Western Forest Products narrows Q4 loss

Western Forest Products reported a net loss of $14.3 million in the fourth quarter of 2023, compared with losses of $17.4 million in the previous quarter and $21.4 million a year earlier. That was attributed to lower pricing and shipment volumes on a stronger lumber sales mix. The annual net loss of $70.1 million for 2023 followed net income of $61.8 million in 2022.