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Western Forest Products Inc T.WEF

Alternate Symbol(s):  WFSTF

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.


TSX:WEF - Post by User

Post by phoenix_traderon Feb 18, 2022 12:25am
281 Views
Post# 34440721

Conference call today - returns to shareholders

Conference call today - returns to shareholdersAs you are probably aware, TSX rules only allow a maximum of 10% of the float under NCIB over a 12-month period, meaning that we won't be able to renew our NCIB until August of this year. That said, we retain the flexibility for other return of capital alternatives and we'll consider all options which may include considering increasing our dividend, considering a substantial issuer bid or considering a special dividend. We continue to evaluate and discuss return of capital with our Board every quarter. And at the same time, we do remain focused on strategic growth initiatives, including our strategic capital investment projects, as well as growth opportunities. And as you're aware, on the growth side, we continue to explore growth opportunities that will increase our share of specialty products and create long-term shareholder value.

On the M&A side, that's probably going to be focused in the US Pacific Northwest, as well as potentially developing strong two-way relationships in Japan. But as you're aware, from an M&A perspective, while we continue to be active, we're going to be disciplined in our approach. And any acquisitions will need to make sense over the long term and be accretive and create long-term shareholder value.

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