West Fraser shrinks its losses in 2024

West Fraser Timber Co. Ltd. reported fourth-quarter 2024 results that included a loss of $62 million on sales of $1.405 billion. The company reports that its engineered wood products business in North America enjoyed some resilience, while the lumber segment also realized modest improvement. Full-year sales were $6.17 billion, down from $6.45 billion in 2023. West Fraser’s loss shrank to $5 million from a loss of $167 million in 2023.