Western Forest Products Inc.

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The conference is ready to begin. Good morning, ladies and gentlemen. Welcome to the Western Forest Products second quarter 2023 results conference call. During this conference call, Western's representatives may make forward-looking statements within the meaning of applicable securities laws. These statements can be identified by words like anticipate, plan, estimate, will, and other references to future periods. Although these forward-looking statements reflect management's reasonable beliefs expectations and assumptions, they are subject to inherent uncertainties and actual results may differ materially. There are many factors that could cause actual outcomes to be different, including those factors described under risks and uncertainties in the company's annual MDNA, which can be accessed on CDAR and is supplemented by the company's quarterly MDNA. Forward-looking statements are based only on information currently available to Western and speak only as of the date on which they are made. Except as required by law, Western undertakes no obligation to update forward-looking statements. Accordingly, listeners should exercise caution in relying upon forward-looking statements. I would now like to turn the meeting over to Mr. Stephen Hofer, President and CEO of Western Forest Products. Mr. Hofer, please go ahead.

Thank you, Patrick, and good morning, everyone. I'd like to welcome you to Western Force Products' 2023 second quarter conference call. Joining me on the call today is Stephen Williams, our Executive Vice President and Chief Financial Officer, and Glenn Nontel, our Vice President of Corporate Development. We issued our 2023 second quarter results yesterday. I will provide you with some introductory comments and then ask Steve to take you through our financial results. I will follow Steve's review with our outlook section before we open the call to your questions. In the second quarter of 2023, we continue to face a more challenging demand environment. Headwinds from rapid interest rate increases over the last year continue to work through the economy. This has resulted in weaker lumber demand and prices compared to the same time last year. Our second quarter results also reflect an organizational structure which was not aligned to the current operating environment. As a result, we took steps during the quarter to realign and reorganize certain aspects of our timberlands, manufacturing, and sales and marketing groups. This included the optimization of certain operations and the streamlining of operational structures to drive a more lean and nimble organization moving forward. As part of our operational excellence strategic priority, we remain focused on driving improved profit margins going forward and will continue to evaluate all opportunities to do so. Despite the more challenging environment, we continue to advance opportunities to position our business for long-term success. This including advancing multiple sales, marketing, and quality assurance quality assurance initiatives to support our customer excellence promise. We also advanced our BC strategic capital investments to support value-added manufacturing. We completed installation of our MSR grader at our Duke Point facility and are in the process of testing and calibrating prior to commissioning. We also continue to progress our continuous kiln project at our Salt Air sawmill. These investments will support the production of more kiln-dried lumber products and move our products further up the value chain to drive increased profitability over the long term. In addition, we remain focused on other strategic priorities, including advancing collaborative forest planning activities and partnership opportunities with First Nations and growing our engineered wood products division. Our balance sheet remains strong. and we remain focused on maintaining financial flexibility to support our strategic priorities and balanced approach to capital allocation. I will now turn it over to Steve to review our key financial results.