VANCOUVER, BC — West Fraser Timber reported the third quarter results of 2025. Third quarter sales were $1.307 billion, compared to $1.532 billion in the second quarter of 2025. Third quarter earnings were $(204) million, or $(2.63) per diluted share, compared to earnings of $(24) million, or $(0.38) per diluted share in the second quarter of 2025. Third quarter Adjusted EBITDA was $(144) million compared to $84 million in the second quarter of 2025. …”There’s no escaping that supply and demand imbalances persist for many of our wood-based building products in an environment where elevated mortgage rates continue to impact housing affordability. And this challenging backdrop has now been joined by increased duty rates and new Section 232 tariffs on Canadian softwood lumber,” said Sean McLaren, West Fraser’s CEO. …Several key trends that have served as positive drivers in recent years are expected to continue to support medium and longer-term demand for new home construction in North America.