WEF.TO - Western Forest Products Inc.

Toronto - Toronto Delayed Price. Currency in CAD
1.3300
-0.0100 (-0.75%)
At close: 4:15PM EDT
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Previous Close1.3400
Open1.3400
Bid1.3200 x 0
Ask1.3600 x 0
Day's Range1.3200 - 1.3800
52 Week Range1.1300 - 2.3700
Volume553,806
Avg. Volume527,325
Market Cap506.858M
Beta (3Y Monthly)1.01
PE Ratio (TTM)23.33
EPS (TTM)0.0570
Earnings DateMay 4, 2017 - May 8, 2017
Forward Dividend & Yield0.09 (6.87%)
Ex-Dividend Date2019-08-29
1y Target Est1.67
  • GlobeNewswire

    Mediated Talks Break Off

    Western Forest Products Inc (WEF.TO) (“Western” or the “Company”) announced today that the United Steelworkers Local 1-1937 (“USW”) withdrew from mediation with the Company and independent-mediators Vince Ready and Amanda Rogers after a few hours of talks on late Friday, September 13, 2019. The mediators informed the Company that the USW had left, and would not be returning for talks, scheduled for the full day on September 14, 2019. The strike affects all the Company’s USW certified manufacturing and timberlands operations in British Columbia, impacting approximately 1,500 of the Company’s hourly employees and approximately 1,500 employees working for the Company’s timberland operators and contractors.

  • CNW Group

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    S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index

  • Is Western Forest Products (TSE:WEF) Using Too Much Debt?
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    Is Western Forest Products (TSE:WEF) Using Too Much Debt?

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  • GlobeNewswire

    Western Welcomes Return to Bargaining Table; Responds to NAFTA Challenge Panel Decision

    Western Forest Products Inc (WEF.TO) (“Western” or the “Company”) announced today that the Company and the United Steelworkers Local 1-1937 (“USW”) expect to begin mediation with independent-mediator Vince Ready on September 13, 2019. “We look forward to resuming discussions with the USW to negotiate a collective agreement that creates certainty for our employees, while maintaining Western’s competitive position during this particularly challenging time for the forest industry,” said Don Demens, President and CEO of Western.

  • Thomson Reuters StreetEvents

    Edited Transcript of WEF.TO earnings conference call or presentation 2-Aug-19 4:00pm GMT

    Q2 2019 Western Forest Products Inc Earnings Call

  • GlobeNewswire

    Western Forest Products Inc. Announces Renewal of Normal Course Issuer Bid

    Western Forest Products Inc. (WEF.TO) (“Western” or the “Company”) announced today that it has received approval from the Toronto Stock Exchange ("TSX") to renew a normal course issuer bid ("NCIB") to purchase for cancellation up to 18,763,888 of its common shares, representing approximately 5% of the 375,277,766 common shares issued and outstanding as of August 1, 2019. The NCIB, which will begin on August 8, 2019 and end no later than August 7, 2020, unless completed or terminated earlier, will be conducted through open market transactions through the facilities of the TSX or other Canadian marketplaces or alternative trading systems and will conform to their rules and regulations. The price to be paid by Western for any common share will be the market price at the time of acquisition.

  • GlobeNewswire

    Western Forest Products Inc. Confirms Record Date of Third Quarter 2019 Dividend

    Western Forest Products Inc. (WEF.TO) (“Western” or the “Company”) is pleased to confirm that a quarterly dividend of $0.0225 per share will be paid with respect to the Company’s third fiscal quarter of 2019 to shareholders of record as at the close of business on Friday, August 30, 2019 and payable on Friday, September 13, 2019. The dividend will return a portion of the Company’s cash to shareholders, after taking into consideration the Company’s liquidity and ongoing capital needs. Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets.

  • GlobeNewswire

    Western Announces Second Quarter 2019 Results

    Western Forest Products Inc. (WEF.TO) (“Western” or the “Company”) reported adjusted EBITDA of $15.1 million in the second quarter of 2019. Results were impacted by challenging markets which led to production curtailments, and higher British Columbia (“BC”) coastal operating costs. On June 28, 2019, the United Steelworkers Local 1-1937 (“USW”), the union representing a majority of the Company’s hourly employees and employees working for its timberland contractors in BC, served seventy-two hours’ notice of strike action.

  • GlobeNewswire

    Western Forest Products Inc. Announces Temporary Curtailment

    Western Forest Products Inc. (WEF.TO) (“Western” or the “Company”) announced today a temporary curtailment at its Ladysmith sawmill in part due to action taken by the United Steelworkers Local 1-1937 (“USW”) which has impeded log supply to the mill. Operations will be curtailed once log supply is depleted, which is expected to occur on or before August 1, 2019. “We’ve had to make the decision to temporarily curtail operations at Ladysmith due to a lack of log supply in part due to the United Steelworkers’ decision to take strike action and prevent the movement of logs, amidst challenging market conditions,” said Don Demens, President & CEO of Western.

  • GlobeNewswire

    Western Announces Receipt of Strike Notice

    Western Forest Products Inc. (WEF.TO) (“Western” or the “Company”) announced today that the Company, as well as some of our contractors, have been served with 72-hour strike notice from the United Steelworkers (USW) Local 1-1937 (“Union”) in relation to some of its operations in British Columbia, Canada. Western has been in negotiations with the Union since April 2019 for a new collective agreement to replace the Company’s prior agreement with the Union.

  • GlobeNewswire

    Western Forest Products Inc. Announces Automatic Share Purchase Plan Pursuant to its Normal Course Issuer Bid

    Western Forest Products Inc. (WEF.TO) (“Western” or the “Company”) announced today that in connection with its normal course issuer bid that was previously announced on August 3, 2018 (the “Bid”), it has entered into an automatic share purchase plan (the “Plan”) with its designated broker to facilitate purchases of its common shares under the Bid from July 1, 2019 to the end of August 6, 2019. The Plan allows Western to purchase common shares at times when it would ordinarily not be permitted to purchase its common shares due to regulatory restrictions or self-imposed blackout periods. Pursuant to the Plan, before entering a blackout period, Western may, but is not required to, instruct its broker to make purchases under the Bid in accordance with the terms of the Plan.

  • GlobeNewswire

    Western Forest Products Inc. Announces Temporary Production Curtailments

    Western Forest Products Inc. (WEF.TO) (“Western” or the “Company”) announced today temporary production curtailments at three of its sawmills to align production volumes to match current customer demand. The Company will also reduce operating levels from 120 hours per week to 80 hours per week at its Chemainus sawmill. “The temporary production curtailments are necessary due to challenging market conditions,” said Don Demens, Western’s President and CEO.

  • What Type Of Shareholder Owns Western Forest Products Inc.'s (TSE:WEF)?
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    What Type Of Shareholder Owns Western Forest Products Inc.'s (TSE:WEF)?

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  • GlobeNewswire

    TFL 44 Limited Partnership Holds First Board of Directors Meeting Advancing Vision of Stronger Forest Sector in Alberni Valley

    The newly formed TFL 44 Limited Partnership, a partnership between Huu-ay-aht First Nations (“Huu-ay-aht”) and Western Forest Products Inc. (“Western”), held their first Board of Directors (the “Board”) meeting today. Aligned with their goal of providing more long-term sustainability for the forest sector and the region, the Board took a number of positive steps forward to execute on several key terms of their partnership agreement. The Board approved moving forward with a manufacturing study to evaluate the fibre supply in the Alberni Valley, including TFL 44 Limited Partnership and Huu-ay-aht lands and crown tenures.

  • Western Forest Products Inc. (TSE:WEF) Insiders Increased Their Holdings
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    Western Forest Products Inc. (TSE:WEF) Insiders Increased Their Holdings

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  • Thomson Reuters StreetEvents

    Edited Transcript of WEF.TO earnings conference call or presentation 2-May-19 7:00pm GMT

    Q1 2019 Western Forest Products Inc Earnings Call

  • GlobeNewswire

    Western Forest Products Inc. Announces Election of Directors

    VANCOUVER, British Columbia, May 02, 2019 -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announces the following voting results in respect of the.

  • GlobeNewswire

    Western Forest Products Inc. Confirms Record Date of Second Quarter 2019 Dividend

    Western Forest Products Inc. (WEF.TO) (“Western” or the “Company”) is pleased to confirm that a quarterly dividend of $0.0225 per share will be paid with respect to the Company’s second fiscal quarter of 2019 to shareholders of record as at the close of business on Friday, May 31, 2019 and payable on Friday, June 14, 2019. The dividend will return a portion of the Company’s cash to shareholders, after taking into consideration the Company’s liquidity and ongoing capital needs. Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets.

  • GlobeNewswire

    Western Announces First Quarter 2019 Results

    Western Forest Products Inc. (WEF.TO) (“Western” or the “Company”) reported adjusted EBITDA of $18.1 million in the first quarter of 2019. In response, we leveraged our flexible operating platform, scaling back commodity production to match market demand and delivered an improved specialty sales mix to partly mitigate a weaker pricing environment.

  • Here’s What Western Forest Products Inc.’s (TSE:WEF) Return On Capital Can Tell Us
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    Here’s What Western Forest Products Inc.’s (TSE:WEF) Return On Capital Can Tell Us

    Today we'll look at Western Forest Products Inc. (TSE:WEF) and reflect on its potential as an investment. Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the busine...

  • GlobeNewswire

    Western Forest Products Inc. Announces Release Date of First Quarter 2019 Results and Conference Call Details

    VANCOUVER, British Columbia, April 01, 2019 -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) first quarter 2019 financial and operating results will be.

  • GlobeNewswire

    Western Forest Products Inc. Completes Sale of Ownership Interest in Port Alberni Forest Operation to Huumiis Ventures Limited Partnership

    Huumiis Ventures Limited Partnership (“HVLP”), a limited partnership beneficially owned by the Huu-ay-aht First Nations (“Huu-ay-aht”), and Western Forest Products Inc. (WEF.TO) (“Western”) announced today the completion of HVLP’s acquisition from Western of a 7% interest in the newly formed TFL 44 Limited Partnership. “The transaction is a positive step for Western, for Huu-ay-aht and for the Alberni Valley,” said Don Demens, Western’s President and CEO. A community celebration and official signing ceremony was held on Huu-ay-aht traditional territory in Anacla to mark the milestone.

  • GlobeNewswire

    Western Forest Products Publishes Sustainability Report

    Western Forest Products Inc. (WEF.TO) (“Western” or the “Company”) announced today that it has published its first sustainability report, highlighting the Company’s governance, environmental and social practices and performance during 2018. The report is available on the Company’s website at www.westernforest.com/responsibility. “Sustainable practices have always defined who we are at Western,” said Don Demens, President and Chief Executive Officer.

  • GlobeNewswire

    Western Forest Products’ CEO Exercises Options

    VANCOUVER, British Columbia , March 13, 2019 -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that Don Demens, President & Chief.