Canfor Corporation Q1 2010 Earnings Call Transcript

Canfor Corporation (CFP)

Q1 2010 Earnings Call

April 30, 2010 11:00 am ET

Executives

James Shepard – President, Chief Executive Officer

Thomas Sitar – Vice President Finance, Chief Financial Officer

Don King – Vice President, Marketing and Sales

Analysts

Darrel Switzerloft – Raymond James

Paul Quinn – RBC Capital Markets

John Koller – Oppenheimer & Close

[Pierre Lacroix – Desjardine Securities]

[Dave Barry – CKPG News]

Presentation

Operator

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» Canfor Corporation Q1 2010 Earnings Call Transcript

Welcome to the Canfor Corporation first quarter results 2010 conference call. A recording of this call will be available on the company’s web site. During this call, Canfor’s Chief Executive and Chief Financial Officer will be referring to a slide presentation that is available in the Investor Relations section on their website. Also, the company would like to point out that this call will include forward-looking statements so please refer to the press release for the associated risk of such statements.

I would now like to turn the meeting over to Mr. Jim Shepard, President and Chief Executive Officer of Canfor Corporation.

James Shepard

Good morning, everybody and welcome to Canfor’s conference call to discuss the company’s first quarter results of 2010. I’m joined here by Tom Sitar, Canfor’s Vice President of Finance and CFO, Don King, Vice President of Marketing and Sales, and Mark Feldinger, Vice President of Manufacturing. I will give a brief overview of the quarter and then Tom will speak to our financial results.

The combination of our intense focus on cost containment, productivity improvements and customer service is now complimented by rising market prices and that’s starting to show we have some traction at last.

This time last year with reference to the severe economic downturn, I said that we were not at the beginning of the end but we at least we have been at the end of the beginning. Today, I would like to say that we are at the end, but that remains to be seen.