West Fraser Timber Co. Ltd. (“West Fraser” or the “Company”) (TSX and NYSE: WFG) recently reported the first quarter results of 2024 (“Q1-24”)

On January 22, 2024 West Fraser announced its decision of permanently closing its Fraser Lake sawmill in British Columbia, following an orderly wind-down.

West Fraser Timber Co. Ltd. has recently announced that it will close its sawmill in Maxville Florida and indefinitely curtail operations at its sawmill in Huttig.

West Fraser finally acquires the Spray Lake Sawmills, following the completion of Canadian regulatory reviews and satisfaction of customary conditions.

West Fraser Timber Co. Ltd. has decided to expand its spread with the acquisition of Spray Lake Sawmills located in Cochrane, Alberta.

West Fraser President and CEO Ray Ferris is set to retire at the end of the year. COO Sean McLaren will take over the role of president

West Fraser has been chosen by Corporate Knights as one of the 50 Best Corporate Citizen, who has been responsibly expanding their businesses with $1 billion in annual revenues.

West Fraser declared their quarterly dividend of US$0.30 per share on the Common shares and Class B Common shares in the capital of the Company.

West Fraser has brought some changes in the British Columbia operating plan. The company has decided to curtail about 170 million board feet of combined production.

West Fraser Timber Co. Ltd. reported first-quarter earnings of $1.090 billion on total sales of 3.110 billion. Sales were up 33% compared to the first quarter of 2021.