Interfor Corporation (IFP) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, my name is Sylvie and I will be your conference operator today. Welcome to Interfor Corporation's second quarter 2026 results conference call. As a reminder, all participants are in a listen-only mode and the conference is being recorded. Following prepared remarks, there will be an opportunity for analysts to ask questions. During this call, Interfor's representatives may make forward-looking statements within the meaning of applicable securities laws. Additional information regarding the risks, uncertainties, and assumptions of such statements can be found in Interfor's most recent press release and MD&A. And I would like to turn the call over to Mr. Ian Fillinger, Interfor's President and CEO. Mr. Fillinger, please go ahead. Thank you, Operator, and thank you, everyone, for joining us this morning. With me on the call, I have Mike Mackay, our Executive Vice President and Chief Financial Officer. The second quarter reflected strong execution across our business, supported by stronger lumber markets, continued progress on our cost reduction, improved mill productivity and disciplined inventory management. While uncertainty remains, particularly around the softwood lumber trade dispute, we are encouraged by the progress our teams are making and remain focused on further strengthening our balance sheet. Our previously announced two-year company-wide cost reduction initiative continues to perform well. with results tracking on our annualized $80 million target. In addition, our Thomaston Mill in Georgia delivered a strong quarter and has been transformed into one of our top performing assets in our portfolio. In the second quarter, we generated $92 million of EBITDA, strengthened our financial position, aligned our products mix with market demand, reduced...