CA - Canfor Corporation (CFPZF) Q4 2023 Earnings Call Transcript
2024-03-06 15:01:10 ET
Canfor Corporation (CFPZF)
Q4 2023 Earnings Conference Call
March 6, 2024 11:00 AM ET
Company Participants
Don Kayne - President and CEO
Kevin Edgson - President and CEO, Canfor Pulp
Pat Elliott - CFO, SVP, Sustainability and CFO, Canfor Pulp
Kevin Pankratz - SVP, Sales and Marketing
Conference Call Participants
Ketan Mamtora - BMO
Sean Steuart - TD
Hamir Patel - CIBC Capital Markets
Ben Isaacson - Scotiabank
Matthew McKellar - RBC Capital Markets
Presentation
Operator
Good morning. My name is Joanna and I will be your conference operator today. Welcome to Canfor and Canfor Pulp's Fourth Quarter Analyst Call. All lines have been placed on mute to prevent any background noise. During this call, Canfor and Canfor Pulp's Chief Financial Officer will be referring to a slide presentation that is available in the Investor Relations section of the company's website. Also, the companies would like to point out that this call will include forward-looking statements. So, please refer to press releases for the associated risks of such statements.
I would now like to turn the meeting over to Mr. Don Kayne, Canfor Corporation's President and Chief Executive Officer. Please go ahead, Mr. Kayne.
Don Kayne
All right. Thank you. Thank you, operator and good morning everyone and thank you for joining the Canfor and Canfor Pulp Q4 2023 results conference call. I'm going to make a few comments before I turn things over to Kevin Edgson, Canfor Pulp's President and Chief Executive Officer; and Pat Elliott, Chief Financial Officer of Canfor Corporation and Canfor Pulp and our Senior Vice President of Sustainability. In addition, we are joined by Kevin Pankratz, our Senior Vice President of Sales and Marketing.
Before talking about our results, I'd like to begin by acknowledging our dedicated employees around the globe who have worked relentlessly to navigate the challenging marketing -- or market environment of 2023 to continue to improve our competitiveness and to deliver on our strategic priorities. Canfor's achievements are only possible through the abilities and commitment of our people and I'm extremely proud of the resilience they demonstrate every day.
2023 was a year of significant volatility. In addition to very difficult lumber markets, we also experienced extremely high log costs, reduced shipping volumes at an extremely difficult operating environment, particularly in British Columbia, where conditions have been further exacerbated by a lack of access to economic fiber....
Canfor Corporation (CFPZF) Q4 2023 Earnings Call Transcript