Western Announces First Quarter 2023 Results

VANCOUVER, British Columbia, May 03, 2023 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported a net loss of $17.7 million in the first quarter of 2023, as compared to a net loss of $21.4 million in the fourth quarter of 2022, and net income of $38.0 million in the first quarter of 2022. Results in the first quarter of 2023 reflect more challenging macroeconomic conditions, resulting in lower lumber prices and reduced demand compared to the same period last year.

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