West Fraser Announces Third Quarter 2026 Results and Indefinite Curtailments in its OSB and Lumber Portfolios
Key Highlights
- ➤Q3 sales $1.363B; earnings $(80)M, or $(1.03) per diluted share
- ➤Adjusted EBITDA $38M, down from $59M in Q2-26
- ➤West Fraser indefinitely curtailing Huguley OSB and Leola lumber mills
- ➤Curtailments reduce annual capacity by 500M OSB square feet and 225M SYP board feet
- ➤Q4 impairment loss expected at $200M-$220M; 2026 shipments guided to lower ranges
- ➤New $500M term loan refinances existing $300M facility; liquidity reaches $1.2B
Expert Statements
Sean McLaren, President and CEO of West Fraser
“Over the last quarter, housing affordability continued to be a key constraint for wood products demand, which remains soft,”
Sean McLaren, President and CEO of West Fraser
“We were also impacted by higher energy-related input costs.”
Sean McLaren, President and CEO of West Fraser
“Our teams responded by running mills to demand, reducing inventory and controlling costs.”
Sean McLaren, President and CEO of West Fraser
“With no near-term visibility on an improvement in demand, we took further steps today to align our supply with customer demand through the indefinite curtailments of our Huguley OSB mill in Lanett, Alabama and our lumber mill in Leola, Arkansas.”
Sean McLaren, President and CEO of West Fraser
“Decisions like this are never easy because of the impact they have on our employees, their families and the communities where we operate.”
Sean McLaren, President and CEO of West Fraser
“This action reflects the challenging market conditions facing our business and is not a reflection of the dedication and performance of our employees at Huguley and Leola, who have remained focused on operating safely while working diligently to position these mills for success.”
Sean McLaren, President and CEO of West Fraser
“We are grateful for their hard work and contributions, and we are committed to supporting them through this transition.”
Sean McLaren, President and CEO of West Fraser
“We now expect 2026 SPF, SYP and North American OSB shipments to be towards the lower end of our guidance ranges.”
Sean McLaren, President and CEO of West Fraser
“We also strengthened our financial position by refinancing our term loan into a new $500 million facility maturing in September 2029, ending the quarter with an undrawn revolver and $1.2 billion of available liquidity.”
West Fraser Announces Third Quarter 2026 Results and Indefinite Curtailments in its OSB and Lumber Portfolios PR Newswire
VANCOUVER, BC, Oct. 28, 2026 /PRNewswire/ -- West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) reported today the third quarter results of 2026 ("Q3-26"). The Company today also announced that it will indefinitely curtail its Huguley oriented strand board (OSB) mill in Lanett, Alabama and lumber mill in Leola, Arkansas. All dollar amounts in this news release are expressed in U.S. dollars unless noted otherwise.
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