Stella-Jones Q1 Net Income Falls, Misses Analysts' Expectations
Stella-Jones (SJ.TO) reported a decrease in net income in the first quarter even as revenue increased year-over-year.For the three months ended March 31, 2026, the company reported net income of $60 million or adjusted earnings per basic and diluted share of $1.12, compared with $93 million or $1.15 EPS, a year earlier. The result missed a consensus estimate compiled by FactSet of $1.13 EPS.Sales increased to $791 million in the quarter, compared with $773 million, a year-ago, but missed a consensus estimate compiled by FactSet of $811.4 million."We are pleased with the strong performance of Utility Products, driven by sustained demand for wood utility poles, as we successfully execute on our secured contractual commitments," said Stella-Jones Chief Executive Eric Vachon.Its board also declared a quarterly dividend of $0.34 per common share, unchanged from the prior quarter, payable on June 19, to shareholders of record at the close of business on June 2.Shares of the company closed up 2.5% to $83.50 on Tuesday on the Toronto Stock Exchange.