Business
Stella-Jones Announces Fourth Quarter and Year-End Results
Annual sales of $3,469 million , up 5% vs the prior year Operating income...
About this update from Stella-jones Inc.
[{"type":"text","content":"Stella-Jones Announces Fourth Quarter and Year-End ResultsCompany Focused on Sustained Profitable Growth\n\n\n\n\n\n Annual sales of\n \n\n $3,469 million\n \n\n , up\n \n\n 5%\n \n\n vs the prior year\n \n\n\n\n Operating income of $503 million\n \n\n\n\n EBITDA\n \n\n\n (1)\n \n\n\n of $633 million, or 18.2% margin\n \n\n\n (1)\n \n\n\n\n\n EPS of $5.66, compared to $5.62 in 2023\n \n\n\n\n Strong operating cash flow of $408 million\n \n\n\n\n Increasing quarterly dividen\n \n\n d by 11% to $0.31 per share\n \n\n\n\n Reaffirms 2023-2025 financial objectives\n \n\n\n\n MONTREAL, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Stella-Jones Inc. (TSX: SJ) (“Stella-Jones” or the “Company”) today announced financial results for its fourth quarter and year ended December 31, 2024.\n \n\n “We concluded another year of sales and EBITDA growth, reflecting the enduring strength of our business and unwavering customer-centric approach,” said Eric Vachon, President and Chief Executive Officer of Stella-Jones. “We achieved solid results in our infrastructure product categories, even in the face of softer market demand for utility poles. We acquired new customers, maintained our expanded EBITDA margin of over 18%, and delivered strong operating cashflows. Given our conviction in the long-term fundamentals of our business, we have also increased the quarterly dividend for the 21\n \n st\n \n consecutive year.”\n \n\n “As we turn to 2025, we remain confident in the growth prospects of our current infrastructure business, supported by the accelerated need to strengthen North America’s aging electrical grid, and the opportunities in railway ties to drive increased profitability. We also look to build even stronger customer relationships by expanding our offering to our infrastructure customers. As we drive forward, we will continue to focus on optimizing our operating model and generating a healthy EBITDA margin. With our strong cash flow-generating business and disciplined capital allocation strategy, we are confident that our actions will continue to enhance shareholder value.”\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\n\n Three-month periods\n \n ended\n \n\n December 31\n \n\n ,\n \n\n\n\n\n\n\n\n\n Ye...