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    WEF   CA9582112038

WESTERN FOREST PRODUCTS INC.

(WEF)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 12/08 11:34:06 am
1.95 CAD   --.--%
11/30RBC Capital Previews Forest Products Conf -- "Framing The 2022 Outlook"
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11/26RBC Capital on Finalized Softwood Lumber Duties
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11/25WESTERN FOREST PRODUCTS INC. : Ex-dividend day for
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Western Forest Products : Sale of Port Alberni Properties

08/12/2021 | 07:01pm EST

FOR IMMEDIATE RELEASE

TSX: WEF

Western Forest Products Inc. Completes Sale of Port Alberni Properties

August 12, 2021 - Vancouver, British Columbia - Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") announced today that it has completed the sale of certain properties, including the Somass sawmill site, to the City of Port Alberni for $5.3 million.

"We are pleased to have worked in collaboration with the City of Port Alberni to reach a negotiated agreement that will support their long-term strategic plan," said Don Demens, President and Chief Executive Officer.

With the completion of the sale, the Company has announced the permanent closure of its Somass sawmill. The sawmill was indefinitely curtailed in July 2017 in response to the lack of log supply to operate the mill efficiently.

About Western Forest Products Inc.

Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets. With operations and employees located primarily on the coast of British Columbia and Washington State, Western is a premier supplier of high-value, specialty forest products to worldwide markets. Western has a lumber capacity in excess of 1.0 billion board feet from seven sawmills and four remanufacturing facilities. The Company sources timber from its private lands, long-term licenses, First Nations arrangements, and market purchases. Western supplements its production through a wholesale program providing customers with a comprehensive range of specialty products.

For further information, please contact:

Investor Inquiries:

Media Inquiries:

Stephen Williams

Babita Khunkhun

Executive Vice President & Chief Financial Officer

Senior Director, Communications

(604) 648-4500

(604) 220-4923

Disclaimer

Western Forest Products Inc. published this content on 12 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2021 23:00:09 UTC.


ę Publicnow 2021
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Analyst Recommendations on WESTERN FOREST PRODUCTS INC.
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Financials
Sales 2021 1 413 M 1 116 M 1 116 M
Net income 2021 194 M 154 M 154 M
Net cash 2021 120 M 95,1 M 95,1 M
P/E ratio 2021 3,64x
Yield 2021 2,05%
Capitalization 666 M 526 M 526 M
EV / Sales 2021 0,39x
EV / Sales 2022 0,36x
Nbr of Employees 2 153
Free-Float 99,3%
Chart WESTERN FOREST PRODUCTS INC.
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Technical analysis trends WESTERN FOREST PRODUCTS INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 1,95 CAD
Average target price 2,53 CAD
Spread / Average Target 29,7%
EPS Revisions
Managers and Directors
Donald Eugene Demens President, Chief Executive Officer & Director
Stephen D. A. Williams Chief Financial Officer & Executive VP
Michael T. Waites Independent Chairman
Daniel Louis Nocente Lead Independent Director
Jane M. Bird Independent Director