Stella-Jones Q3 Adjusted Earnings Fall, Sales Rise; Announces Normal Course Issuer Bid

08:01 AM EST, 11/04/2026 (MT Newswires) -- Stella-Jones (SJ.TO) reported third quarter adjusted earnings of CA$1.39 per basic share compared with CA$1.59 per basic share a year earlier. Sales for the quarter ended Sept. 30 was CA$979 million compared with CA$958 million a year earlier, the company said on Wednesday. Analysts polled by FactSet expected sales of CA$1.01 billion. The company said it launched a "performance optimization program, inclusive of previously disclosed network optimizations", which is expected to deliver up to CA$100 million in cost savings over the next three years combined. The company also said in a separate release on Wednesday that the Toronto Stock Exchange accepted its notice of intention to make a normal course issuer bid to purchase for cancellation up to 1.5 million common shares during the 12-month period from Nov. 14, 2026 to Nov. 13, 2027, representing approximately 2.7% of its outstanding common shares as at Oct. 31.