Western Forest Products sees improved performance in Q4, fiscal 2024

Posted on February 15, 2025   |  

Western Forest Products Inc. reported better Q4 and fiscal 2024 results compared to last year.

Q4 2024 adjusted EBITDA was $14.4 million, up from a loss of $1.2 million in Q4 2023 and a loss of $10.7 million in Q3 2024.

Adjusted EBITDA for fiscal 2024 was $8.9 million, an improvement from a loss of $29.9 million in fiscal 2023.

The company posted a net loss of $1.2 million in Q4 2024, much lower than a loss of $14.3 million in Q4 2023 and $19.6 million in Q3 2024.

Demand and pricing for North American cedar products are expected to rise in Q1 2025, with most business already secured.

Cedar product shortages are predicted in Q2 2025, which will likely increase prices.

Demand for industrial lumber remains strong, with reduced supply in Q1 2025.

In China, softwood lumber markets are performing better than expected, with low inventories and rising prices.