Stella-Jones Inc. (TSX: SJ) (“Stella-Jones” or the “Company”) has announced that it has entered into a definitive agreement to purchase substantially all the assets employed in the wood utility pole manufacturing business of Texas Electric Cooperatives, Inc. (“TEC”) for a total purchase price of US$28M plus inventories of approximately US$4M. Stella-Jones signs agreement to purchase[…]
Stella-Jones Inc. appoints independent Director, Katherine A. Lehman as the Company’s Chair of the Board of Directors (the “Board”). Ms. Lehman has served on Stella-Jones’ Board of Directors and Audit Committee since 2016. She is Managing Partner at Hilltop Private Capital LLC, a private equity firm based in New York and has garnered more than[…]
Stella-Jones Inc. completed the acquisition of substantially all the operating assets employed in the business of Wood Preservers Incorporated, located at its wood treating facility in Warsaw, Virginia. Wood Preservers Incorporated manufactures, sells and distributes marine and foundation piling and treated wood utility poles. Sales for the twelve-month period ended December 31, 2016 were approximately[…]
Stella-Jones Inc. announced financial results for its 4Q and fiscal year ended December 31, 2017. 4Q 2017 sales amounted to $377.4 million, representing an increase of 10.4% from $341.7 million a year ago. Operating income totalled $29 million, or 7.7% of sales, in the 4Q 2017, versus $28.2 million, or 8.2% of sales, last year.[…]
Stella-Jones Inc. announced financial results for its 3Q ended September 30, 2017. Sales reached $517.6 million, up 1% from $512.6 million last year. Acquisitions contributed sales of approximately $2.1 million, while the conversion effect from fluctuations in the value of the Canadian dollar, Stella-Jones’ reporting currency, versus the U.S. dollar, had a negative impact of[…]