Western Forest Products Inc. (T:WEF)
Business Focus: Forest & Wood Products (NEC)
| Sector: Basic Materials | Industry: Forest & Wood Products |
| Company Contact | |
| Address: | 800 - 1055 West Georgia Street Royal Centre Building, PO Box 11122 VANCOUVER BC V6E 3P3 |
| Tel: | N/A |
| Website: | https://www.westernforest.com |
| IR: | See website |
| Key People | ||
| Steven Hofer President, Chief Executive Officer, Director | Stephen D. A. Williams Chief Financial Officer, Executive Vice President | Bruce L. Alexander Senior Vice President - Sales, Marketing and Manufacturing |
| Jennifer Foster Senior Vice President - Human Resources and Corporate Affairs | Dallyn Willis Vice President - Finance | Alyce Harper Vice President, General Counsel, Corporate Secretary |
| Jonathan Armstrong Vice President - Forest Stewardship and Fibre Supply | Donald Holmes Vice President - Timberlands | Glen Douglas Nontell Vice President - Corporate Development |
| Business Overview |
| Western Forest Products Inc. is an integrated softwood forest products company. The Company's primary business is the sale of lumber and logs, which includes timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing and wholesaling purchased lumber. Its product categories include Outdoor Living, Exterior Appearance, Interior Living, LIFESTYLE CEDAR, WFP Engineered Products and others. The Outdoor Living products include decking, timbers, outdoor structures and fencing products. The Exterior Appearance products include siding, trim and fascia, soffits, and door and window products. The LIFESTYLE CEDAR products include LIFESTYLE CEDAR Decking and LIFESTYLE CEDAR Fencing. The Interior Living products include interior paneling, interior moldings, architectural millwork, and stair components. The WFP Engineered Products include Curved and Arched Glulam, Straight Glulam, Fabricated Trusses, Calvert GL3000 and Other Glulam Products. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Western Forest Products Inc revenues decreased 30% to C$1.02B. Net loss totaled C$68.5M vs. income of C$61.7M. Revenues reflect Lumber segment decrease of 32% to C$781.6M, Logs segment decrease of 22% to C$180.9M, Canada segment decrease of 32% to C$392.9M, United States segment decrease of 19% to C$351.5M. |
| Employees: | 1,912 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $276.04M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,018M as of Dec 31, 2023 |
| EBITDA (TTM): | -$29.10M as of Dec 31, 2023 |
| Net annual income (TTM): | -$68.50M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$90.10M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $102.30M as of Dec 31, 2023 |
| Shares outstanding: | 316,745,557 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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