In Q1 2025, the Forisk Wood Fiber Review added a new chapter tracking the performance, production and exports from publicly traded companies including Canfor (CFP), GreenFirst Forest Products (TSX: GFP), Interfor (IFSPF), PotlatchDeltic (PCH), West Fraser (WFG), and Weyerhaeuser (WY).

While the shares of public lumber manufacturing and timberland owning firms in the U.S. and Canada fell in 2024, even as the S&P 500 surged, performance has diverged year-to-date. As of March 5, 2025, U.S. based PotlatchDeltic (PCH) and Weyerhaeuser (WY) – both of which also own millions of acres of timberlands – increased in value while firms based in Canada saw their prices fall. Of these firms, only GreenFirst Forest Products has 100% of its lumber capacity in Canada.

Figure 1. Lumber Share Performance Snapshot.

Between Q3 and Q4 2024, lumber production across the five firms reporting increased 6.5% in total for the quarter, not including production from GreenFirst Forest Products (data not reported as of publication). On a year-over-year basis, production was -4.1%. While all firms tracked reduced production in Q3 2024, all increased production in Q4.

Figure 2. Lumber Production and Trends by Firm, millions board feet (MMBF).