Company to host webcast today, July 14, 2026, at 4:30 p.m. Eastern time
NORTH PLAINS, Ore., July 14, 2026 (GLOBE NEWSWIRE) -- Jewett-Cameron Trading Company Ltd. (the "Company"; Nasdaq: JCTC), a company committed to innovative products that enrich outdoor spaces, today announced operational and financial results for the fiscal 2026 third quarter and nine-month period ended May 31, 2026.
Management Discussion
"We made measurable progress again during the third quarter, even as the reported year-over-year comparison was impacted by the cancellation of a low-margin cedar fencing supply agreement which reduced revenue by over $3 million compared to the third quarter of last year," commented Chad Summers, CEO of Jewett-Cameron. "The underlying progress was led by metal fencing, where we saw improved quarterly traction across Adjust-A-Gate®, Fit-Right®, Lifetime Steel Post® and Perimeter Patrol®, supported by our focus on in-store display programs and core product expansion. Greenwood also delivered another strong quarter, reflecting continued recovery in transit-related demand and growth from non-transit customers, while pet remains soft as consumer discretionary spending remains pressured."
"We also made significant progress strengthening the balance sheet and improving liquidity," Summers continued. "Through the first nine months of fiscal 2026, we reduced inventory by more than $8 million, increased cash, reduced accounts payable and accrued liabilities, and lowered bank indebtedness. Sequentially from Q2 2026, we also materially reduced borrowings under our line of credit as receivables were collected and excess inventory was converted into cash. These actions are an important part of our broader effort to simplify the business, improve cash conversion and create greater financial flexibility as we move through the remainder of fiscal 2026."
"Margin contribution remains under pressure from tariffs, higher product costs, and logistics costs, but we have seen some stabilization from earlier in fiscal 2026 as customers accepted initial tariff-related price increases," Summers continued. "That said, stabilization does not equate to a return to pre-tariff margins, and most fence categories remain below historical norms. We continue to focus on cash conversion, completing the monetization of remaining excess non-core inventory, pursuing tariff refunds where available, and evaluating strategic partnerships, collaborations and potential divestitures involving select businesses and real estate assets. Our priority remains to unlock value from non-core assets while exiting fiscal 2026 with a sustainable long-term business model," Summers concluded.