Business
Stella-Jones Announces First Quarter Results
Sales of $773 million, relatively unchanged from Q1 2024 Operating income of $143 million...
About this update from Stella-jones Inc.
[{"type":"text","content":"Stella-Jones Announces First Quarter Results2023-2025 financial objectives remain unchanged\n\n\n\n\n\n Sales of $773 million, relatively unchanged from Q1 2024\n \n\n\n\n Operating income of $143 million, including insurance settlement of $38 million\n \n\n\n\n Strong EBITDA\n \n\n\n (1)\n \n\n\n of $179 million, or\n \n\n 23.2%\n \n\n margin\n \n\n\n (1)\n \n\n\n , including 5% from insurance settlement\n \n\n\n\n Robust available liquidity of $691 million at quarter-end\n \n\n\n\n Acquisition post-quarter of a steel transmission structure manufacturer, aligned with strategy to support North American infrastructure\n \n\n\n\n MONTREAL, May 07, 2025 (GLOBE NEWSWIRE) -- Stella-Jones Inc. (TSX: SJ) (“Stella-Jones” or the “Company”) today announced financial results for its first quarter ended March 31, 2025.\n \n\n “We delivered a strong EBITDA margin in the first quarter, reflecting the resilience and strength of our business through softer volumes,” said Eric Vachon, President and Chief Executive Officer of Stella-Jones. “Though macroeconomic headwinds continue to impact volume growth, at this stage we remain confident in our ability to achieve our financial objectives. We are executing on sound financial and operational foundations, and we remain assured in the long-term growth outlook for our infrastructure businesses.”\n \n\n “Today, the Company entered into a definitive agreement to acquire Locweld Inc., a leading manufacturer of lattice towers and steel poles for electrical transmission. This transaction marks a step forward in Stella-Jones’ long-term vision, allowing us to enhance our infrastructure offering and establish a presence in the growing steel transmission structure industry. It is a significant marker in our growth strategy, which we expect will unlock investment opportunities and position us to create more value for our customers and shareholders,” he concluded.\n \n\n\n\n\n Financial Highlights\n \n\n (in millions of Canadian dollars, except ratios and per share data)\n \n\n\n\n Three-month periods\n \n\n\n ended\n \n\n March 31\n \n\n ,\n \n\n\n\n\n\n\n\n\n\n\n 2025\n \n\n\n\n\n\n 2024\n \n\n\n\n\n\n\n Sales\n \n\n 773\n \n\n\n\n 775\n \n\n\n\n\n\n Gross profit\n \n (1)\n \n\n\n 168\n \n\n\n\n 172\n \n\n\n\n\n\n Gross profit margin\...