Q1 2022 Interfor Corp Earnings Call Transcript

May 12, 2022 / 03:00PM GMT
Operator

Ladies and gentlemen, thank you for standing by, and welcome to Interfor's Quarterly Analyst Call. (Operator Instructions) Please be advised that today's conference is being recorded. (Operator Instructions)

I would now like to hand the conference over to your first speaker today, Mr. Ian Fillinger. Thank you. Please go ahead.

Ian M. Fillinger - Interfor Corporation - President, CEO & Director

Thank you, RJ. Welcome to our Q1 2022 analyst call. With me today, you have Rick Pozzebon, our Senior Vice President and Chief Financial Officer; and Bart Bender, our Senior Vice President of Sales and Marketing.

Our agenda today will start off with myself providing a recap of our financial results, our strategic focus and our improvement efforts. I'll then pass the call to Rick, who will cover our financial matters. And then Rick will pass the call to Bart, who will cover off the markets.

Turning to our financial results. Our Q1 adjusted EBITDA was $570 million, approximately 4x higher than Q4. All lumber benchmark prices increased

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