Canfor Corporation (CFP) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, my name is Joanna and I will be your conference operator today. Welcome to Canfor and Canfor Pulp's first quarter analyst call. All lines have been placed on mute to prevent any background noise. During this call, Canfor and Canfor Pulp's Chief Financial Officer will be referring to a slide presentation that is available in the Investor Relations section of the company's website. Also, the companies would like to point out that this call will include forward-looking statements, so please refer to the press releases for the associated risks of such statements. I would now like to turn the meeting over to Susan Yurkovich, Chief Executive Officer and President of Canfor Corporation. Please go ahead. Thank you, Joanna, and good morning, everyone. Thanks for joining the Canfor and Canfor Q1 results conference call. I'm going to start by making a few remarks before I turn things over to Stephen Mackey, Canfor's Chief Operating Officer and CEO of Canfor Pulp, and Pat Elliott, Chief Financial Officer of Canfor and Canfor Pulp. In addition, in the room today, we're joined by Kevin Pankratz, our Senior Vice President of Sales and Marketing for Canfor, and Brian Ewan, our Vice President of Sales and Marketing for Canfor Pulse. Following the completion of several strategic initiatives in recent years, Canfor is entering 2025 with a lower-cost, globally diversified lumber platform and a strong balance sheet. While there remains significant uncertainty with respect to the broader economic landscape with the ongoing trade disputes, We are positioned to navigate the current environment supported by the transformation of our lumber business in recent years. With this uncertainty, we expect demand to remain tepid in the short term, but continue to believe that global mar...