Canfor Corporation (CFP) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Kevin, and I'll be your host today. Welcome to CanForce first quarter 2026 analyst call. At this time, all participants have been placed on mute to prevent any background noise. A question and answer session will be available after today's presentation. During this call, CanForce chief financial officer will be referring to a slide presentation that is available in the best relations section of the company's website. Also, the company would like to point out that this call will include forward-looking statements, so please refer to the press release for the associated risk of such statements. I would now like to turn the meeting over to Susan Yurkovich, Canfor's Corporation President and Chief Executive Officer. Please go ahead, Susan. Thank you, Kevin. Good morning, and thanks for joining Canfor's Q1 2026 results conference call. I'm going to open with a few comments this morning before turning things over to Pat Elliott, our Chief Financial Officer. We're also joined by Stephen Mackey. CanForce Chief Operating Officer, Kevin Pankratz, our Senior Vice President of Sales and Marketing, and Brian Ewan, our Vice President of Pulp and Paper Sales, who are going to be available and happy to take questions at the end. Our lumber business generated modest EBITDA in the first quarter with improved pricing supported by seasonally higher demand and more limited supply, partly reflecting the significant capacity reductions in our industry we've seen in the last couple of years. While supply has been somewhat constrained, lumber prices have started to moderate in recent weeks, particularly for southern yellow pine, as demand continues to be impacted by the uncertainty facing the global economy. Similarly, our pulp business continues to face significant ...