Canfor Corporation (CFP) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Joelle, and I will be your conference operator today. Welcome to Canfor and Canfor Pulse second quarter analyst call. All lines have been placed on mute to prevent any background noise. During this call, Canfor and Canfor Pulse 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 Yerkovich, President and CEO of Canfor Corporation. Please go ahead. Thanks, Joelle, and good morning, everyone. Thanks for joining the Canfor and Canfor Pulse Q2 2025 results conference call. I'm going to open up with a few remarks, then I'll turn it over to Stephen Mackey, Canfor's Chief Operating Officer. and CEO of Canfor Pulp, followed by Pat Elliott, our Chief Financial Officer of Canfor Corp and Canfor Pulp. We've also got Kevin Pankratz, Canfor Senior Vice President of Sales and Marketing, and Brian Ewan, Vice President of Sales and Marketing for Canfor Pulp, who are here with us and available to take questions. While the market conditions remain really challenging, we continue to see improvements in our underlying business, supported by our geographic diversification, the capital investments that we've completed over the last few years, and our ongoing commitment to optimizing our portfolio of assets to enhance our financial performance. To that end, as you know, we made some very tough decisions to close a number of facilities in British Columbia since 2023 due to high costs and ongoing fiber challenges. And in addition, this quarter, we ...