Canfor Corporation (CFP) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, my name is Michelle and I will be your host today. Welcome to Canfor Corporation's second quarter analyst call. At this time, all lines have been placed to mute to prevent any background noise. A Q&A session will be available after today's presentation. During this call, Canfor'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 release for the associated risk of such statements. I would now like to turn the meeting over to Susan Yurkovich, Campus Corporation President and Chief Executive Officer. Please go ahead, Susan. Thanks, Michelle. Good morning, everyone. Thanks for joining our Q2 results conference call. I'll start off with a few comments before I turn things over to Pat Elliott, CAMFORCE Chief Financial Officer. I'm also joined by Stephen MacKie, our Chief Operating Officer, Kevin Pankratz, our Senior Vice President of Sales and Marketing, and Brian Yuen, our Vice President of Pulp and Paper Sales, who are available and can help with questions following our remarks. Our lumber business generated solid EBITDA in the second quarter with improved pricing driven by leaner inventories, industry capacity rationalizations over the last several years. and ongoing transportation constraints in the US South. While supply reductions have supported lumber pricing in 2026, we do remain cautious on our near-term outlook as demand continues to be impacted by global economic uncertainty, ongoing trade disputes and persistent affordability challenges. Pulp markets also remain under significant pressure with elevated inventories and a structur...