Edition:
United States

Western Forest Products Inc (WEF.TO)

WEF.TO on Toronto Stock Exchange

1.82CAD
4:00pm EST
Change (% chg)

$0.02 (+1.11%)
Prev Close
$1.80
Open
$1.82
Day's High
$1.86
Day's Low
$1.81
Volume
709,798
Avg. Vol
900,633
52-wk High
$2.95
52-wk Low
$1.74

Latest Key Developments (Source: Significant Developments)

Western Forest Products Announces Acquisition Of Columbia Vista Corp
Tuesday, 20 Nov 2018 04:30pm EST 

Nov 20 (Reuters) - Western Forest Products Inc ::WESTERN FOREST PRODUCTS INC ANNOUNCES ACQUISITION OF COLUMBIA VISTA CORPORATION, GROWING ITS SPECIALTY PRODUCTS BUSINESS.WESTERN FOREST PRODUCTS INC - DEAL FOR CONSIDERATION OF US$30.5 MILLION, INCLUDING WORKING CAPITAL OF US$6.7 MILLION.WESTERN FOREST PRODUCTS INC - TRANSACTION WILL BE FINANCED WITH CASH ON HAND AND AVAILABLE CREDIT FACILITIES.WESTERN FOREST PRODUCTS INC - ACQUISITION OF COLUMBIA VISTA CORPORATION IS ACCRETIVE TRANSACTION.  Full Article

Western Reports Q4 Earnings Per Share C$0.05
Thursday, 15 Feb 2018 07:12pm EST 

Feb 15 (Reuters) - Western Forest Products Inc ::WESTERN ANNOUNCES FOURTH QUARTER AND FISCAL 2017 YEAR-END RESULTS.Q4 EARNINGS PER SHARE C$0.05.Q4 REVENUE C$283.1 MILLION VERSUS C$293 MILLION.‍COMPANY HAS PROMOTED STEPHEN WILLIAMS TO EXECUTIVE VICE-PRESIDENT & CHIEF FINANCIAL OFFICER​.SAYS EXPECT COMMODITY LUMBER BUSINESS TO CONTINUE TO BENEFIT FROM INCREASED CONSUMPTION OF LUMBER IN CHINA AND US.  Full Article

Western Forest Products To Acquire Processing And Distribution Centre In Arlington, Washington
Wednesday, 6 Dec 2017 10:59pm EST 

Dec 7 (Reuters) - Western Forest Products Inc ::WESTERN FOREST PRODUCTS TO ACQUIRE PROCESSING AND DISTRIBUTION CENTRE IN ARLINGTON, WASHINGTON.‍PURCHASE PRICE OF TRANSACTION IS APPROXIMATELY $9 MILLION AND IS ANTICIPATED TO CLOSE IN JANUARY 2018​.  Full Article

Western Forest Products announces closure of Englewood Train
Tuesday, 7 Nov 2017 06:00pm EST 

Nov 7 (Reuters) - Western Forest Products Inc ::Western Forest Products announces closure of Englewood Train.Western Forest Products Inc - ‍as a result of closure of train, 34 positions will be eliminated​.  Full Article

Western Forest Products Q3 earnings per share C$0.04
Thursday, 2 Nov 2017 08:20pm EDT 

Nov 2 (Reuters) - Western Forest Products Inc :Western announces third quarter 2017 results.Q3 earnings per share c$0.04.Q3 revenue c$285.2 million versus c$322.7 million.Q3 earnings per share view c$0.06 -- Thomson Reuters I/B/E/S.  Full Article

Western Forest Products announced indefinite curtailment of its Somass Sawmill, located in Port Alberni
Thursday, 27 Jul 2017 06:00pm EDT 

July 27 (Reuters) - Western Forest Products Inc :Announced indefinite curtailment of its Somass Sawmill, located in Port Alberni, B.C..Western Forest products says ‍somass Sawmill has been temporarily curtailed since February 2017, prior to which it operated on a single shift basis​.Western Forest Products Inc - ‍Expects to offset lost production from somass by increasing production at its other operations on Vancouver Island​.Western Forest Products Inc says Western intends to offer voluntary severance to its Somass Sawmill hourly employees.Western Forest Products Inc - Cost reductions will be delivered through operational consolidation.Decision to indefinitely curtail operations is in response to lack of log supply to operate mill efficiently.Western Forest Products - Decision to curtail operations also from uncertainty by duties applied to Canadian Softwood lumber products sold into us.  Full Article

Western Forests Products Q1 earnings per share C$0.04
Wednesday, 3 May 2017 06:48pm EDT 

May 3 (Reuters) - Western Forest Products Inc :Western announces first quarter 2017 results.Q1 revenue C$287.7 million versus C$269.8 million.Q1 earnings per share C$0.04.  Full Article

Western Forest Products announces closure of its South Vancouver island remanufacturing plant
Wednesday, 25 Jan 2017 07:30pm EST 

Western Forest Products Inc : Western Forest Products Inc. announces remanufacturing consolidation . Western Forest Products Inc -all employees from this facility have been provided jobs at company's other operations or received compensation for closure. . Investment in and consolidation of operations is part of western's broader strategic plan to become globally competitive .Announces permanent closure of its South Vancouver island remanufacturing plant.  Full Article