Reports Q3 revenue C$958M vs. C$915M last year. “Stella-Jones (STLJF) achieved another solid performance in the third quarter, supported by volume improvements, robust margins, improved cash flow and a strong balance sheet,” said Eric Vachon, President and Chief Executive Officer of Stella-Jones. “Our team’s unwavering focus on supporting our customers has been critical in driving consistent results. We remain confident in the long-term growth trajectory of our core businesses and in our continued ability to deliver strong profitability. Alongside our resilient performance, we advanced our growth strategy with the acquisition of Brooks. This investment aligns with our strategic priorities-broadening our portfolio of solutions, strengthening our position in the utility sector, and creating a more robust platform to capture rising demand and accelerate future growth. We remain well-capitalized to continue investing in our business and seize emerging opportunities that support long-term growth,” he concluded.
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Read More on STLJF:
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- Stella-Jones appoints Renee Laflamme, Sean Donnelly to board of directors
- Stella-Jones price target raised to C$88 from C$81 at Scotiabank
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