Interfor Corp (OTCPK:IFSPF)
$ 11.52 -0.375 (-3.15%) Market Cap: 604.50 Mil Enterprise Value: 1.22 Bil PE Ratio: 0 PB Ratio: 0.58 GF Score: 75/100
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Q3 2024 Interfor Corp Earnings Call Transcript

Nov 07, 2024 / 04:00PM GMT
Release Date Price: $13.79 (-3.36%)
Operator

Good morning. My name is Kelvin, and I will be your conference operator today. At this time, I would like to welcome everyone to the Interfor analyst conference call. (Operator Instructions) Mr. Fillinger, you may begin your conference.

Ian Fillinger
Interfor Corp - President, Chief Executive Officer, Director

Okay. Thank you, operator, and thank you, everyone, for joining us this morning. With me on the call, I have Rick Pozzebon, 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 our quarter before passing the call on to Rick and Bart.

Turning to our Q3 results. Our adjusted EBITDA was negative $22 million during yet another challenging quarter that was impacted by continued weak pricing. During the quarter, we reduced production across our platform, including indefinite closures at two mills in our US South region. During the quarter, we also announced plans to exit our Quebec region, selling our three manufacturing facilities and

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