Conifex Timber Inc. (CFF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.301 -- 00:00:02.661 All participants, 00:00:02.724 -- 00:00:05.405 thank you 00:00:06.989 -- 00:00:10.633 for standing by. The conference is ready to begin. 00:00:10.633 -- 00:00:14.657 Good morning, ladies and gentlemen. Welcome to the Reconnaissance Chamber, Inc. 00:00:14.657 -- 00:00:19.863 Q1 2025 results conference call. I would now like to turn the meeting over to Mr. 00:00:19.863 -- 00:00:23.024 Ken Shields. Please go ahead. 00:00:23.087 -- 00:00:29.056 Good morning, everyone, and welcome to our call covering our Q1 2025 results. 00:00:29.056 -- 00:00:34.223 I'm in our Vancouver office today, but our Chief Operating Officer, 00:00:34.223 -- 00:00:40.231 Andrew McClellan, and our Chief Financial Officer, Trevor Frugge, are participating 00:00:40.231 -- 00:00:44.497 on this call from our regional office in Prince George. 00:00:44.497 -- 00:00:47.020 Let's quickly deal with the housekeeping item. 00:00:47.020 -- 00:00:52.588 We will be making forward-looking statements and references to non-IFRS 00:00:52.588 -- 00:00:57.675 measures, and therefore call your attention to the warning statement set out on pages 00:00:57.675 -- 00:01:04.071 1 and 2 of the management discussion and analysis that we released this morning. 00:01:04.071 -- 00:01:09.197 Turning to our Q1 results, all of us at Conifex are most pleased 00:01:09.197 -- 00:01:13.542 that our Q1 2025 net income 00:01:13.542 -- 00:01:18.707 allowed us to join Russ Fraser as the second member of the Club of 00:01:18.707 -- 00:01:21.450 Public SPF Producers 00:01:21.450 -- 00:01:26.716 operating facilities in Western Canada that managed to achieve positive 00:01:26.716 -- 00:01:31.153 net income after taxing Q1. We barely made it. 00:01:31.153 -- 00:01:34.575 We reported net income of $600,000, 00...