10:02 AM EST, 11/05/2025 (MT Newswires) -- Western Forest Products ( WFSTF ) on Wednesday reported a wider net loss in the third quarter as revenue fell, both missing analyst's expectations.

For the three months ended Sep. 30, net loss was $61.3 million or $5.71 loss per diluted share, compared with a net loss of $19.6 million or $1.71 loss per diluted share, a year earlier, missing a consensus estimate compiled by FactSet of $1.63 loss per share.

Revenue for the quarter decreased to $233 million compared with $241.7 million, a year-ago, missing a consensus estimate compiled by FactSet of $236.0 million.

The company said adjusted EBITDA was negative $65.9 million in Q3, which included a non-cash export duty expense of $59.5 million related to the determination of final duty rates from the sixth Administrative Review.

"Markets may start to improve towards the end of the fourth quarter of 2025 or into early 2026 as supply decreases and as distributors start to build inventories ahead of the spring building season," said the company in a statement. "However, in the near-term, distributors and pro-dealers continue to buy on an as-needed basis and the home center business is expected to be slow as consumers manage their way through the uncertain economic environment."

Shares of the company were last seen up 1.6% at $11.74 on the Toronto Stock Exchange.

Price: 11.73, Change: +0.17, Percent Change: +1.47