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Western Forest Products Inc. (T:WEF)

Business Focus: Forest & Wood Products

Sector:  Basic Materials Industry:  Forest & Wood Products
See Regulatory Filings on SEDAR
Company Contact
Address: 800 - 1055 West Georgia Street
Royal Centre Building,
PO Box 11122
Tel: N/A
IR: See website
Key People
Donald Eugene Demens
President, Chief Executive Officer, Director
Stephen D. A. Williams
Chief Financial Officer, Executive Vice President
Bruce L. Alexander
Senior Vice President of 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
Donald Holmes
Vice President - Timberlands
Shannon Janzen
Vice President - Partnerships & Sustainability and Chief Forester
Business Overview
Western Forest Products Inc. is a softwood forest products company, operating in the coastal region of British Columbia. The Company's primary business includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and lumber remanufacturing. The Company's log and lumber products are sold throughout the world. Its business includes the harvesting of timber, reforestation, forest management, the manufacturing and sale of lumber and wood chips, and the sale of logs. Its Lumber by species include hemlock and balsam; douglas fir; yellow and western red cedar. Its Logs include saw logs and pulp logs. Its eight facilities produce a multitude of products from framing material to timbers, decking and siding; components for doors, windows and moldings, and niche products for customers throughout the world. Its other products include Hem-Fir products, such as Green Hem Fir, Kiln-Dried Hem-Fir and Structural Hem-Fir products, and Sitka Spruce products.
Financial Overview
For the six months ended 30 June 2021, WesternForest Products Inc revenues increased from C$355.4M toC$736.9M. Net income totaled C$131.6M vs. loss of C$12.5M.Revenues reflect Lumber segment increase from C$272M toC$629.7M, By - products segment increase from C$10M toC$27.8M, United States segment increase from C$103.8M toC$302M, Canada segment increase from C$116M to C$243.9M.
Employees: 2,153 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $923.46M as of Jun 30, 2021
Annual revenue (TTM): $1,346M as of Jun 30, 2021
EBITDA (TTM): $296.40M as of Jun 30, 2021
Net annual income (TTM): $177.20M as of Jun 30, 2021
Free cash flow (TTM): $228.00M as of Jun 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 371,633,673 as of Jul 15, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization