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Last C$1.88 CAD
Change Today +0.02 / 1.08%
Volume 1.8M
WEF On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Stuttgart
As of 4:00 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

western forest products inc (WEF) Snapshot

Open
C$1.86
Previous Close
C$1.86
Day High
C$1.95
Day Low
C$1.81
52 Week High
01/2/15 - C$2.80
52 Week Low
08/24/15 - C$1.57
Market Cap
742.7M
Average Volume 10 Days
2.3M
EPS TTM
C$0.15
Shares Outstanding
395.1M
EX-Date
08/28/15
P/E TM
12.5x
Dividend
C$0.08
Dividend Yield
4.26%
Current Stock Chart for WESTERN FOREST PRODUCTS INC (WEF)

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western forest products inc (WEF) Details

Western Forest Products Inc. operates as an integrated softwood forest products company. The company is involved in the harvesting of timber; reforestation; forest management; manufacture and sale of lumber and wood chips; sale of logs; and lumber remanufacturing. Its products include western red cedar, douglas fir, hem-fir, yellow cedar, and sitka spruce lumber. The company sells its products in approximately 25 countries worldwide. Western Forest Products Inc. was founded in 1955 and is headquartered in Vancouver, Canada.

2,063 Employees
Last Reported Date: 02/17/15
Founded in 1955

western forest products inc (WEF) Top Compensated Officers

Chief Executive Officer, President and Non In...
Total Annual Compensation: C$454.2K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: C$101.5K
Chief Forester and Vice President
Total Annual Compensation: C$164.7K
Vice President of Log Sales & Marketing
Total Annual Compensation: C$211.7K
Vice President of Lumber Sales & Marketing
Total Annual Compensation: C$193.1K
Compensation as of Fiscal Year 2014.

western forest products inc (WEF) Key Developments

Western Forest Products Inc. Confirms Dividend for the Fiscal Third Quarter 2015, Payable on or About September 18, 2015

Western Forest Products Inc. confirmed that a quarterly dividend of $0.02 per share will be paid with respect to the company's third fiscal quarter of 2015 to shareholders of record as at the close of business on September 1, 2015 and will be distributed on or about September 18, 2015.

Western Forest Products Inc. Announces Executive Changes

Western Forest Products Inc. announced the appointment of Jane Bird to its Board of Directors and the appointment of current director Daniel Nocente as independent Lead Director. Ms. Bird has held the positions of Chief Executive Officer at Columbia Power Corporation and Chief Executive Officer at Canada Line Rapid Transit Inc. She was most recently responsible for the Canada House Renewal Project in London, UK as an Attaché with Canada’s Department of Foreign Affairs, International Trade and Development. Ms. Bird currently serves on the Board of Directors of Global Container Terminals Inc., BC Ferry Services Inc., and IBI Group Inc.

Western Forest Products Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Western Forest Products Inc. reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $289.2 million compared to $296.2 million a year ago. Adjusted EBITDA was $29.2 million compared to $40.9 million a year ago. Operating income prior to restructuring items and other income was $21.0 million compared to $31.3 million a year ago. Net income from continuing operations was $19.1 million compared to $29.2 million a year ago. Net income was $19.1 million or $0.05 per diluted share compared to $29.2 million or $0.07 per diluted share a year ago. Adjusted EBITDA declined due to lower commodity and Japan lumber pricing and the imposition of lumber duties into the U.S., as well as lower prices for export logs. Net income decreased due to challenging conditions in commodity and Japan lumber markets and through the imposition of export tax on lumber sales to the U.S. Cash provided by operating activities in the quarter amounted to $20.6 million compared to $30.4 million provided in the second quarter of 2014. This decline was due largely to the reduced profitability and increase in funds used in working capital, including an inventory increase as the company positioned its log and lumber inventory for the second half of 2015. Capital expenditures were $15.6 million in the quarter, made up of discretionary maintenance capital of $7.3 million, discretionary investments in roads of $3.7 million and strategic capital spend of $4.6 million. For six months, the company reported revenue of $537.8 million compared to $542.2 million a year ago. Adjusted EBITDA was $58.8 million compared to $73.7 million a year ago. Operating income prior to restructuring items and other income was $41.1 million compared to $56.2 million a year ago. Net income from continuing operations was $37.6 million compared to $52.8 million a year ago. Net income was $46.7 million or $0.10 per diluted share compared to $52.8 million or $0.13 per diluted share a year ago. Net debt as on June 30, 2015 was $70.7 million.

 

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WEF Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Deltic Timber Corp $61.98 USD +0.75
Plum Creek Timber Co Inc $39.12 USD +0.11
Rayonier Inc $23.26 USD +0.04
St Joe Co/The $17.42 USD -0.12
Universal Forest Products Inc $60.07 USD +0.07
View Industry Companies
 

Industry Analysis

WEF

Industry Average

Valuation WEF Industry Range
Price/Earnings 13.1x
Price/Sales 0.7x
Price/Book 1.6x
Price/Cash Flow 11.2x
TEV/Sales 0.6x
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