Western Forest Products Inc. (WEF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

During this conference call, Western's representatives may make forward-looking statements within the meaning of applicable securities laws. These statements can be identified by words like anticipate, plan, estimate, will, and other references to future periods. Although these forward-looking statements reflect management's reasonable beliefs, expectations, and assumptions, they are subject to inherent uncertainties and actual results may differ materially. Thank you for watching. Listeners should exercise caution in relying upon forward-looking statements. I would now like to turn the meeting over to Mr. Steven Hofer, President and CEO of Western Forest Products. Mr. Hofer, please go ahead. Thank you, Gary, and good morning, everyone. I would like to welcome you to Western Forest Products' 2026 Second Quarter Conference Call. Joining me on the call today is Glen Nontell, our Chief Financial Officer, and Bruce Alexander, our Senior Vice President of Sales, Marketing and Manufacturing. We issued our 2026 second quarter results yesterday. I will provide you with some introductory comments and then ask Glen to take you through our financial results. Bruce will follow with our market outlook section before we open the call to your questions. We saw modest improvements in lumber pricing and seasonal demand in the second quarter. We continue to demonstrate clear progress in advancing our strategic priorities while also solidifying a strong balance sheet to manage through near-term volatility. Since our last call, this has included completing our strategic kiln-drying investments at our value-added division, with the commissioning of the second continuous dry kiln and our thermal kiln. With three highly modern, low-cost continuous dry kilns operating on the BC coast with a...