Operator

Good morning. My name is Kevin, and I'll be your host today. Welcome to Canfor's First Quarter 2026 Analyst Call. [Operator Instructions] During this call, Canfor's Chief Financial Officer will be referring to a slide presentation that is available in the Investor Relations section of the company's 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 risks of such statements. I would now like to turn the meeting over to Susan Yurkovich, Canfor's Corporation President and Chief Executive Officer. Please go ahead, Susan.

Susan Yurkovich
President, CEO & Director

Thank you, Kevin. Good morning, and thanks for joining Canfor's Q1 2026 Results Conference Call. I'm going to open with a few comments this morning before turning things over to Patrick A. Elliott, our Chief Financial Officer. We're also joined by Stephen MacKiey, Canfor's Chief Operating Officer; Kevin Pankratz, our Senior Vice President of Sales and Marketing; and Brian Yuen, our Vice President of Pulp Sales -- Pulp and Paper Sales, who are going to be available and happy to take questions at the end.

Our lumber business generated modest EBITDA in the first quarter with improved pricing supported by seasonally higher demand and more limited supply, partly reflecting the significant capacity reductions in our