-- 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.