|Bid||48.60 x 0|
|Ask||49.01 x 0|
|Day's Range||48.21 - 49.20|
|52 Week Range||21.60 - 65.11|
|Beta (5Y Monthly)||2.32|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul. 27, 2020|
|Forward Dividend & Yield||0.80 (1.63%)|
|Ex-Dividend Date||Jul. 06, 2020|
|1y Target Est||52.83|
VANCOUVER, BC , June 23, 2020 /CNW/ - The Board of Directors of West Fraser Timber Co. Ltd. (" West Fraser " or the " Company ") (TSX: WFT) has declared a quarterly dividend of $0.20 ...
A total of 54,738,552 Common shares and Class B Common shares were voted at the meeting, representing 80% of the votes attached to all outstanding shares. Detailed voting results for the meeting are available on SEDAR at www.sedar.com. Since the middle of March and throughout April in response to rapidly changing market demand and to comply with mandated and recommended health and safety guidelines related to the COVID-19 pandemic, we significantly reduced lumber and plywood production.
VANCOUVER , May 11, 2020 /CNW/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (WFT.TO) announced today certain COVID-19 precautionary measures and procedures that will be in place for the annual general meeting (the "Meeting") to be held at 11:30 am on May 26, 2020 at its corporate offices in Vancouver at 858 Beatty Street, Suite 501 to reduce the risks related to large group gatherings and to protect the health and safety of its shareholders, directors, employees and others. As previously indicated in the Company's information circular for the Meeting dated April 16, 2020 , we request that all shareholders vote their shares by proxy and proxyholders not attend the Meeting in person. Shareholders and proxyholders who do wish to attend the Meeting in person, should carefully consider and follow the instructions of the federal Public Health Agency of Canada (https://www.canada.ca/en/public-health/services/diseases/coronavirus-disease-covid-19.html), the orders and guidance issued by the British Columbia Provincial Health Officer and the Government of British Columbia (https://www2.gov.bc.ca/gov/content/health/about-bc-s-health-care-system/office-of-the-provincial-health-officer/current-health-topics/covid-19-novel-coronavirus) and those of the regional health authorities of the Province of British Columbia , including the Vancouver Coastal Health Authority and the Fraser Health Authority.
VANCOUVER — West Fraser Timber Co. Ltd. says it is withdrawing its production outlook for the year due to the uncertain impact of measures to cope with the COVID-19 pandemic.The Vancouver-based forest products producer says it expects output to be further hurt over the coming months from the novel coronavirus's influence on the supply chain and market demand.The warning came as the company swung to a profit in the first quarter, earning $12 million or 18 cents per basic share for the period ended March 31. That compared with a loss of $5 million or seven cents per share a year earlier.Excluding one-time items, adjusted profits were $28 million or 42 cents per share, up from $22 million or 32 cents per share in the first quarter of 2019.Revenues decreased 3.7 per cent to $1.195 billion, from $1.24 billion.West Fraser was expected to post an adjusted loss of 20 cents per share on $1.2 billion of revenues, according to the financial markets data firm Refinitiv.This report by The Canadian Press was first published April 28, 2020.Companies in this story: (TSX:WFT) The Canadian Press
VANCOUVER, April 9, 2020 /CNW/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") announced today that it has obtained from a syndicate of lenders an additional $150 million committed revolving credit facility. This committed facility has a term of two years and is made available on substantially the same terms and conditions as the Company's existing syndicated revolving credit facility from certain lenders that are part of that syndicate. As at March 31, 2020, West Fraser's total available liquidity, consisting of cash on hand and availability under its revolving credit facilities, was approximately $294 million, and, taking into account the availability of the new $150 million revolving credit facility as of such date, would have been approximately $444 million.
VANCOUVER , April 3, 2020 /CNW/ - In response to the continuing COVID-19 pandemic West Fraser is providing an update on production adjustments implemented to address changing operating, supply chain and market conditions. West Fraser will provide a further production outlook update as part of its Q1 earnings release scheduled for April 28 and does not anticipate providing another update before then. As a result of the continuing proliferation of the COVID-19 pandemic and the imposition of mandatory and recommended governmental restrictions on movement, travel, work and trade that are impacting our operations and employees, the demand for forest products and the availability of residuals and other inputs and transportation services, the following additional changes to operating schedules at West Fraser's manufacturing operations have been implemented.
VANCOUVER , March 27, 2020 /CNW/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") announced today that in light of ongoing concerns related to the spread of COVID-19, and in order to mitigate potential risks to the health and safety of its shareholders (the "Shareholders"), employees and communities, its annual general meeting (the "Meeting"), originally scheduled to be held on Tuesday, April 21, 2020 , in Quesnel, British Columbia is being rescheduled to Tuesday, May 26, 2020 at 11:30 a.m. and will be held in Vancouver , British Columbia. Given the current uncertainty regarding the COVID-19 longevity risk, West Fraser is also encouraging Shareholders and others to not attend the Meeting in person and to vote on the matters before the Meeting by proxy. West Fraser will provide details for a conference call to enable Shareholders to listen to the Meeting and ask questions.
VANCOUVER, March 25, 2020 /CNW/ - In response to the continuing COVID-19 pandemic West Fraser is taking additional steps to respond to changing operating and market conditions. As a result of the continuing proliferation of the COVID-19 pandemic and the imposition of mandatory and recommended governmental restrictions on movement, travel, work and trade that are impacting our operations and creating uncertainty in the demand for forest products, the following additional changes to operating schedules at West Fraser's manufacturing operations have been implemented. Effective March 30, lumber production at all British Columbia sawmills will be curtailed for one week.
VANCOUVER , March 19, 2020 /CNW/ - In response to the COVID-19 outbreak West Fraser is taking steps to protect its employees and respond to changing market conditions. West Fraser has taken a series of actions to ensure a safe and productive working environment. West Fraser has implemented changes to mitigate potential exposure at our worksites, with a focus on thorough cleaning, strict travel limitations, health education and appropriate social and physical distancing at all Company sites.
VANCOUVER , Feb. 11, 2020 /CNW/ - West Fraser today reported results for the fourth quarter and full year of 2019. Ray Ferris, CEO of West Fraser stated, "This past year has been challenging for West ...
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...
VANCOUVER , Dec. 10, 2019 /CNW/ - The Board of Directors of West Fraser Timber Co. Ltd. has declared a quarterly dividend of $0.20 per share on the Common shares and Class B Common shares in the capital ...
In this article we are going to estimate the intrinsic value of West Fraser Timber Co. Ltd. (TSE:WFT) by estimating...
A look at the shareholders of West Fraser Timber Co. Ltd. (TSE:WFT) can tell us which group is most powerful...
VANCOUVER , Oct. 21, 2019 /CNW/ - West Fraser Timber Co. Ltd. reports third quarter 2019 results: Third Quarter Highlights Completed closure of Chasm, British Columbia ("B.C.") lumber facility ...
VANCOUVER , Sept. 23, 2019 /CNW/ - West Fraser will hold an analysts' conference call to discuss third quarter 2019 financial and operating results on Tuesday, October 22, 2019 at 8:30 a.m. Pacific Time ...
VANCOUVER, Sept. 17, 2019 /CNW/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") announced today that it is proceeding with a renewal of its normal course issuer bid for up to 3,318,823 Common shares of the Company, representing approximately 5% of the issued and outstanding Common shares of the Company. On September 11, 2019, the Company had a total of 66,376,462 Common shares outstanding.
VANCOUVER, Sept. 9, 2019 /CNW/ - Today, West Fraser announced it will introduce variable operating schedules at five of its British Columbia sawmills that will result in an estimated decrease of production in the range of 15-25% of current B.C. lumber production. The operating schedules at these sawmills will vary and be adjusted from time to time depending on then market conditions. The potential effect of the revised operating schedules could be an aggregate reduction by up to an estimated 100 million board feet through to the end of the year. West Fraser also announced that it would curtail B.C. plywood production for two weeks reducing output by approximately 9 Msf. The variable operating schedules for sawmill operations and the curtailment of plywood operations in B.C. are expected to commence September 16, 2019.