Canfor Corporation

Canfor Corporation Earnings Recaps

CFP.TO Materials 1 recap
Next earnings: October 22, 2026 (estimated) · full calendar
Q2 2026 Aug 1, 2026

Canfor’s shares jumped 10.0% as lumber pricing and volumes exceeded expectations, driven by supply constraints and operational improvements, offsetting ongoing pulp sector weakness and announced mill closures.

Key takeaways
  • Lumber adjusted EBITDA reached $145 million in Q2, a $116 million increase from Q1, supported by higher prices and leaner inventories.
  • European lumber segment improved with $37 million adjusted EBITDA, reflecting better pricing, shipments, and modest log cost relief.
  • North American lumber results were bolstered by cost efficiencies and strong performance in the U.S. South market.
  • Pulp operations posted a $12 million adjusted EBITDA loss, impacted by weak global pulp markets and planned downtime.
  • The company announced closures of the Northwood pulp mill and three sawmills, reflecting structural pulp market challenges and declining fiber supply, with associated impairment charges expected in Q3.
Full recap

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