WESTERN FOREST PRODUCTS WFSTF overview

VANCOUVER, British Columbia, April 01, 2025 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) first quarter 2025 financial and operating results will be released on Tuesday, May 6, 2025. Western will host its first quarter 2025 analyst conference call on Wednesday, May 7, 2025 at 12:00 p.m. PDT (3:00 p.m. EDT) . Steven Hofer, President and Chief Executive Officer, Glen Nontell, Chief Financial Officer and Bruce Alexander, Senior Vice President,...

VANCOUVER, British Columbia, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today improved fourth quarter and fiscal 2024 results compared to the same period last year. Adjusted EBITDA was $14.4 million in the fourth quarter of 2024, as compared to negative $1.2 million in the fourth quarter of 2023, and negative EBITDA of $10.7 million in the third quarter of 2024. Adjusted EBITDA was $8.9 million for fiscal 2024, as...

VANCOUVER, British Columbia, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) and Eastwood Forests, LLC (“Eastwood”) announced today that Western has completed the sale of approximately 14,500 hectares of fee simple land on northern Vancouver Island in British Columbia (“BC”), Canada to a Canadian affiliate of the Eastwood Climate Smart Forestry Fund I LP for $69.2 million. “Eastwood has a dedicated focus on delivering...

VANCOUVER, British Columbia, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that its hourly employees represented by United Steelworkers Local 1- 1937 (“USW”) have voted to ratify a new collective agreement, replacing the collective agreement that expired on June 14, 2024. The new six-year collective agreement has a retroactive effective date of June 15, 2024, will expire June 14, 2030 and provides for the...

VANCOUVER, British Columbia, Dec. 31, 2024 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) fourth quarter and fiscal 2024 financial and operating results will be released on Thursday, February 13, 2025. Western will host its fourth quarter and fiscal 2024 analyst conference call on Friday, February 14, 2025 at 9:00 a.m. PST (12:00 p.m. EST) . Steven Hofer, President and Chief Executive Officer, Glen Nontell, Chief Financial Officer and Bruce...

VANCOUVER, British Columbia, Nov. 28, 2024 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that the Company and the United Steelworkers Local 1-1937 (“USW”) have agreed to the terms of a tentative collective agreement. The USW represents approximately 1,000 Western employees. The tentative agreement is subject to a ratification vote by USW membership, which is expected to occur before the end of the year. The USW bargaining...

VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported a net loss of $19.6 million in the third quarter of 2024, as compared to a net loss of $17.4 million in the third quarter of 2023, and a net loss of $5.7 million in the second quarter of 2024. Adjusted EBITDA was negative $10.7 million in the third quarter of 2024, which included $1.0 million in export tax recovery, as compared to negative $11.6...

VANCOUVER, British Columbia, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today 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...