Stella-Jones reports Q4 EPS C$0.98 vs. C$0.61 last year

Reports Q4 revenue C$688M vs. C$665M last year. “We concluded 2023 with a marked improvement in profitability and the successful execution of investments to support the continued growth momentum in our infrastructure product categories,” said Eric Vachon, President and Chief Executive Officer of Stella-Jones. “With the first year of our three-year strategic plan now completed, I am proud of our collective achievements. We reinforced our solid industry presence through strategic acquisitions and capital projects, we worked to secure additional long-term sales commitments to seize growing demand from existing and new customers, and we leveraged the forward-thinking and expert know-how of our team to deliver exceptional results.” “Driven by the increased level of profitability, we announced a 22% growth in the Company’s quarterly dividend. This is the 20th year of continuous dividend increases, which truly speaks to our confidence in the long-term financial strength of our business. We are optimistic that the thoughtful planning and execution of our business strategy, combined with recently set sustainability targets and our disciplined capital management, will enable us to sustain profitable growth and deliver meaningful value for all our stakeholders. On the heels of such a banner year for our business, Stella-Jones’ growth prospects are promising, and we are ready for the future,” concluded Mr. Vachon.