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Last C$2.28 CAD
Change Today +0.01 / 0.44%
Volume 843.0K
As of 4:00 PM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

western forest products inc (WEF) Snapshot

Open
C$2.24
Previous Close
C$2.27
Day High
C$2.28
Day Low
C$2.24
52 Week High
01/2/15 - C$2.80
52 Week Low
04/7/15 - C$1.78
Market Cap
900.7M
Average Volume 10 Days
2.5M
EPS TTM
C$0.17
Shares Outstanding
395.1M
EX-Date
05/28/15
P/E TM
13.2x
Dividend
C$0.08
Dividend Yield
3.51%
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
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 Second Quarter of 2015, Payable on or About June 19, 2015

Western Forest Products Inc. announced that a quarterly dividend of $0.02 per share will be paid with respect to the company's second fiscal quarter of 2015 to shareholders of record as at the close of business on June 1, 2015 and will be distributed on or about June 19, 2015.

Western Forest Products Inc. Reports Earnings Results for the First Quarter Ended March 31, 2015; Provides Financial Guidance for 2015; Announces Additional Planned Strategic Capital Investments of $30.0 Million

Western Forest Products Inc. reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $248.6 million, compared to $246.0 million a year ago, $16 million better than last quarter. Increased log shipments, an improved lumber sales mix, and the benefit of a 12% weakening of the Canadian dollar relative to the USD contributed to these results. The company adjusted EBITDA for the quarter was $29.6 million, compared to $32.8 million a year ago, a 10% decrease over the same period last year, but double the EBITDA achieved in the fourth quarter of 2014. The improved adjusted EBITDA result was driven by increased log shipments and improved lumber sales mix in a weaker Canadian dollar relative to the USD. The company reported net income of $27.6 million or $0.07 per diluted share was better than the $23.6 million or $0.06 per diluted share reported in the same quarter last year due to the gain on the sale of the former Squamish pulp mill site. Cash provided by operating activities in first quarter of 2015 amounted to $8.2 million compared to $20.4 million provided in the first quarter of 2014. The decline primarily relates to an increase in the funds used in working capital, including building inventories by more than $21 million in the first quarter of 2015 to position the business for seasonally improved demand in the second quarter. Capital expenditures totaled $10.1 million in the current quarter, made up of discretionary maintenance capital of $2.8 million, road investments of $2.5 million and strategic capital of $4.8 million. Net income from continuing operations $18.5 million compared to $23.6 million a year ago. Net debt at March 31, 2015 was $67.1 million compared to $78.9 million at March 31, 2014. The second quarter has historically produced the high quarterly lumber sales volume, and the company expects the same for 2015. Led by seasonally improved growth in U.S. new home construction and the impact of a tight log supply in the domestic market, the company expects commodity lumber demand and pricing to improve late in the second quarter. Lumber shipments to the U.S. began to incur an export tax of 5% in April. Demand for Niche products is anticipated to continue its upward trend during the second quarter, a time of increased demand in the U.S. repair and renovation market. The company expects prices for WRC and Niche lumber products to remain firm. Pulp log market pricing is expected to remain flat as current market challenges including a coastal pulp mill curtailment, are expected to remain through 2015. On May 7, 2015, the company announced additional planned strategic capital investments of $30.0 million. Despite current market pressures, the company is well positioned to pursue these capital investments as a result of strong balance sheet and cash generated from operations. The upcoming capital investments in operations are expected to increase productivity, reduce production costs, and increase margins from Western's continued harvest of its complete forest profile. On completing the strategic capital program, the company expects to have improved competitiveness and gained access to new markets.

Western Forest Products Inc. to Report Q1, 2015 Results on May 07, 2015

Western Forest Products Inc. announced that they will report Q1, 2015 results After-Market on May 07, 2015

 

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WEF:CN C$2.28 CAD +0.01

WEF Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Deltic Timber Corp $69.16 USD +0.87
Plum Creek Timber Co Inc $40.96 USD -0.07
Rayonier Inc $25.96 USD -0.05
St Joe Co/The $15.89 USD +0.19
Universal Forest Products Inc $52.19 USD +0.07
View Industry Companies
 

Industry Analysis

WEF

Industry Average

Valuation WEF Industry Range
Price/Earnings 14.2x
Price/Sales 0.9x
Price/Book 2.1x
Price/Cash Flow 12.3x
TEV/Sales 0.8x
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