Canfor (TSE:CFP) Releases Quarterly Earnings Results

Canfor (TSE:CFP) issued its earnings results on Wednesday. The company reported C($0.48) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$1.28 billion during the quarter. Canfor had a negative net margin of 12.04% and a negative return on equity of 25.37%.

Here are the key takeaways from Canfor’s conference call:

• Canfor’s lumber business generated CAD 108 million in adjusted EBITDA in Q3, bringing year-to-date adjusted EBITDA to CAD 280 million. Improved North American realizations and southern yellow pine shipments, along with European log-cost relief, supported results despite subdued markets.
• The company’s U.S. lumber duty rate fell from 47.6% to 31% after the latest review, easing a significant cost pressure. Management does not expect a major rebound in Canadian exports to the U.S., as much of the capacity that exited is permanently closed.
• Canfor completed the Iron Mountain sawmill rebuild and acquired PinkWood, which management says is meeting expectations and adds exposure to specialty products. The company also closed Northwood pulp and three sawmills, saying portfolio changes should support further cost improvements.
• Management remains cautious on near-term demand amid affordability challenges and higher U.S. mortgage rates, with customers taking a more guarded view of late 2026 and 2027. European demand was mixed, and the company expects repair-and-remodel activity to remain broadly steady.
• Paper and pulp produced just CAD 2 million in adjusted EBITDA for the quarter, though that was CAD 14 million above the prior quarter. Canfor ended Q3 with about CAD 1.1 billion in available liquidity and plans to reduce capital spending from approximately CAD 210 million in 2026 to CAD 100 million in 2027.

Canfor Stock Performance

TSE CFP traded down C$0.20 during trading on Wednesday, reaching C$14.78. The company’s stock had a trading volume of 142,818 shares, compared to its average volume of 214,395. The company has a debt-to-equity ratio of 41.78, a quick ratio of 2.14 and a current ratio of 1.35. The firm has a market cap of C$1.73 billion, a price-to-earnings ratio of -2.65 and a beta of 1.05. Canfor has a twelve month low of C$10.86 and a twelve month high of C$16.59. The business’s fifty day moving average price is C$14.96 and its 200-day moving average price is C$14.07.

Insider Activity

In related news, insider Stephen Roche Mackie sold 4,052 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of C$16.00, for a total value of C$64,832.00. Following the transaction, the insider owned 5,410 shares in the company, valued at C$86,560. The trade was a 42.82% decrease in their position. Also, Director Cheryl Anne-Marie Yaremko acquired 10,000 shares of Canfor stock in a transaction on Thursday, October 8th. The shares were bought at an average cost of C$14.01 per share, with a total value of C$140,100.00. Following the completion of the purchase, the director owned 10,000 shares in the company, valued at C$140,100. The trade was a ∞ increase in their ownership of the stock. 53.92% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CFP shares. Raymond James Financial raised shares of Canfor from a “moderate buy” rating to a “strong-buy” rating and boosted their price target for the company from C$17.00 to C$21.00 in a research report on Tuesday, September 15th. TD cut their target price on Canfor from C$20.00 to C$18.00 and set a “buy” rating on the stock in a research report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Canfor has a consensus rating of “Moderate Buy” and a consensus price target of C$17.50.

About Canfor

Canfor Corp is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and green energy. Proudly headquartered in Vancouver, British Columbia, Canfor Corp produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. Canfor Corp has a 77% stake in Vida AB, Sweden’s largest privately owned sawmill company and also owns, approximately, a 54.8% interest in Canfor Pulp.