Canfor Reports Q2 GAAP Loss of $0.16, Revenue Beats Estimates by $520 Million
Canfor Corporation (CFP:CA) reported a second-quarter GAAP loss per share of -$0.16 with revenue reaching $1.53 billion, which exceeded estimates by $520 million. The company's operating income for the quarter was $4.8 million, marking an improvement from the previous quarter’s operating loss of $72.5 million in Q1 2026. The results indicate a significant turnaround compared to earlier performance and suggest improved operational efficiency or favorable market conditions affecting its revenue streams. Canfor also announced plans to acquire PinkWood I-joist business for $68 million, signaling strategic expansion efforts.
