May 6, 2026
Vancouver, BC - Canfor Corporation (TSX: CFP) today reported its first quarter of 2026 results:
Overview
- For the first quarter of 2026, the Company reported an operating loss of $73 million and shareholder net loss of $72 million, equivalent to $0.62 per share.
- After taking into consideration adjusting items1 of $20 million, the adjusted operating loss for Q1 2026 was $93 million, compared to an adjusted operating loss of $145 million in Q4 2025.
- Global lumber markets remained challenging throughout Q1 2026, largely reflecting relatively subdued demand and ongoing trade and geopolitical pressures; however, periods of supply tightness contributed to some improvement in North American benchmark lumber pricing.
- Global softwood pulp markets remained weak through Q1 2026, with persistently soft markets in China, while North American markets demonstrated some relative resilience, driven primarily by supply pressures.
- Canfor acquired the remaining issued and outstanding shares of Canfor Pulp Products Inc. ("Canfor Pulp"), resulting in 100% ownership of Canfor Pulp.