Acadian Timber Corp. (ACAZF) Q2 2023 Earnings Call Transcript

Acadian Timber Corp. (OTCPK:ACAZF) Q2 2023 Earnings Conference Call July 27, 2023 1:00 PM ET

Company Participants

Susan Wood – CFO

Adam Sheparski – President and CEO

Conference Call Participants

Andrew Kuske – Credit Suisse

Paul Quinn – RBC Capital Markets


Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Acadian Timber’s Second Quarter 2023 Analyst Conference Call and Webcast. [Operator Instructions]. Please note that today’s conference is being recorded.

I would now hand the conference over to your speaker host, Susan Wood, Chief Financial Officer. Please go ahead.

Susan Wood

Thank you, operator. Good afternoon, everyone, and welcome to Acadian Timber’s second-quarter conference call. With me, on the call today is Adam Sheparski, Acadian’s President and Chief Executive Officer.

Before discussing Acadian’s results, I will first remind everyone that in discussing our first quarter financial and operating performance, the outlook for the remainder of 2023 and responding to your questions, we may make forward-looking statements. These statements are subject to known and unknown risks, and future results may differ materially. For further information on our known risk factors, I encourage you to review our news release and MD&A, which are available on SEDAR and on our website at

I’ll begin today by outlining the financial and operational highlights for our second quarter ended June 24, 2023. Adam will then provide some additional comments and discuss our outlook for the remainder of 2023.

Acadian experienced strong operational performance during the second quarter, benefiting from favorable weather which allowed harvest to continue later into the winter and to begin earlier after the spring thaw. Contractor availability increased, further enabling us to recoup a portion of the volume shortfall of the first quarter. Sales for the second quarter were $20.7 million, compared to $16.5 million in the same quarter of 2022. Sales volume

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