Business
Notice of First Quarter Results Conference Call and Softwood Lumber Duties and Operational Update
Notice of First Quarter Results Conference Call and Softwood Lumber Duties and Operational Update...
About this update from West Fraser Timber Co. Ltd.
[{"type":"text","content":"\n\n\nNotice of First Quarter Results Conference Call and Softwood Lumber Duties and Operational Update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nVANCOUVER, BC, April 16, 2026 /CNW/ - West Fraser Timber Co. Ltd. (\"West Fraser\" or the \"Company\") (TSX and NYSE: WFG) will hold an analysts' conference call to discuss first quarter 2026 financial and operating results on Thursday, April 30, 2026 at 8:30 a.m. Pacific Time/11:30 a.m. Eastern Time.\nTo participate in the call, please dial:  1-888-510-2154 (Toll-free North America) or (437) 900-0527 (Toll number) or connect on the webcast.Please let the operator know you wish to participate in the West Fraser conference call chaired by Mr. Sean McLaren, President and Chief Executive Officer.Following management's discussion of the quarterly results, the analyst community will be invited to ask questions.Update on US Department of Commerce ('USDOC') Softwood Lumber Duties The USDOC issued preliminary rates for the seventh administrative review period (AR7) on April 9 for Anti-Dumping Duties (ADD) and Countervailing Duties (CVD), covering shipments made during the 2024 calendar year. These rates are expected to be finalized and come into effect later this year and would decrease the Company's combined current cash deposit rate from 26.47% to 20.70% at the announced rates.The Company expects to record a $73 million non-cash charge in Q1-26 to export duty expense, representing the difference between previously recorded expense for 2024 based on CVD cash deposit rates of 2.19% and 6.85% during the year and the preliminary CVD rate released of 15.93%.Additionally, the USDOC is processing the liquidation of ADD for the first administrative review period (AR1) covering exports between August 2017 and December 2017. Based on the liquidation rate, the Company expects to receive a refund of $15 million in 2026. The Company expects to take an additional $41 million non-cash charge to export duty expense in Q1-26, representing a change in the estimate of amounts recoverable and payable c...