West Fraser Timber reports a $409 million goodwill impairment in Q4 2025 due to weak lumber demand and prices, following a mill shutdown.

West Fraser Timber Co. Ltd. will record a $409 million non-cash goodwill impairment in its lumber segment for Q4 2025, citing prolonged industry downturns, weak demand, and lower pricing for wood products and residuals. The charge stems from revised financial assumptions due to ongoing economic challenges. This follows the December 2025 shutdown of its northern Alberta mill, affecting 190 workers. The company projects 2026 lumber and OSB shipments, stable input costs, improved contractor availability, and capital spending of $300–350 million, though results remain subject to market volatility.