November 4, 2026
Vancouver, BC - Canfor Corporation (TSX: CFP) today reported its third quarter of 2026 results:
Overview
- Reported operating loss of $77 million and a shareholder net loss of $88 million, equivalent to $0.75 per share.
- After taking into consideration adjusting and one time items of $74 million, adjusted EBITDA of $98 million in Q3 2026, compared to $120 million in Q2 2026.
- Relatively stable lumber segment results across all operating regions, while demand uncertainty persisted and North American benchmark lumber prices declined modestly.
- Another quarter of strong earnings from the Company's paper business, combined with improved results from its pulp business, despite continued subdued global softwood pulp market conditions.
- Completed the acquisition of PinkWood Ltd., expanding the Company's engineered wood products capacity.
- Announced the permanent closures of the Fox Creek sawmill in Fox Creek, Alberta and the Northwood Northern Bleached Softwood Kraft pulp mill in Prince George, British Columbia. Fox Creek completed its wind down during the third quarter and Northwood is anticipated to close by the end of the year.