Interfor Corporation (IFP) Earnings Call Transcripts

Interfor Corporation's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Interfor Corporation reported a significant turnaround with EBITDA of $31 million, a $60 million increase from the previous quarter. Revenue growth was driven by higher lumber prices, which increased by 5% to 20% across all regions, and improved operational efficiency. Management has set ambitious targets for a $80 million reduction in manufacturing costs over the next two years, indicating a proactive approach to enhancing profitability amidst a volatile market environment.

Reported metrics

Guidance from management

Management maintained their capital expenditure guidance for 2026 at approximately $80 million, with a focus on maintenance projects. They anticipate a reduction in net debt to invested capital ratio in the coming months, driven by operational improvements and divestiture proceeds.

What management said

It fits in very well, Matt, right to the bottom line. Yes, we've -- we're very careful when we're making any kind of operating adjustments on any of the feedstock that we use for the I-joist plant. At this point, no impacts on the hours that we've reduced. On our portfolio management, again, sort of data-driven, prioritizing the mills that are running well and generate the highest profitability. And sometimes we add ...

Yes, Sean, there are improved operating rates, both on a productivity per hour, which is really great to see, but also some added hours in the South at a few of our mills. But the Pacific Northwest is also running at full capacity right now, whereas in Q4 and earlier in the fall, that region was pretty limited on any hours. And so you will see production in the South and the Pacific Northwest improving in Q2 with, li...

What analysts pressed on

Analysts expressed concerns regarding the indefinite curtailment of operations in Ontario and its potential long-term impact on profitability. There were also questions about the effectiveness of the cost reduction initiatives and how they would be tracked moving forward.

Main topics on the call

• Thomaston Mill Performance — The Thomaston mill has commenced operations ahead of schedule and is expected to be a top performer in Interfor's portfolio. CEO Ian Fillinger stated, "Thomaston strengthens our U.S. footprint and enhances our cost posit...
• Cost Reduction Initiatives — Interfor is targeting an $80 million reduction in manufacturing costs over the next two years, representing a 5% decrease compared to 2025. Fillinger noted, "These initiatives represent an earnings improvement over the n...
• Market Volatility and Pricing — Management acknowledged near-term market volatility, particularly due to elevated interest rates and geopolitical factors. Despite recent softening in pricing, they remain optimistic about profitability, stating, "We rem...
• Working Capital Management — Interfor reported a working capital usage of $23 million in Q1, attributed to seasonal logging activities and logistics constraints. CFO Mike Mackay indicated that they expect a release in working capital in Q2, which co...

Read the full Interfor Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 31 Interfor Corporation earnings call transcripts on record, spanning February 7, 2020 to August 7, 2026. Based on this history, Interfor Corporation reports quarterly. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

IFP

Exchange

TSX

Country

CA

Sector

Materials

Industry

Paper and Forest Products

Calls on record

31

First call

February 7, 2020

Most recent

August 7, 2026

Reporting cadence

quarterly