Conifex Timber Inc (TSX:CFF)
C$ 0.51 0.01 (2%) Market Cap: 20.61 Mil Enterprise Value: 78.18 Mil PE Ratio: 0 PB Ratio: 0.18 GF Score: 60/100
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Q1 2022 Conifex Timber Inc Earnings Call Transcript

May 10, 2022 / 09:00PM GMT
Release Date Price: C$1.82 (-2.15%)
Operator

Good afternoon, ladies and gentlemen. Welcome to the Conifex Timber Inc. Q1 2022 Results Conference Call. I would now like to turn the meeting over to Mr. Ken Shields. Please go ahead.

Kenneth A. Shields
Conifex Timber Inc. - Chairman, CEO & President

Well, thank you, Eric, and good afternoon, everyone, and welcome to our call covering our Q1 2022 results, which happened to represent the second best quarterly result we've ever had the pleasure of reporting.

On revenues of just over $70 million, we achieved EBITDA of $20.1 million and net earnings of $11.4 million, equivalent to $0.28 per share. We are pleased with these results considering the ongoing transportation and pandemic headwinds we faced throughout the quarter as well as the extremely highest winter weather conditions we contended with in January. These quarterly earnings boosted our book value from something like $3 to $3.25 at the end of the year to just over $3.50 per share presently.

We also added $5 million or $0.12 per share in duty deposits in the quarter, bringing our

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