Canfor Corporation (CFP) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Carmen, and I will be your host today. Welcome to Canfor and CanforPulse's fourth quarter analyst call. At this time, all lines have been placed to mute to prevent any background noise. A question and answer session will be available after today's presentation. During this call, Canfor and CanforPulse'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 risk for such statements. I would now like to turn the meeting over to Susan Yurkovich, Canfor Corporation's President and Chief Executive Officer. Please go ahead, Susan. Thank you, Carmen, and good morning, everyone. Thanks for joining the Canfor and Canfor Pulp Q4 2025 results conference call. I'll kick off with a few comments this morning before I turn things over to Stephen Mackey, Canfor's Chief Operating Officer and the CEO of Canfor Pulp, and Pat Elliott, Chief Financial Officer of Canfor Corporation and Canfor Pulp. I'm also joined by Kevin Pankratz, our Senior Vice President of Sales and Marketing for Canfor, and Brian Ewan, Vice President of Sales and Marketing for Canfor Pulp. who will be available to take questions as well. Before discussing our fourth quarter results, I just want to highlight the significant transformation that Canfor has undertaken over the past several years. Our strategy is focused on strengthening our operating platform to reduce the impact of elevated duties, further diversify our asset base and product offering, and improve our cost competitiveness. In that vein, since 2023, we've made the difficult but necessa...