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Western Forest Products Inc T.WEF

Alternate Symbol(s):  WFSTF

Western Forest Products Inc. is a Canada-based integrated forest products company building a margin-focused log and lumber business to compete in global softwood markets. 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. It has a lumber capacity of approximately 885 million board feet from six sawmills, as well as operates four remanufacturing facilities and two glulam manufacturing facilities. The Company's product categories include outdoor living, exterior appearance, LIFESTYLE CEDAR, interior living, structural, industrial and WFP engineered products. Its outdoor living products include decking, timbers and fencing products. Its LIFESTYLE CEDAR products include LIFESTYLE CEDAR Decking and LIFESTYLE CEDAR Fencing. Its WFP Engineered Products include curved and arched glulams, straight glulams, and fabricated trusses.


TSX:WEF - Post by User

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Post by kijijion Feb 11, 2020 9:25pm
173 Views
Post# 30677680

Fourth Quarter 2019 Results

Fourth Quarter 2019 Results
 
 
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CRUDE OIL
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BTC-CAD
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+63.44(+0.47%)
 
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Symbol Last Price Change Chg % Currency Market Time Volume Shares Avg Vol (3m) Day Range 52-Wk Range Day Chart Market Cap
SU.TO 39.11 +0.01 +0.03% CAD 4:00PM EST 4.93M - 3.653M 57.901B
VIVO.TO 0.2800 -0.0050 -1.75% CAD 3:59PM EST 388,585 - 940,816 81.395M
ERF.TO 6.75 -0.07 -1.03% CAD 4:00PM EST 1.563M - 1.141M 1.497B
MAG.TO 13.84 -0.10 -0.72% CAD 4:00PM EST 88,097 - 195,495 1.198B
CL.CN 6.73 -0.19 -2.75% CAD 3:59PM EST 299,419 - 276,804 1.365B
REVO.V 0.1200 -0.0050 -4.00% CAD 2:12PM EST 194,744 - 244,896 18.977M
VET.TO 18.87 +0.20 +1.07% CAD 3:59PM EST 919,413 - 1.662M 2.934B
TNY.CN 0.4300 +0.0150 +3.61% CAD 3:49PM EST 142,290 - 162,553 44.917M
FIRE.TO 0.4450 +0.0350 +8.54% CAD 3:59PM EST 2.094M - 1.083M 157.55M
CU.TO 41.18 +0.39 +0.96% CAD 4:00PM EST 281,523 - 326,717 11.253B
CHE-UN.TO 8.78 +0.06 +0.69% CAD 4:00PM EST 478,162 - 369,416 812.993M
TCL-A.TO 16.25 -0.03 -0.18% CAD 4:19PM EST 87,502 - 255,682 1.426B
IPL.TO 21.68 +0.13 +0.60% CAD 4:00PM EST 1.669M - 1.512M 9.011B
WEF.TO 1.2800 +0.0100 +0.79% CAD 4:00PM EST 2.33M - 664,028 488.828M
WJX.TO 16.07 +0.25 +1.58% CAD 4:00PM EST 48,398 - 56,506 321.458M
DML.TO 0.4650 +0.0100 +2.20% CAD 4:00PM EST 324,300 - 368,233 277.679M
NPI.TO 30.94 +0.22 +0.72% CAD 4:00PM EST 542,069 - 541,961 6.025B
SNC.TO 33.76 +0.73 +2.21% CAD 4:00PM EST 988,875 - 1.034M 5.927B
ABX.TO 24.53 -0.03 -0.12% CAD 4:00PM EST 2.416M - 2.944M 43.609B
BNP.TO 0.5150 +0.0250 +5.10% CAD 3:59PM EST 123,550 - 224,731 134.168M
VMD.TO 7.62 +0.39 +5.39% CAD 4:00PM EST 201,740 - 129,968 285.249M
DM.V 0.0200 -0.0050 -20.00% CAD 3:38PM EST 633,000 - 386,557 4.522M
HEXO.TO 1.6900 +0.0100 +0.60% CAD 4:00PM EST 1.792M - 2.907M 480.156M
ALA.TO 21.45 +0.17 +0.80% CAD 4:00PM EST 886,718 - 1.185M 5.961B
WAYL.CN 0.7400 0.0000 0.00% CAD 3:00PM EST 0 - 0 67.82M
GLH.CN 0.0200 -0.0050 -20.00% CAD 3:43PM EST 208,143 - 1.258M 16.323M
GTEC.V 0.1550 0.0000 0.00% CAD 3:06PM EST 75,800 - 291,826 19.633M
RLSC.CN 0.0100 0.0000 0.00% CAD 9:30AM EST 1,000 - 95,407 603,103
CIX.TO 24.39 +0.18 +0.74% CAD 4:00PM EST 313,743 - 521,193 5.385B
IN.TO 0.3450 +0.0050 +1.47% CAD 3:55PM EST 119,313 - 182,790 59.438M
DSKE 3.7800 +0.1600 +4.42% USD 4:00PM EST 161,110 - 199,519 244.147M
WMD.V 0.6300 -0.0500 -7.35% CAD 3:59PM EST 867,569 - 272,277 132.028M
BAMM.CN 0.4600 -0.0200 -4.17% CAD 3:59PM EST 125,233 - 100,049 46.852M
FCU.TO 0.2400 -0.0100 -4.00% CAD 3:59PM EST 319,971 - 424,174 116.704M
INP.V 0.7200 +0.0100 +1.41% CAD 3:51PM EST 63,213 - 32,780 45.901M
CLIQ.TO 4.0400 -0.0400 -0.98% CAD 3:59PM EST 41,976 - 128,160 160.211M
GXO.TO 0.9500 0.0000 0.00% CAD 3:45PM EST 24,306 - 117,482 36.837M
TLT.V 0.2650 -0.0100 -3.64% CAD 3:57PM EST 211,655 - 336,477 54.133M
IFOS.V 0.4200 0.0000 0.00% CAD 1:26PM EST 5,900 - 4,498 77.077M
PNP.TO 1.3400 -0.0900 -6.29% CAD 3:37PM EST 300 - 2,326 12.469M
PUL.V 0.0450 -0.0050 -10.00% CAD 10:31AM EST 30,000 5000 59,563 6.822M
PKG.CN 0.1000 -0.0050 -4.76% CAD 3:55PM EST 247,000 - 144,661 7.898M
AKR.V 0.1650 -0.0050 -2.94% CAD 3:44PM EST 6,050 - 47,834 12.632M
TGIF.CN 0.1300 -0.0100 -7.14% CAD 3:59PM EST 2.105M - 470,423 37.112M
MRS.V 0.0650 0.0000 0.00% CAD 1:11PM EST 117,000 - 441,100 12.254M
HVT.V 0.1200 +0.0050 +4.35% CAD 3:55PM EST 146,171 - 309,755 23.745M
APP.CN 0.0300 -0.0050 -14.29% CAD 3:52PM EST 78,792 - 120,291 3.522M
VFF.TO 6.20 +0.04 +0.65% CAD 3:59PM EST 555,276 - 586,871 324.876M
CJ.TO 2.2500 -0.0400 -1.75% CAD 4:00PM EST 248,707 - 423,296 257.249M
CRYP.CN 0.0300 0.0000 0.00% CAD 3:01PM EST 0 - 10,781 273,662
PZA.TO 9.77 +0.05 +0.51% CAD 4:00PM EST 85,441 - 60,846 240.277M
MAL.TO 13.80 -0.10 -0.72% CAD 3:59PM EST 24,876 - 15,968 803.284M
IME.CN 0.0600 0.0000 0.00% CAD 3:59PM EST 107,350 - 434,429 8.344M
PKK.CN 0.0450 0.0000 0.00% CAD 3:56PM EST 504,000 - 920,414 32.109M
CCO.TO 12.25 +0.53 +4.52% CAD 4:00PM EST 1.606M - 688,769 4.849B
ATH.TO 0.4000 0.0000 0.00% CAD 3:29PM EST 613,945 - 1.249M 209.353M
ACB.TO 2.0500 -0.0300 -1.44% CAD 4:27PM EST 9.798M - 10.559M 2.295B
FAT.CN 0.0400 -0.0050 -11.11% CAD 3:55PM EST 1.003M 5687 237,702 5.262M
CHR.TO 7.97 +0.06 +0.76% CAD 4:00PM EST 190,708 452 293,392 1.273B
ISOL.CN 0.2000 -0.0250 -11.11% CAD 2:43PM EST 48,281 - 97,055 9.778M
MMJ.CN 0.0350 +0.0050 +16.67% CAD 3:43PM EST 1.107M - 236,274 11.053M
CANN.CN 0.2600 0.0000 0.00% CAD 3:59PM EST 191,414 - 721,671 123.146M
AD.TO 22.90 -0.17 -0.74% CAD 4:00PM EST 126,507 300 165,255 839.628M
DIV.TO 3.4100 +0.0900 +2.71% CAD 4:00PM EST 328,134 1005 175,920 372.072M
FTS.TO 57.87 +0.12 +0.21% CAD 3:59PM EST 797,593 303 1.456M 26.785B
AQN.TO 21.30 +0.27 +1.28% CAD 4:00PM EST 1.599M - 2.222M 11.202B
ZDC.V 0.0700 0.0000 0.00% CAD 9:30AM EST 2,500 - 18,071 3.767M
FRU.TO 7.27 +0.05 +0.69% CAD 4:00PM EST 397,957 402 618,571 861.997M
SXE.V 0.0600 0.0000 0.00% CAD 3:03PM EST 538 - 7,534 6.452M
HWO.TO 1.8700 +0.0200 +1.08% CAD 3:59PM EST 31,544 - 49,347 92.79M
SGY.TO 0.9900 +0.0100 +1.02% CAD 3:59PM EST 213,377 - 677,407 320.973M
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Western Announces Fourth Quarter 2019 Results
GlobeNewswire GlobeNewswireFebruary 11, 2020Comment
VANCOUVER, British Columbia, Feb. 11, 2020 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (WEF.TO) (“Western” or the “Company”) reported negative adjusted EBITDA of $18.1 million in the fourth quarter of 2019. Results were impacted by strike action by the United Steelworkers Local 1-1937 (“USW”) and weak markets. The Company continued to service customers and partly mitigated losses arising from labour disruptions at all of its timberlands and the majority of its British Columbia (“BC”) based manufacturing operations by selling available inventory, increasing its wholesale lumber program and deferring certain expenditures.
 
Net loss of $29.2 million ($0.09 net loss per diluted share) was reported for the fourth quarter of 2019, as compared to net income of $5.3 million ($0.02 net income per diluted share) for the fourth quarter of 2018 and net loss of $18.7 million ($0.05 net loss per diluted share) in the third quarter of 2019.
 
Western’s negative adjusted EBITDA of $18.1 million in the fourth quarter of 2019 compared to adjusted EBITDA of $18.0 million in the fourth quarter of 2018, and negative $16.6 million reported in the third quarter of 2019. Operating loss prior to restructuring and other items was $29.6 million in the fourth quarter of 2019, compared to operating income prior to restructuring and other items of $7.7 million in fourth quarter of 2018, and $24.2 million loss reported in the third quarter of 2019. Western’s liquidity at the end of the fourth quarter of 2019 was $136.9 million and net debt to capitalization ratio was approximately 18.8%.

western-announces-fourth-quarter-2019
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