B.C. lumber producers record modest improvements in Q4 2024

By Nelson Bennett
Business in Vancouver
February 14, 2025
Category: Finance & Economics
Region: Canada, Canada West

B.C. lumber producers experienced a bit of a lift in the fourth quarter in an otherwise awful year marked by low lumber prices, and are bracing for trade volatility in the year to come. Western Forest Products Inc. , West Fraser Timber Co. and Interfor Corp. released fourth quarter and annual financials this week that show somewhat improved sales numbers in the fourth quarter of 2024, but overall net losses for the full year. …The net loss for Western Forest Products in 2024 was $34.5 million, compared to $70 million in 2023. The net loss for the most recent fourth quarter was $1.2 million, compared to a net loss of $14.3 million in Q4 2023…….West Fraser Timber Co.  reported a loss of US$62 million on US$1.4 billion in sales in the fourth quarter, and a loss of US$5 million on US$6.2 billion in sales for the full year of 2024.

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