Financial Data and Key Metrics Changes - The company reported strong operational cash flow and free cash flow in Q4 2025, demonstrating resilience despite lower price cycles [4][5] - EBITDA for Q4 2025 reached $4.8 billion, an 8% increase quarter-over-quarter, supported by higher volumes and better prices in US dollar terms [14][25] - Net debt was reduced to $12.6 billion by the end of 2025, with leverage declining to 3.2 times [25] Business Line Data and Key Metrics Changes - The pulp business unit achieved record shipment volumes in Q4 2025, with a price recovery noted across all markets [3][12] - The paper and packaging business unit also delivered strong volumes, particularly in the U.S., with a 21% year-over-year increase in packaging prices [6][10] - The company ceased operations at its Rio Verde Mill, which had the highest cash cost in its portfolio, expecting a positive impact on 2026 results [11] Market Data and Key Metrics Changes - In Brazil, print and write demand increased by 1% in the first two months of Q4 2025, while paperboard demand grew by 2% [7][8] - The U.S. market saw stable shipments in Q4, but production increased by 2% due to new capacity, impacting operating rates [9] - International markets remained weak, with declining demand and oversupply, particularly in Europe [7] Company Strategy and Development Direction - The company aims to improve competitiveness through a multi-year program focused on reducing total operational disbursement (TOD) [23] - The management highlighted the importance of maintaining liquidity and reducing net debt as part of their strategic objectives [28] - The joint venture with KC is progressing as planned, with expectations for closing in mid-2026 [28] Management's Comments on Operating Environment and Future Outlook - Management noted a more constrictive business environment for 2026 due to changes in supply and demand dynamics, particularly in the pulp market [28] - The company expects to maintain cash costs in line with Q4 2025 levels, despite challenges in the first half of 2026 [21][25] - Positive developments in the pulp market were attributed to supply-side changes, including the revocation of forestry licenses in Indonesia [70] Other Important Information - The company announced a new buyback program to acquire up to 40 million shares over the next 18 months [27] - A comprehensive review of CAPEX for 2026 indicated a nearly 20% reduction year-on-year [25] Q&A Session Summary Question: Insights on pulp market dynamics in China - Management indicated that new pulp capacity in China is expected to be offset by lower operating rates, resulting in a net zero effect on verticalization for 2025 [34][35] Question: CAPEX trends for 2027 - Management acknowledged non-recurring items impacting CAPEX in 2026 but suggested potential for lower numbers in the future [33][37] Question: Buyback execution strategy - The company emphasized a focus on reducing net debt while being opportunistic with buybacks based on various market factors [40][42] Question: Potential divestments and their impact - Management clarified that divestments are not a primary strategy for deleveraging, focusing instead on operational improvements [41][44] Question: Paper prices in China and their impact on pulp - Management noted that while paper prices are a factor, pulp prices generally drive paper prices, and they expect a recovery in paper margins [47][50] Question: U.S. packaging market performance - The company highlighted its strong position in the U.S. packaging market, insulated from broader market pressures due to long-term contracts [52][53] Question: Cost reduction levers in the pulp business - Management indicated that cash costs are expected to remain stable, with efforts focused on operational efficiency [78]

Earnings Conference Call 4Q25 The forward-looking statements include, without limitation, statements related to the declaration or payment of dividends, implementation of the key operational and financial strategies and investment plans, guidance about future operations and factors or trends that influence the financial situation, liquidity or operational results. Such statements reflect the current view of the management and are subject to diverse risks and uncertainties. These are qualified in accordance ...

Core Insights - Suzano, the world's largest pulp producer, reported record annual sales volumes and net revenue for both the final quarter (4Q25) and the full year (2025) [1] - The company achieved a 15% increase in pulp and paper sales, reaching 14.2 million tonnes compared to 2024 [1] - An improvement in cash cost of pulp production was noted, indicating enhanced operational efficiency [1] Financial Performance - Record annual sales volumes and net revenue were achieved in 2025 [1] - Pulp and paper sales increased to 14.2 million tonnes, reflecting a 15% growth from the previous year [1] Operational Efficiency - The company reported an improvement in cash cost of pulp production, highlighting efforts towards operational efficiency [1]

Core Insights - Suzano S.A. is a significant player in the global pulp and paper industry, offering a wide range of products including eucalyptus pulp, coated and uncoated papers, and tissue papers, while also engaging in biofuel production and biotechnology research [1] - The consensus price target for Suzano has remained stable at $13.4 over the past year, reflecting a consistent analyst outlook and confidence in the company's operations [2][6] - Some analysts, such as Thiago Lofiego from Bradesco, have set a lower price target of $11, indicating potential undervaluation of the stock [2] - Zacks highlights the importance of monitoring value, growth, and momentum trends, suggesting that Suzano may be undervalued, presenting a potential upside for investors [3][6] - The Zacks Rank system, which focuses on earnings estimates and revisions, supports the view of Suzano as a promising stock [3] - Recent Q3 2025 earnings call provided insights into the company's performance and strategic direction, with participation from analysts of major financial institutions [4] - Investors are encouraged to monitor Suzano's financial results, strategic initiatives, and market conditions to assess future performance and investment opportunities [5][6]

VANCOUVER, British Columbia, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Canfor Pulp Products Inc. (TSX: CFX) will hold a joint analyst conference call with Canfor Corporation (TSX:CFP) on Friday, March 6, 2026, to discuss their respective Q4 2025 financial and operating results. When:Friday, March 6, 2026, at 9:00 a.m. PTCall details:Please note that we have transitioned to a new webcast service provider. To register to join the call by phone, click here. To view our Conference Call Participant Guide, click here.If ...

Summary The Board of Directors of Canfor Pulp recommends that Shareholders vote FOR the Arrangement with Canfor Corporation.For questions or assistance in voting, Shareholders may contact Laurel Hill Advisory Group toll free in North America at 1-877-452-7184, at 1-416-304-0211 internationally, by texting “INFO” to either phone number, or by email at assistance@laurelhill.com. Shareholders are encouraged to vote their Common Shares well in advance of the proxy voting deadline, Wednesday, March 4, 2026, at 1 ...

Group 1 - Valmet has launched a new line of Bioneer press roll covers aimed at reducing reliance on fossil-based materials in the pulp and paper industry [1] - The Bioneer range is the first series of press roll covers to include product-specific lifecycle assessment (LCA) data, providing insights into the climate impact of each product [2] - The Bioneer press roll cover can achieve up to a 12.2% reduction in cradle-to-gate CO₂ emissions compared to conventional alternatives [2] Group 2 - Emissions reduction is facilitated through the use of REDcert-certified renewable and recycled raw materials, utilizing a mass balance approach [3] - Valmet's management emphasizes that the transparent LCA data enables customers to compare climate impacts and make informed decisions towards climate targets [3] - The product launch follows a series of orders in Valmet's paper business, including modernization projects in China and automation system supply in Germany [4][5]

Summary of Global Pulp Industry Conference Call Industry Overview - The global pulp market is undergoing a structural transformation, primarily influenced by China's integrated capacity addition, which lowers cost support and leads to an oversupply of paper domestically, limiting pulp price gains during up cycles [1][4] - The expectation is for lower lows and lower highs in pulp price cycles, resulting in weaker overall profitability, a trend anticipated to continue into 2026 [1] Key Themes for 2026 1. **Structural Changes in the Market**: The pulp market is expected to face ongoing challenges due to China's capacity expansion and domestic oversupply [1] 2. **Investment in Efficiency**: Global producers are investing in lower-cost and more efficient capacities, focusing on cost improvements and lobbying for import tariffs [2] 3. **Regional Competitiveness**: Brazilian producers are well-positioned due to scale, cost advantages, and operational stability, while Chilean producers are expected to catch up as investments mature [3] 4. **China's Capacity Growth**: An additional 2.6 million tons per annum (mtpa) of pulp capacity is expected to enter the market in 2026-27, driven by industrial investments and competitive funding costs [24][25] 5. **Deflationary Trends in Europe**: Early signs of deflationary pulp costs in Europe are emerging, with wood costs declining significantly [50] 6. **North American Challenges**: North American pulp production faces competitiveness issues, with a 30% decline over the last decade and ongoing capacity cuts due to negative EBITDA margins [53][55] Company-Specific Insights - **Suzano**: Maintained as a Buy due to relative valuation and the end of the capital expenditure cycle [5] - **Klabin**: Rated Neutral due to rich valuation and slow deleveraging [5] - **CMPC**: Neutral rating due to a leveraged balance sheet and rising capex [5] - **COPEC**: Rated Sell due to multi-year free cash flow pressure [5] Project Updates - **Arauco's Sucuriu Project**: Board-approved and ongoing, expected to contribute significantly to capacity [16] - **CMPC's Natureza Project**: Expected board approval by 2Q26, with attractive economics [19] - **Bracell's Bataguassu Project**: Anticipated to obtain installation license by March 2026 [19] - **APP's OKI Expansion**: Expected to add 2.8 mtpa of pulp capacity by 2027, with significant progress on capex [39][40] Risks and Considerations - **Wood Supply Disruptions**: Potential challenges in accessing competitive woodchips globally could balance the market and impact profitability [4][41] - **Geopolitical Risks**: Macro uncertainties and geopolitical tensions are expected to influence price dynamics [4] - **North American Production Cuts**: The region faces the highest risk of production cuts globally, with significant capacity reductions already observed [56] Conclusion The global pulp industry is navigating a complex landscape characterized by structural changes, regional competitiveness, and significant project developments. Investors should closely monitor these dynamics, particularly in relation to capacity expansions in China and Brazil, as well as the evolving cost structures in Europe and North America.

Core Viewpoint - American Industrial Partners (AIP) has successfully acquired the Global Cellulose Fibers (GCF) business from International Paper, establishing GCF as an independent company [1][3]. Group 1: Company Overview - GCF is headquartered in Memphis, Tennessee, and is the leading global producer of high-quality absorbent fluff pulp for personal care applications, generating approximately $2.3 billion in revenue in 2024 [2][5]. - The company employs around 3,300 people and operates nine manufacturing facilities across the U.S., Canada, and Poland [2][5]. Group 2: Strategic Insights - AIP views GCF's strong market position, experienced workforce, and established customer relationships as key factors for future growth [3]. - GCF's CEO, Clay Ellis, emphasizes the alignment of AIP's long-term investment approach with GCF's culture and priorities, focusing on customer service and employee support [3]. Group 3: Transaction Details - BofA Securities served as the exclusive financial advisor to AIP and provided financing for the acquisition [3]. - Legal counsel for the transaction included Davis Polk & Wardwell LLP, Ropes & Gray LLP, and Baker Botts LLP [3]. Group 4: AIP Overview - AIP is an operationally-oriented industrials investor, focusing on quality industrial businesses with strong management teams and transformative Operating Agendas [4]. - The AIP portfolio companies generate approximately $29 billion in annual revenues and employ over 72,000 people as of September 30, 2025 [4].

Company Overview - Mercer International Inc. is a global forest products company with operations in Germany, the United States, and Canada [4] - The company has a consolidated annual production capacity of 2.1 million tonnes of pulp, 960 million board feet of lumber, 210,000 cubic meters of cross-laminated timber, 45,000 cubic meters of glulam, 17 million pallets, and 230,000 metric tonnes of biofuels [4] Upcoming Financial Results - Mercer International will release its fourth quarter results for the period ending December 31, 2025, on February 12, 2026, after the market closes [1] - A conference call to discuss the results will be hosted by Juan Carlos Bueno, President and CEO, and Richard Short, CFO and Secretary, on February 13, 2026, at 10:00 am ET [1] Conference Call Details - The conference call will be available live over the Internet through a webcast [2] - Participants must register to join the live call and ask questions, with registration available via a specific URL [3] - A replay of the webcast will be archived and accessible through the company's website for those unable to participate live [2]