Canfor's Q2 loss widens amid weak market conditions, softwood lumber duties
The forestry products company says it had a net loss of $202.8 million in the quarter compared to a net loss of $191.1 million in the same quarter last year.
Its adjusted net loss was $67 million compared to a loss of $168.7 million in the same quarter last year.
Canfor says it had an adjusted net loss of 56 cents per diluted share, compared to $1.42 per share last year, while the mean analyst estimate had been for a loss of 27 cents per share, according to LSEG Data & Analytics.
Chief executive Susan Yurkovich says the North American market is facing sluggish demand and weak pricing, leading the company to permanently close two sawmills in South Carolina.
She says the company is doing what it can to adapt as it faces punitive U.S. softwood lumber duties and ongoing global economic and trade uncertainty.
This report by The Canadian Press was first published Aug. 1, 2025.
Companies in this story: (TSX:CFP)
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Butterfly is a leading 'seed to fork' food ecosystem investor in North America and seeks to generate consistent investment returns through deep sector expertise, a data-driven investment process, and an operations-driven approach to value creation. Since its founding in 2016, the firm has invested in a diverse portfolio of category-leading businesses representing approximately $8 billion in enterprise value including The Duckhorn Portfolio, Rise Baking Company, Actus Nutrition, Chosen Foods, MaryRuth Organics, Pete and Gerry's, Orgain, Generous Brands, Bolthouse Fresh Foods, QDOBA, and Pacifico Aquaculture. To learn more, please visit About Manna Tree Founded by Gabrielle (Ellie) Rubenstein and Ross Iverson in 2018, Manna Tree is a global private equity firm committed to investing in companies that empower consumers to live better, longer. 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