Interfor Corporation (IFP) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

We'll be right back. ... ... . . . . . . Thank you. Thank you. Good morning. My name is Sylvie, and I will be your conference operator today. Welcome to InterFOR Corporations' fourth quarter 2025 results conference call. As a reminder, all participants are in a listen-only mode, and the conference is being recorded. Following the prepared remarks, there will be an opportunity for analysts to ask questions. During this conference call, InterFOR's representatives may make forward-looking statements within the meaning of applicable securities law. Additional information regarding the risks, uncertainties, and assumptions of such statements can be found in Interfor's most recent press release, NMDNA. And I would like to turn the call over to Mr. Ian Fillinger, Interfor's President and CEO. Mr. Fillinger, you please go ahead. Thank you, Operator, and thank you, everyone, for joining us this morning. With me on the call, I have Mike McKay, our Executive Vice President and Chief Financial Officer. and Bart Bender, our Senior Vice President of Sales and Marketing. I'll start off by providing a brief recap of 2025 and then pass the call to Mike and Bart to cover off Q4 and the outlook. 2025 was another year marked by historically weak lumber prices and significant market volatility. Yet, we continued to execute with discipline and strengthen the company in several important ways. I thought a few notables were worth mentioning. We took steps to reinforce liquidity and extend our financial runway, which Mike will speak more to. We also took decisive portfolio actions, adjusting operating postures at several mills and permanently closing two high-cost facilities in the US South, which were indefinitely curtailed in 2024, ensuring our production profile is better aligned with dem...