Second Quarter Results - Sales increased 18% to $903 million
- EBITDA rose 50% to a new record of $180 million, or a margin of 20%
- Net income reached $115 million, or $1.76 per share
- Solid financial position with a net debt-to-EBITDA ratio of 1.7x
- Annual 2021 EBITDA forecast revised to $410 to $440 million
MONTREAL, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Stella-Jones Inc. (TSX: SJ) (“Stella-Jones” or the “Company”) today announced financial results for its second quarter ended June 30, 2021.
“We are very pleased with our second quarter performance, which included strong sales growth in each of our product categories. Volume gains in utility poles and railway ties, combined with unprecedented high market prices of lumber, drove sales to over $900 million and EBITDA to a record quarter,” stated ric Vachon, President and CEO of Stella-Jones.
https://www.globenewswire.com/news-release/2021/08/03/2273503/0/en/Stella-Jones-Reports-Second-Quarter-Results.html