ADENTRA Inc. (ADEN) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Welcome to the Adentra fourth quarter and full year 2025 results conference call. All lines have been placed on mute to prevent background noise. After the speaker's remarks, there will be a question and answer session. With me on the call today are Rob Brown, Adentra's President and Chief Executive Officer, and Fez Karmali, Vice President and Chief Financial Officer. Adentra's earnings relief, Financial statements in NVME for the year ended December 31, 2025 are available on the investor section of our website and on CDAR+. Before we begin, I'd like to remind listeners that management's comments may include forward-looking statements. Actual results could differ materially due to risks and uncertainties outlined in our filings. All dollar figures mentioned today are in U.S. dollars unless otherwise stated. I will now turn the call over to Rob Brown. Please go ahead. Thanks, operator, and good morning, everyone. I'll start with a few comments on our performance in 2025 and the progress we made across our strategic priorities. Fez will then walk through the fourth quarter financial results in more detail, and I'll return at the end to discuss current trends and our outlook. Looking back on 2025, I'm pleased with how our team executed in what remained a relatively muted construction environment. Residential activity across North America continued to face headwinds, particularly from affordability challenges tied to mortgage rates and limited housing inventory. Against that backdrop, our focus remained firmly on the things we can control, operating excellence, margin discipline, and strong cash generation. That approach once again allowed Adentra to deliver steady results. For the year, sales increased to $2.25 billion, representing 3% growth compared to 2...