West Fraser Timber Co.Ltd

WFG: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 131.00	Jzyn	Zwjdtcbrt

West Fraser’s Q4 Affected by Normalizing Demand and Low Lumber Prices

Spencer Liberman

Feb 16, 2023

No-moat-rated West Fraser reported fourth-quarter results that were largely in line with our expectations. Lower lumber prices and softening housing demand in the United States led to a decline in West Fraser’s financial results. Revenue declined 21% year over year, with all three wood products segments posting double-digit declines. West Fraser posted a $130 million operating loss in the quarter, largely due to lower lumber prices and slowing housing demand. While raw material cost inflation continues to moderate, rising operating costs weighed on results.

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