Conifex Timber (TSE:CFF)
TSX:CFF
Earnings Data
Report Date
May 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.01Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed picture: significant near-term challenges from sharply increased U.S. duties/tariffs, a large 2025 net loss ($35.7M), curtailed operations and working capital strain created material downside risks. Offsetting these negatives are meaningful lender support (Pender and BDC), a clear operational plan to return to 2-shift production with estimated conversion cost savings ($50–$70 per 1,000), identified quick-payback capex (~$11M for >$4M EBITDA uplift), and a pathway to EBITDA-positive months in late 2026 assuming improved pricing/duty relief and restored inventory. Given the balance of material negatives and credible near-term mitigants/financings, the tone is cautious but constructive.Company Guidance
Secured Bridge and Longer-Term Financing
Obtained significant lender support: Pender Fund advances (initial $25.0M term loan in June 2024 plus ~$21.5M in follow-ons through 2025) and a $19.0M secured term loan from BDC under the softwood lumber guarantee program (matures 2033, interest = BDC floating base rate - 60 bps). $8.0M of BDC proceeds retired short-term Pender advances and the BDC loan reduces near-term covenant risk.
Clear operational recovery plan (2026 transition year)
Management plans curtailment/single-shift in H1 2026 progressing to steady 2-shift operations in H2 2026; restarted 2-shift in February and reported performance 'well above targets' on many shifts, targeting consistent 2-shift operations to achieve EBITDA-positive months in closing months of 2026.
Concrete cost improvement opportunities
Identified quick-payback capital projects totaling just over $11.0M expected to generate >$4.0M EBITDA annually (implying <3-year payback). Conversion cost dilution benefit from moving to 2-shift estimated at ~$50–$70 per 1,000 (board feet).
Log supply and competitive position
Operate in a timber supply area with surplus sawlog availability (approx. 10M m3 supply vs 8M m3 max local demand), supporting relatively affordable stumpage. Management expects McKenzie to be in the bottom half of the SBF cost curve after planned improvements and benefits from a richer B.C. lumber mix (noted USD ~$50 regional pricing advantage vs eastern mills).
Business diversification supported operations
Biomass power generation revenue diversification helped sustain McKenzie operations during broader curtailments, demonstrating the value of non-lumber cash flows.
Temporary accounting issue explained and expected reversal
Long-term debt was temporarily reclassified as current under IFRS as of December 31, 2025 due to timing of BDC formalization; management expects this reclassification to be reversed when Q1 results are released.
TSE:CFF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:CFF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 23, 2026 | C$0.14 | C$0.15 | +7.14% |
Nov 14, 2025 | C$0.22 | C$0.21 | -4.55% |
Aug 14, 2025 | C$0.33 | C$0.32 | -3.08% |
May 12, 2025 | C$0.33 | C$0.38 | +14.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Conifex Timber (TSE:CFF) report earnings?
Conifex Timber (TSE:CFF) is schdueled to report earning on May 12, 2026, Before Open (Confirmed).
What is Conifex Timber (TSE:CFF) earnings time?
Conifex Timber (TSE:CFF) earnings time is at May 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What is TSE:CFF EPS forecast?
Currently, no data Available