05:05 PM EDT, 08/07/2025 (MT Newswires) -- Western Forest Products (WEF.TO) after trade Thursday reported a wider loss and lower revenue for the second quarter.

The lumber company lost $17.4 million, or $1.62 per share, in the period, compared with a loss of $5.7 million, or $0.40, a year ago. FactSet expected a per-share loss of $0.76.

Revenue stood at $289.1 million, down from $309.5 million in the year-ago quarter. FactSet projected $265.5 million.

Adjusted EBITDA for the quarter was $0.5 million, which included an inventory provision expense of $3.6 million related to price declines in certain lumber products, compared with $9.4 million in Q2 2024, which included a $5.3-million inventory provision recovery, the company said.

Lumber production totaled 144-million board feet, down from 151 million in the same quarter last year. Lumber shipments were 149-million board feet, compared to 173 million a year ago, while cedar lumber shipments declined to 32-million board feet from 39 million, the company said.

The company also warned it expects challenging market conditions in the current quarter. "Markets in North America are expected to be volatile through the third quarter of 2025 as softwood lumber duties have increased significantly. Persistently high interest rates, low consumer confidence and general economic uncertainty are leading to a slower pace in repairs and renovations, and housing activity. Expectations are for this trend to continue throughout the third quarter of 2025, and as a result, lumber markets will be challenged for both commodity and specialty products with demand and pricing expected to remain weak across most species and product categories," it said

Western Forest Products shares closed down $0.57 to $12.68 on the Toronto Stock Exchange.