From GlobeNewswire: 2025-02-27 07:00:00

Stella-Jones Inc. reported annual sales of $3,469 million, up 5% from the prior year, with operating income of $503 million and EBITDA of $633 million. EPS was $5.66, an increase from $5.62 in 2023, and a quarterly dividend increase of 11% was announced. Financial objectives for 2023-2025 were reaffirmed.

In the fourth quarter of 2024, sales increased to $730 million, with pressure-treated wood sales up by 5%. Utility poles sales remained stable, while railway ties and residential lumber sales saw significant growth. Gross profit was $138 million, and net income was $52 million.

For the full year 2024, sales reached $3,469 million, a 5% increase from 2023. Utility poles sales grew by 6%, while railway ties and industrial products also saw growth. Gross profit increased to $724 million, with EBITDA at $633 million. Net income for 2024 was $319 million.

Stella-Jones used cash generated from operations of $408 million in 2024, returning $153 million to shareholders. The Company invested in growth and maintenance activities, with a net investment of $88 million. The dividend paid in 2024 was $1.12 per share, a 22% increase from 2023.

Stella-Jones maintained a healthy financial position with available liquidity of $802 million as of December 31, 2024. The net debt-to-EBITDA ratio was 2.6x. Subsequent to year-end, the Company amended the U.S. Farm Credit Agreement to extend the Revolving Credit Facility term.

The Company reaffirmed its 2023-2025 financial objectives, with sales expected to reach approximately $3,600 million and an EBITDA margin of over 17%. The target for return to shareholders cumulatively was set at over $500 million, and the Net Debt-to-EBITDA ratio was expected to be between 2.0x-2.5x.

A quarterly dividend increase of 11% to $0.31 per share was declared by the Board of Directors, payable on April 18, 2025. A conference call to discuss the financial results was scheduled for February 27, 2025. Interested parties can join the call by dialing 1-800-206-4400.



Read more at GlobeNewswire:: Stella-Jones Announces Fourth Quarter and Year-End Results