Western Forest Products

Western Forest Products Inc. reported negative adjusted EBITDA of $17.4 million in the 1Q 2020. Net loss of $21 million ($0.06 net loss per diluted share) was reported for the 1Q 2020, as compared to net income of $1.9 million ($nil per diluted share) for the 1Q 2019 and net loss of $29.2 million ($0.09 net loss per di...

Western Forest Products Inc. announced that its hourly employees represented by United Steelworkers Local 1- 1937 (“USW”) have voted in support of the tentative agreement to replace the collective agreement that expired on June 14, 2019. The new 5-year collective agreement is effective from June 15, 2019 and expires on...

Western Forest Products Inc. generated revenue of $80.1 million in the 4Q 2019, as compared to $284.8 million in the 4Q 2018, and $141.6 million in the 3Q 2019. The company partially mitigated the impacts of the strike by selling unencumbered lumber and log inventories during the 4Q 2019.