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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Greenfirst Forest Products
Greenfirst Forest Products (GFP) investor relations material
Greenfirst Forest Products Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary11 Aug, 2026
Executive summary
Net sales reached $96.1 million in Q2 2026, the highest in eight quarters, driven by improved lumber prices, inventory mix, and higher sales volumes.
Adjusted EBITDA was $11.8 million, up from negative $15.1 million in Q1 2026, reflecting operational improvements and cost efficiencies.
Net income for Q2 2026 was $5.5 million, reversing prior losses, with diluted EPS of $0.24.
Received CAD 3.2 million in government support, aiding liquidity and strategic initiatives.
CEO Joel Fournier announced resignation effective October 31, 2026, with a transition plan in place.
Financial highlights
Q2 2026 net sales were $96.1 million, up from $60.6 million in Q1 and $84.5 million year-over-year.
Operating income improved to $7.9 million from a Q1 loss of $19 million; Adjusted EBITDA turned positive at $11.8 million.
Cost of sales was $62.1 million, aided by a $16.2 million reversal of inventory provisions.
Duties and tariffs expense rose to $21.1 million, reflecting higher shipment volumes and prices.
Cash at quarter-end was $2.8 million, with $24.4 million available under the revolving credit facility.
Outlook and guidance
Cautious outlook for lumber pricing due to market uncertainty, inflation, and high mortgage rates; focus remains on operational execution and cost control.
Chapleau Large Log Line ramp-up and optimization expected to continue through Q3, with full financial contribution anticipated by year-end.
Strategic capital expenditures will be deferred in the short term, with ongoing evaluation of smaller investments aligned with government support.
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Latest events from Greenfirst Forest Products
- Q3 losses and a higher U.S. duty assessment deepen pressure on results.GFP
Q3 2026 - Q1 2026 posted a $20.7M loss, negative EBITDA, and new financing amid tariffs and market volatility.GFPQ1 2026
- Q4 2025 posted a $32.8M net loss and $21.7M EBITDA loss, but liquidity and upgrades advanced.GFPQ4 2025
- Q2 2025 posted a net loss and negative EBITDA, but record production and liquidity improved.GFPQ2 2025
- CAD 50M capex to drive 20% output growth, cost cuts, and top-quartile Ontario efficiency.GFPStatus Update
- All resolutions, including consolidations and a new option plan, were approved by shareholders.GFPEGM 2024
- Q3 2024 returned to profit with $14.8M net income, cost cuts, and a major duties recovery.GFPQ3 2024
- Q2 loss deepened as weak lumber markets persisted, but paper spin-out and liquidity actions advanced.GFPQ2 2024
- Q1 2025 returned to profitability as higher lumber prices offset lower volumes and tariff risks.GFPQ1 2025
Next Greenfirst Forest Products earnings date
Q3 202618 Nov, 2026
Greenfirst Forest Products
Next Greenfirst Forest Products earnings date
Q3 202618 Nov, 2026
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Frequently asked questions
Greenfirst Forest Products Inc. is a company primarily engaged in the production and marketing of softwood lumber. It operates within the forestry sector, focusing on sustainable forest management and lumber production. The company serves a variety of markets including residential and commercial construction, as well as industrial sectors. Greenfirst Forest Products emphasizes environmentally sustainable practices in forestry management and requires its suppliers to adhere to similar standards. The company is headquartered in Vancouver, British Columbia, Canada, and its shares are listed on the Toronto Stock Exchange.