Western Forest Products Inc. reported a net loss of $5.7 million in the Q2 2024, as compared to a net loss of $20.7 million in the Q2 2023, and a net loss of $8.0 million in the Q1 2024.
Revenue increased to $309.5 million from $276 million in Q2 2023.
Adjusted EBITDA was $9.4 million in the Q2 2024, as compared to negative $12.0 million in the Q2 2023, and negative $4.2 million in the Q1 2024.
Lumber shipments were 173 million board feet (versus 153 million board feet in Q2 2023). Average lumber selling price was $1,363 per mfbm (versus $1,392 per mfbm in Q2 2023), primarily due to a slightly weaker sales mix of specialty lumber products.
Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets.
