Weak demand, sky-high sawlog prices, deteriorating currency conditions, and weaker energy assortment revenue weighed on fourth-quarter results.
Price for logs exported from Brazil contracted 17%.
The reviews will begin March 9, 2026, and will cover 2025 shipments of Canadian softwood lumber and Chinese hardwood plywood and wooden bedroom furniture.
Converted paperboard products to increase by 8% as mill utilization and input costs rise.
Full-year adjusted EBITDA declines to $15.8 million as 2024 carbon credit sales of $24.6 million are not repeated.
New $75 million capital injection positions pallet provider for growth as Dave Russell assumes interim CEO role.
Utility pole volumes rise 9.7% as company idles two facilities and forecasts EPS growth to $4.20-$5.00 in 2026.
Second kiln installation planned for later in 2026 to boost lumber production for mass timber applications.
Kingsey Falls facility upgrades target food packaging market with improved sheet quality and surface finish.
Funding includes a new mass timber and glulam manufacturing facility in Alberta, Indigenous forestry initiatives in Alberta and Manitoba, and wood-construction research and training.
Verra, the registry that issued the credits, is still investigating land rights at the Pacajai carbon project in Brazil’s Amazon more than two years later.
Price for lumber exported from Brazil increased 5%.
Price for plywood exported from Brazil slipped 1.9%.
The forest assets demerger is expected to complete in the first half of 2027.
Lumber demand stayed weak through most of the quarter, while scheduled maintenance reduced pulp output.
New fiberboard press enables production of 2-28mm panels as company targets leading Western producer position.