GreenFirst Forest Products Inc. (GFP) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Green First Q1 2026 earnings call. Please note that all lines are muted to prevent any background noise. During this conference call, Green First representatives will be making certain statements about future financial and operational performance, business outlook, and critical plans, capital plans. These statements may contain forward-looking information or forward-looking statements within the meaning of Canadian securities law. Such statements involve certain risks, uncertainties, and assumptions which may cause green first actual or future results and performance to be materially different from those expressed or implied in these statements. Additional information about these risks, factors, and assumptions is included in Green First MD&A and annual AIF, which can be accessed on the company's website or through CDAR+. After the speaker's remarks, there will be a question and answer session. Please submit your questions through the online portal. I will now pass the call over to Joël Fournier to begin the management presentation. Thank you very much, Joanne, and good morning, everyone, and welcome to our first quarter 2026 running call. I'm Joel Fournier, the Chief Executive Officer of Green First. Today, I'm joined by Peter Ferrante, our CFO, and Michel Lessard, our President. I would like to start this call by highlighting that we have maintained our excellent safety performance for Q1. Last year, we achieved record safety results at Green First, and these results continue to position us among the best in the industry. That reflects a strong and ongoing commitment to our safety culture. We finished the quarter with a negative EBITDA of $15.1 million. This loss is primarily due to weaker market conditions along w...