Latest news with #CanforPulp
Cision Canada
12-05-2025
- Business
- Cision Canada
Canfor Pulp Announces Voting Results for Election of Directors
VANCOUVER, BC, May 12, 2025 /CNW/ - Canfor Pulp Products Inc. (TSX: CFX) announces, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held Thursday, May 8, 2025, in Vancouver, British Columbia. A total of 51,756,751 common shares were voted at the meeting representing 79.34% of the votes attached to all outstanding shares. Shareholders voted in favour of all items of business before the meeting, including the election of all director nominees as follows: Detailed voting results for the meeting are available on SEDAR at The above figures are based on proxies voted for and percentage of votes for at the meeting. Forward-looking statements. Certain statements in this press release constitute "forward-looking statements" which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as "expects", "anticipates", "projects", "intends", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Forward-looking statements are based on current expectations and Canfor assumes no obligation to update such information to reflect later events or developments, except as required by law. About Canfor Pulp Products Inc. Canfor Pulp Products Inc. ("Canfor Pulp" or "CPPI") is a leading global supplier of pulp and paper products with operations in the northern interior of British Columbia ("BC"). Canfor Pulp operates two mills in Prince George, BC with a total capacity of 780,000 tonnes of Premium Reinforcing Northern Bleached Softwood Kraft ("NBSK") pulp (including 300,000 tonnes of annual production capacity that, effective August 2024, has been indefinitely curtailed), and 140,000 tonnes of kraft paper. CPPI shares are traded on the Toronto Stock Exchange under the symbol CFX. For more information visit
Yahoo
12-05-2025
- Business
- Yahoo
Canfor Pulp Announces Voting Results for Election of Directors
VANCOUVER, BC, May 12, 2025 /CNW/ - Canfor Pulp Products Inc. (TSX: CFX) announces, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held Thursday, May 8, 2025, in Vancouver, British Columbia. A total of 51,756,751 common shares were voted at the meeting representing 79.34% of the votes attached to all outstanding shares. Shareholders voted in favour of all items of business before the meeting, including the election of all director nominees as follows:Votes For Votes Withheld % of Votes For (rounded) J. Craig Armstrong 50,725,701 989,752 98.09 % John R. Baird 50,408,936 1,306,517 97.47 % Dieter W. Jentsch 50,409,006 1,306,447 97.47 % Norm Mayr 50,389,619 1,325,834 97.44 % Sandra Stuart 50,713,344 1,002,109 98.06 % Susan Yurkovich 50,726,002 989,451 98.09 % Detailed voting results for the meeting are available on SEDAR at The above figures are based on proxies voted for and percentage of votes for at the meeting. Forward-looking statements. Certain statements in this press release constitute "forward-looking statements" which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as "expects", "anticipates", "projects", "intends", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Forward-looking statements are based on current expectations and Canfor assumes no obligation to update such information to reflect later events or developments, except as required by law. About Canfor Pulp Products Inc. Canfor Pulp Products Inc. ("Canfor Pulp" or "CPPI") is a leading global supplier of pulp and paper products with operations in the northern interior of British Columbia ("BC"). Canfor Pulp operates two mills in Prince George, BC with a total capacity of 780,000 tonnes of Premium Reinforcing Northern Bleached Softwood Kraft ("NBSK") pulp (including 300,000 tonnes of annual production capacity that, effective August 2024, has been indefinitely curtailed), and 140,000 tonnes of kraft paper. CPPI shares are traded on the Toronto Stock Exchange under the symbol CFX. For more information visit SOURCE Canfor Pulp Products Inc. View original content to download multimedia:
Yahoo
11-05-2025
- Business
- Yahoo
Canfor Pulp Products First Quarter 2025 Earnings: EPS: CA$0.09 (vs CA$0.037 loss in 1Q 2024)
Revenue: CA$196.2m (down 12% from 1Q 2024). Net income: CA$6.00m (up from CA$2.40m loss in 1Q 2024). Profit margin: 3.1% (up from net loss in 1Q 2024). EPS: CA$0.09 (up from CA$0.037 loss in 1Q 2024). Our free stock report includes 2 warning signs investors should be aware of before investing in Canfor Pulp Products. Read for free now. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is expected to decline by 2.9% p.a. on average during the next 2 years, while revenues in the Forestry industry in Canada are expected to grow by 5.0%. Performance of the Canadian Forestry industry. The company's shares are up 17% from a week ago. Be aware that Canfor Pulp Products is showing 2 warning signs in our investment analysis and 1 of those is potentially serious... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
05-05-2025
- Business
- Cision Canada
/R E P E A T -- Canfor Pulp Announces Annual General Meeting and Q1 2025 Results Conference Call/
VANCOUVER, BC, April 10, 2025 /CNW/ - Canfor Pulp Products Inc. (TSX: CFX) announced the company's upcoming webcast Annual General Meeting (the "Meeting") on May 8, 2025. The Company will hold a joint analyst conference call with Canfor Corporation (TSX: CFP) the following day on May 9, 2025. Q1 2025 Analyst Conference Call. Canfor Pulp Products Inc. (TSX: CFX) will hold a joint conference call with Canfor Corporation (TSX: CFP) on Friday, May 9, 2025 to discuss their respective Q1 2025 financial and operating results. Forward-looking statements. Certain statements in this press release constitute "forward-looking statements" which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as "expects", "anticipates", "projects", "intends", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could" and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Forward-looking statements are based on current expectations and Canfor assumes no obligation to update such information to reflect later events or developments, except as required by law. About Canfor Pulp Products Inc. Canfor Pulp Products Inc. ("Canfor Pulp" or "CPPI") is a leading global supplier of pulp and paper products with operations in the northern interior of British Columbia ("BC"). Canfor Pulp operates two mills in Prince George, BC with a total capacity of 780,000 tonnes of Premium Reinforcing Northern Bleached Softwood Kraft ("NBSK") pulp and 140,000 tonnes of kraft paper. CPPI shares are traded on the Toronto Stock Exchange under the symbol CFX. For more information visit
Yahoo
08-03-2025
- Business
- Yahoo
Canfor Corp (CFPZF) Q4 2024 Earnings Call Highlights: Strategic Shifts Amidst Market Challenges
Adjusted EBITDA (Lumber Business): $22 million in Q4 2024, down from $64 million in Q3 2024. Adjusted EBITDA (Pulp Business): $12 million in Q4 2024, down $7 million from the prior quarter. Net Debt (Canfor Pulp): $83 million at the end of Q4 2024. Net Cash (Canfor excluding Canfor Pulp and duty loan): Approximately $115 million at the end of Q4 2024. Available Liquidity (Canfor Pulp): $71 million at the end of Q4 2024. Capital Expenditures (Q4 2024): Approximately $137 million, including $6 million for Canfor Pulp. Total Capital Spend (2024): $525 million, including $51 million for Canfor Pulp. Projected Capital Spend (2025 - Lumber Business): Approximately $250 million. Projected Capital Spend (2025 - Canfor Pulp): Approximately $50 million. Warning! GuruFocus has detected 4 Warning Signs with CFPZF. Release Date: March 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Canfor Corp (CFPZF) successfully executed strategic priorities, transforming its business structure and improving its operating cost base. The company has enhanced geographic diversification, with approximately 70% of its lumber business located outside of Canada. Lumber prices have steadily increased, supporting improved profitability, particularly in Western Canada. Canfor Corp (CFPZF) is well-positioned to capitalize on mid- to longer-term lumber demand fundamentals. The company maintains a strong balance sheet, allowing for strategic growth opportunities and share repurchases. 2024 was an extremely challenging year, with difficult decisions to close high-cost assets in British Columbia. The company faces ongoing challenges with elevated duties and tariffs, impacting 20% of its sales. Global lumber demand remains tepid, with continued volatility and market uncertainty expected. There is uncertainty regarding fiber supply in 2025 due to elevated softwood lumber duties and potential additional tariffs. Canfor Pulp experienced a reduction in shipments and adjusted EBITDA due to the wind-down of a production line. Q: Can you discuss the margin profile of your Canadian portfolio after recent cost structure changes? A: Stephen Mackie, Chief Operating Officer, stated that while specific details won't be disclosed, the Canadian business has improved significantly. Alberta continues to perform well, and the closure of higher-cost mills in British Columbia has enhanced the portfolio's performance. Q: Have you adjusted inventory levels in anticipation of tariffs? A: Kevin Pankratz, Senior Vice President of Sales and Marketing, mentioned that there hasn't been a significant shift in inventory due to the recent announcement of tariffs. Any changes are modest and seasonal. Q: Are you seeing any risk of buyer fatigue due to potential tariffs? A: Kevin Pankratz noted that there is no significant long-term buying due to market uncertainty. While there is a slight increase in inquiries, it aligns with seasonal trends rather than panic buying. Q: What are the underlying demand trends and shipment expectations for 2025? A: Kevin Pankratz expects flat demand globally, with shipments projected at 1.6 billion board feet for SPF, 2 billion for SYP, and 1.6 billion for Europe. Retail and home builder outlooks are also flat or slightly reduced. Q: How are you managing the impact of tariffs on your sales? A: Susan Yurkovich, President and CEO, confirmed that 20% of sales are exposed to tariffs, based on a pro forma adjusted for capacity rationalization. This exposure is expected to decrease over time. Q: Can you elaborate on the substitution of SPF with SYP due to tariffs? A: Kevin Pankratz explained that substitution is occurring in specific regions and applications, such as wide-width lumber and machine stress-rated lumber. SPF pricing is expected to strengthen, maintaining a spread over SYP. Q: What are the key components of your 2025 CapEx plan? A: Patrick Elliott, Chief Financial Officer, outlined a $250 million spend for lumber and $50 million for pulp, with over half for maintenance. Strategic capital includes upgrades in El Dorado and other investments. Q: Are there ongoing discussions about a softwood lumber agreement? A: Susan Yurkovich stated that while there is activity in the US and changes in Canada, there is currently no line of sight to discussions on a new agreement. The focus remains on managing duties and tariffs. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
