05:48 PM EDT, 07/23/2025 (MT Newswires) -- West Fraser Timber ( WFG ) was at last look down 0.65% in US after hours Wednesday as it reported a second-quarter loss as demand for wood-based building products slowed as spring building activity fell short of its expectations, pushing it to revise its shipment estimates.
The company reported a loss of US$24 million, or US$0.38 per diluted share. It didn't provide year ago figures today. According to FactSet it had EPS of $1.20 a year earlier while the consensus forecast was for $0.25.
Second quarter sales were US$1.532 billion. Again it did not provide year earlier figures today. According to FactSet it had sales of US$1.71 billion last year, while the consensus forecast for this latest quarter was US$1.538 billion.
On demand, the company said the drop was more acute in its NA EWP segment, which experienced further easing of demand as the quarter progressed, consistent with government data pointing to softer U.S. new home construction.
It said: "On balance, we continued to experience relatively stable costs for inputs across our supply chain in Q2-25, including resins and chemicals, and contract labour availability and capital equipment lead times continued to show improvement. We expect these trends to largely continue in second half of 2025.
"Based on our current outlook, assuming no deterioration from current market demand conditions during the year and no additional lengthening of lead times for projects underway or planned, expected capital expenditures remain in the range of $400 million to $450 million in 2025.
"As the U.S. administration's tariff and other policies evolve, we will evaluate the impact of the tariffs on our operations and consider whether any further revisions to our shipment estimates are warranted."
West Fraser was last seen down US$0.49, to US$74.95 in New York after-hours trading. It closed up $0.66, to $102.70, on the Toronto Stock Exchange.