VANCOUVER – Western Forest Products reported improved financial results in the first quarter of 2025, as compared to the same period last year. Net income was $13.8 million in the first quarter of 2025, as compared to a net loss of $8.0 million in the first quarter of 2024, and a net loss of $1.2 million in the fourth quarter of 2024. …lumber production of 134 million board feet (versus 145 million board feet in Q1 2024); average lumber selling price of $1,533 per mfbm. …North American markets are expected to be volatile due to concerns around the economic impact caused by potential further US tariffs and retaliatory tariffs. The spring building season which typically leads to gains in softwood lumber demand could be more muted. …In Japan, the spring housing demand is stronger than expected and channel inventories have declined. …Demand for our Industrial lumber products in North America are expected to strengthen as supply remains tight across all species.