Acadian Timber Corp. (ACAZF) Q3 2024 Analyst Conference Call Transcript

Acadian Timber Corp. (OTCPK:ACAZF) Q3 2024 Analyst Convention Name October 31, 2024 1:00 PM ET

Firm Members

Susan Wooden – Chief Monetary OfficerAdam Sheparski – President and Chief Government Officer

Convention Name Members

Nikolai Goroupitch – CIBC Capital MarketsMatthew McKellar – RBC Capital Markets

Operator

Good day, and thanks for standing by. Welcome to the Acadian Timber Q3 2024 Analyst Convention Name and Webcast. [Operator Instructions] Please be suggested that right now’s convention is being recorded. After the speaker’s presentation, there will likely be a question-and-answer session. [Operator Instructions]

I’d now like handy the convention over to your speaker right now, Susan Wooden, Chief Monetary Officer.

Susan Wooden

Thanks, operator. Good afternoon, everybody, and welcome to Acadian Timber’s third quarter convention name.

With me on the decision right now is Adam Sheparski, Acadian’s President and Chief Government Officer.

Earlier than discussing Acadian’s outcomes, I’ll first remind everybody that in discussing our third quarter monetary and working efficiency, the outlook for the rest of 2024 and into 2025 and responding to your questions, we might make forward-looking statements. These statements are topic to identified and unknown dangers, and future outcomes might differ materially. For additional info on our identified danger elements, I encourage you to evaluate our information launch and MD&A, which can be found on SEDAR plus and on our web site at acadiantimber.com.

I’ll start by outlining the monetary and operational highlights for our third quarter ended September 28, 2024. Adam will then present some extra feedback, and we’ll focus on our outlook for the rest of 2024 and into 2025.

Acadian skilled favorable working situations leading to strong gross sales quantity for the three months ended September 28, 2024. Pricing was impacted by adjustments in product combine and weak finish use markets, nonetheless, leading to decrease gross sales as in comparison with the identical quarter of 2023.