Stella-Jones reports Q2 EPS C$1.94 vs. C$1.72 last year

Reports Q2 revenue C$1.05B vs. C$972M last year. “The Company recorded strong second quarter results, reflecting the effective execution of our growth strategy,” said Eric Vachon, President and Chief Executive Officer of Stella-Jones. “With our infrastructure product categories representing almost 80% of sales in the first half of 2024, we are pleased with the growth of utility poles, railway ties and industrial products. Our investments continue to allow us to deliver a compelling offering and execute on our service promise to customers, while we focus on the sustained growth potential of product categories that support infrastructure. Our demonstrated ability to create value through profitable growth is complemented by the responsible actions we undertake across our operations and value chain. On August 1st, we published our 2023 Environmental, Social and Governance report, which highlights our progress since the inauguration of our sustainability strategy last year. We continue to prioritize meaningful action for our people, our communities and our stakeholders and I am proud of our collective contribution to a more sustainable infrastructure across North America,” concluded Mr. Vachon.