Interfor Corp
TSX:IFP

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Interfor Corp Logo
Interfor Corp
TSX:IFP
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Price: 8.15 CAD -1.81% Market Closed
Market Cap: 419.3m CAD

Interfor Corp
Investor Relations

Interfor Corp. engages in the manufacture and sells wood products in Canada, United States, Japan, China, Taiwan, and internationally. The company is headquartered in Vancouver, British Columbia and currently employs 3,562 full-time employees. The firm and its subsidiaries produce wood products in British Columbia, the United States Northwest and the United States South for sale to markets around the world. The company operates through solid wood segment. The firm offers a range of products, including Clear Cedar Finger Joint Bevel Siding, Clear Cedar Solid Bevel Siding, Clear Cedar V-Joint Paneling, Dimension Lumber, Elite Cedar V-Joint Paneling, Elite Knotty Cedar Decking, Fineline Paneling, Japan Zairai-Beams, Japan Zairai-Ground Sill, Japan Zairai-Posts, Japan Zairai-Roof Structure, Japan Zairai-Small Structural, Reserve Boards, Reserve End-Matched Paneling, Reserve Lodgepole Pine Paneling, Reserve V-Joint Decking, Special Appearance Grade Cedar Timbers, Reserve Ponderosa Pine Paneling and Studs. The firm has annual lumber production capacity of approximately 4.9 billion board feet and offers a diverse line of lumber products to customers around the globe.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 7, 2025
AI Summary
Q3 2025

Challenging Quarter: Interfor reported a difficult Q3, with results reflecting weak lumber pricing and higher duties, especially in the U.S. South.

Production Cuts: The company announced substantial curtailments in lumber production, reducing Q4 output by about 250 million board feet, or 26% compared to Q2.

Cost Discipline: Management highlighted ongoing efforts to control costs and maintain top-quartile margins, even in tough market conditions.

Balance Sheet Strengthened: Interfor raised $144 million in an equity offering and renewed its credit facility, boosting liquidity and giving flexibility to weather the downturn.

Duties Impact: U.S. duties on Canadian lumber more than doubled to over 35%, affecting about 25% of Interfor's shipments and pressuring earnings.

Market Outlook: Management sees continued volatility ahead but anticipates lumber market recovery starting around 2026.

Supply Adjustments: The company remains proactive with curtailments and operational adjustments to align production with market realities.

Key Financials
Revenue
$689 million
Adjusted EBITDA
loss of $36 million
Lumber Production Reduction (Q4)
250 million board feet
Available Liquidity
$386 million
Net Debt to Invested Capital
35.2%
Equity Offering Proceeds
$144 million
Operating Cash Flow
$26 million consumed
Duty Rate on Canadian Lumber Shipments
over 35%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Ian M. Fillinger
President, CEO & Director
No Bio Available
Mr. Richard A. Pozzebon
Executive VP & CFO
No Bio Available
Mr. Tim P. Hartnett
Senior Vice President of Human Resources
No Bio Available
Mr. Andrew L. Horahan
Executive Vice President of Canadian Operations
No Bio Available
Mr. Simon Bruce Luxmoore
Executive Vice President of U.S. Operations
No Bio Available
Ms. Xenia Kritsos
General Counsel & Corporate Secretary
No Bio Available
Mr. J. Barton Bender
Senior Vice President of Sales & Marketing
No Bio Available
Mike Mackay
Vice President of Corporate Development & Strategy
No Bio Available

Contacts

Address
BRITISH COLUMBIA
Vancouver
3500-1055 Dunsmuir St., PO Box 49114 Stn Bentall Centre
Contacts
+16046896800.0
www.interfor.com