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Resolute Forest Products Inc, (RFP) CEO Remi Lalonde on Q1 2021 Results - Earnings Call Transcript

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Resolute Forest Products Inc, (NYSE:RFP) Q1 2021 Earnings Conference Call April 29, 2021 9:00 AM ET

Company Participants

Marianne Limoges - Treasurer and Vice President, Investor Relations

Remi Lalonde - President and Chief Executive Officer

Sylvain Girard - Senior Vice President and Chief Financial Officer

Conference Call Participants

Neil Patel - CIDP, capital markets

Sean Steuart - TD security

Paul Quinn - RBC capital markets


Good morning and thank you for standing by. Welcome to Resolute Forest’s First Quarter Earnings Call. [Operator Instructions] I would now like to hand the conference over to Marianne Limoges, Treasurer and Vice President, Investor Relations. Thank you, please. Go ahead.

Marianne Limoges

Good morning. Welcome to Resolute’s First Quarter Earnings Call today. We'll hear from Remi Lalonde, President and Chief Executive Officer and Sylvain A. Girard, Senior Vice President and Chief Financial Officer. [Operator Instructions] Today's presentation will include non-U.S. GAAP financial information. Our press release and yet pending included conciliation of non- GAAP information to U.S. GAAP financial measures. We will also make forward-looking statements. Forward-looking information is based on our current assumptions, beliefs, and expectations, all of which involve a number of business risks and uncertainties and can change as conditions. You please review the precautionary statements in our press-release and on-slide two of today's presentation.

I will turn the call over to Remi.

Remi Lalonde

Hey good morning and thank you for joining us. Today we have reported $221 million of adjusted EBITDA for the first quarter compared to $129 million in the fourth quarter. This has been a very good quarter for a strong and growing wood products business. As the lumber tailwind continues, the segment delivered $232 million of EBITDA and increase of $93 million from before.

For the other segments, we reported adjusted EBITDA of $10 million in market

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