Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

Stella-Jones Q2 profits rise on stronger demand, recent acquisitions

MONTREAL - Stella-Jones Inc. (TSX:SJ) says strong demand for railway ties and utility poles helped profits grow nine per cent in the second-quarter, with an extra sales boost coming from its recent acquisitions.

The Montreal-based wood producer reported net income of $28.8 million, or 42 cents per share, an increase from $26.4 million, or 38 cents per share a year ago.

Sales grew to $344.8 million from $280.9 million in the comparable period.

The company says railway tie sales grew 18.1 per cent to $141.5 million, while utility pole sales were up 28 per cent to $121.6 million.

The results were helped by the purchase of the Pacific Wood Preserving Companies last November, which contributed $12 million to revenues, while the purchase of Boatright Railroad Products in May added another $3.7 million to the results.

Stella-Jones Inc. (TSX:SJ) is a leading producer and marketer of pressure treated wood products. It supplies railroad operators with railway ties and timbers, and electrical utilities and telecommunication companies with utility poles. It also sells residential lumber to retailers and wholesalers.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
The First World War at 100

Social Media

Canadian Mortgage Rates