, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Canfor Corporation (the “Company” or “Canfor”) (TSX: CFP) today reported its third quarter of 2026 results:
Overview. * Reported operating loss of $77 million and a shareholder net loss of $88 million, equivalent to $0.75 per share. * After taking into consideration adjusting and one-time items of $74 million, adjusted EBITDA(1 )was $98 million in Q3 2026, compared to $120 million in Q2 2026. * Relatively stable lumber segment results across all operating regions, while demand uncertainty persisted and North American benchmark lumber prices declined modestly. * Another quarter of strong earnings from the Company's paper business, combined with improved results from its pulp business, despite continued subdued global softwood pulp market conditions. * Completed the acquisition of PinkWood Ltd., expanding the Company's engineered wood products capacity. * Announced the permanent closures of the Fox Creek sawmill in Fox Creek, Alberta and the Northwood Northern Bleached Softwood Kraft pulp mill in Prince George, British Columbia. Fox Creek completed its wind down during the third quarter and Northwood is anticipated to close by the end of the year. Financial results.
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