Jewett-Cameron Trading Co Ltd(JCTC)

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Jewett-Cameron to Report Fiscal 2025 Second Quarter Operational and Financial Results on April 14, 2025
Globenewswire· 2025-04-07 20:30
Core Viewpoint - Jewett-Cameron Trading Company Ltd. will report its operational and financial results for the fiscal 2025 second quarter on April 14, 2025, after market close, followed by a conference call and webcast [1] Group 1: Conference Call Details - The conference call is scheduled for April 14, 2025, at 4:30 p.m. Eastern time [2] - Interested parties can join the call by dialing (844) 836-8745 for U.S. callers or +1 (412) 317-6797 for international callers [2] - The webcast will be available live and archived on the company's website [2] Group 2: Company Overview - Jewett-Cameron operates out of North Plains, Oregon, focusing on manufacturing and distributing specialty metal and sustainable bag products, as well as wholesale distribution of wood products [4] - The company's brands include Lucky Dog for pet products, Jewett Cameron Fence for fencing solutions, MyEcoWorld for sustainable bags, and various brands for greenhouse products [4]
Jewett-Cameron to Participate in Upcoming Investor Conferences
GlobeNewswire News Room· 2025-03-31 13:00
Core Insights - Jewett-Cameron Trading Company Ltd. is enhancing investor awareness through various initiatives, including quarterly conference calls and updating its NASDAQ trading symbol to "JCTC" to emphasize its U.S.-based operations [1] Upcoming Investor Conferences - Jewett-Cameron will participate in the Lytham Partners 2025 Industrials & Basic Materials Investor Summit on April 1, 2025, at 11:00 a.m. PT [2] - The company will also present at the Planet MicroCap Showcase: VEGAS 2025 on April 23, 2025, at 3:00 p.m. PT, with options for in-person meetings [2] Company Overview - Jewett-Cameron Trading Company Ltd. specializes in manufacturing and distributing innovative outdoor products, including specialty metal and sustainable bag products, as well as wholesale wood products [3] - The company's brands include Lucky Dog® for pet products, Jewett Cameron Fence for various fencing solutions, MyEcoWorld® for sustainable bags, and several brands for greenhouse products [3]
Jewett-Cameron Expands Lifetime Steel Post® In-Store Displayers to 334 Retail Locations
Globenewswire· 2025-02-18 14:15
Core Insights - Jewett-Cameron Trading Company Ltd. has achieved a significant milestone with over 300 Lifetime Steel Post in-store displays in The Home Depot and Lowe's, catering to the increasing demand for durable fencing solutions [1][2][8] - The Lifetime Steel Post offers a maintenance-free, corrosion-resistant alternative to traditional wood posts, designed for longevity and ease of installation, which is beneficial for both professionals and DIY homeowners [3][4] Company Strategy - The expansion of the Lifetime Steel Post display program to 334 locations is a strategic initiative aimed at enhancing accessibility and education on steel fence post solutions, thereby improving customer engagement and product awareness [2][4][8] - The company is committed to innovation and efficiency in fence construction, with plans to further increase the number of stores featuring the Lifetime Steel Post displays throughout 2025 [5][6] Product Features - Lifetime Steel Posts are engineered to last, with options for multiple lengths and finishes, and can be installed quickly using hydraulic post drivers, reducing labor time and costs [3][4] - The combination of Lifetime Steel Posts with the Adjust-a-Gate steel frame gate kit results in a durable fencing solution that minimizes maintenance and installation challenges [4]
Jewett-Cameron Launches MyEcoWorld® Pet Waste Bags In-Store at Tops Friendly Markets in Northeast
Globenewswire· 2025-02-12 14:15
Core Insights - Jewett-Cameron Trading Company Ltd is expanding its MyEcoWorld® Pet Waste Bags into 59 Tops Friendly Markets in the Northeast starting late February 2025, reflecting a strategic move to meet growing consumer demand for sustainable products [1][6] Company Overview - Jewett-Cameron Trading Company Ltd (Nasdaq: JCTC) specializes in innovative products that enhance outdoor spaces, including sustainable bag products under the MyEcoWorld® brand [7][8] - The company operates in the manufacturing and distribution of specialty metal and sustainable bag products, as well as wholesale distribution of wood products [8] Industry Trends - Grocery retailers are increasingly recognizing the shift towards environmentally responsible choices, with MyEcoWorld® positioned as a leader in providing certified compostable alternatives [2][6] - The percentage of the U.S. population covered by statewide plastic bag bans has increased from 12% to 25% between 2020 and 2024, indicating a growing regulatory environment favoring sustainable products [3] Product Certifications - MyEcoWorld® holds several prestigious certifications, including Silver Ecovadis Certification, Global Recycled Standard (GRS), and BPI Certification, which enhance consumer trust and combat greenwashing [4][5] - The brand's commitment to environmental integrity is demonstrated through its certified compostable materials, which include products made with 30% corn and other certified compostable materials [9] Market Positioning - The expansion into Tops Friendly Markets represents a significant milestone for Jewett-Cameron, allowing access to a broader customer base and recurring sales opportunities [6][7] - MyEcoWorld® aims to create a circular economy and reduce landfill waste, making sustainable living accessible and impactful for consumers [9]
Parthenon LLC Sends Open Letter to Fellow Jewett-Cameron (NASDAQ: JCTC) Shareholders
Prnewswire· 2025-01-30 15:01
Core Points - Parthenon LLC, a significant shareholder in Jewett-Cameron Trading Company, is urging fellow shareholders to vote "WITHHOLD" for the re-election of all Board Directors due to poor business and stock performance [1][4] - The company reported its first annual operating loss in at least 25 years for Fiscal Year 2024, indicating a severe decline in profitability [2] - Despite management's claims of taking steps to improve performance, no Board Director has purchased shares in the company over the past year, raising concerns about their confidence in the company's future [3] Business Performance - Jewett-Cameron experienced a 15% decline in stock value in 2024 and a 40% decline over the past five years, highlighting a troubling trend in stock performance [3] - The Board has not explored strategic alternatives to enhance shareholder value, which is seen as a failure in their responsibilities [4] Shareholder Sentiment - Insiders own less than 1.3% of the outstanding stock, and all Board Director stock holdings were obtained through grants or options, indicating a lack of personal financial investment in the company [1][4] - The call for a "WITHHOLD" vote is framed as a necessary action for shareholders to express dissatisfaction with the Board's performance and commitment to maximizing shareholder value [1][4]
Jewett-Cameron Trading Co Ltd(JCTC) - 2025 Q1 - Quarterly Results
2025-01-17 21:07
Revenue and Sales Performance - Revenue for Q1 2025 was $9.3 million, a decrease from $9.8 million in Q1 2024, with metal fencing product sales increasing by 19% and wood fencing product sales increasing by 4%[6] - Sales for the three months ended November 30, 2024, were $9,267,001, a decrease of 5.5% compared to $9,805,841 for the same period in 2023[18] Profitability and Loss - Gross profit margins for Q1 2025 were 18.3%, down from 19.9% in Q1 2024, primarily due to higher shipping and logistics costs[7] - Gross profit for the three months ended November 30, 2024, was $1,693,902, down 13.4% from $1,956,081 in the prior year[18] - Net loss for Q1 2025 was $(0.7) million or $(0.19) per share, compared to net income of $1.3 million or $0.37 per share in Q1 2024[10] - Net loss for the three months ended November 30, 2024, was $(658,717), compared to net income of $1,291,541 for the same period in 2023[18] - Basic loss per common share for the three months ended November 30, 2024, was $(0.19), compared to earnings of $0.37 per share in the prior year[18] - The company reported a loss from operations of $(858,145) for the three months ended November 30, 2024, compared to a loss of $(789,224) in the prior year[18] Operating Expenses - Operating expenses decreased to $2.6 million in Q1 2025 from $2.7 million in Q1 2024, attributed to reduced professional fees and operational efficiencies[8] - Operating expenses for the three months ended November 30, 2024, totaled $2,552,047, a decrease of 7.0% from $2,745,305 in the same period in 2023[18] Cash Flow and Financial Position - Net cash used by operating activities for the three months ended November 30, 2024, was $(1,777,476), a significant decrease from net cash provided of $4,632,031 in the same period in 2023[19] - Cash at the end of the period on November 30, 2024, was $3,039,391, down from $3,558,168 at the end of the same period in 2023[19] Inventory and Assets - Inventory balances decreased by 23% to $13.5 million at November 30, 2024, from $17.5 million at November 30, 2023[11] - The company listed its 11.6-acre property in Hillsboro, Oregon for sale at a price of $9 million, with a book value of approximately $566,022[5] Strategic Initiatives and Product Development - The company launched the new Adjust-A-Gate® Unlimited product, enhancing its product offerings in the fencing segment[5] - The company is advancing strategic relationships with new sourcing partners to mitigate supply chain risks and reduce dependence on single sources[5] - The company aims to drive growth and profitability through strategic initiatives focused on product innovation and operational efficiency[4] Investor Relations - The company has enhanced its investor communications program, including updating its Nasdaq ticker symbol from "JCTCF" to "JCTC"[5] Other Financial Items - Total other items, including interest income and gains, contributed $22,798 for the three months ended November 30, 2024, compared to $2,532,800 in the prior year[18]
Jewett-Cameron Trading Co Ltd(JCTC) - 2025 Q1 - Earnings Call Transcript
2025-01-15 00:14
Financial Data and Key Metrics - The company is discussing its fiscal year 2025 first quarter financial results for the period ended November 30, 2024 [5] Business Line Data and Key Metrics - No specific data or metrics related to individual business lines were provided in the content Market Data and Key Metrics - No specific data or metrics related to individual markets were provided in the content Company Strategy and Industry Competition - No specific details on company strategy or industry competition were provided in the content Management Commentary on Operating Environment and Future Outlook - Management statements during the call may contain forward-looking statements within the meaning of U S Securities laws These statements describe future expectations plans results or strategies and are generally preceded by words such as may future planned will should expected anticipates or similar words [2] - Listeners are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances events or results to differ materially from those identified in the forward-looking statements as a result of various factors and other risks identified in the Company's 10-K [6] Other Important Information - The conference call is being recorded and participants will be in listen-only mode until the question-and-answer session [1][4] Q&A Session - No questions or answers were provided in the content as the Q&A session had not yet occurred at the time of the provided transcript
Jewett-Cameron Trading Co Ltd(JCTC) - 2025 Q1 - Quarterly Report
2025-01-14 21:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED NOVEMBER 30, 2024 FORM 10-Q (MARK ONE) ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ________ TO ________ COMMISSION FILE NUMBER 000-19954 JEWETT-CAMERON TRADING COMPANY LTD. (Exact Name of Registrant as Specified in its Charter) BRITISH COLUMBI ...
Jewett-Cameron Reports Fiscal 2025 First Quarter Operational and Financial Results
Globenewswire· 2025-01-14 21:05
NORTH PLAINS, Ore., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Jewett-Cameron Trading Company Ltd. (Nasdaq: JCTC), a company committed to innovative products that enrich outdoor spaces, today announced operational and financial results for the fiscal 2025 first quarter for the period ended November 30, 2024. Recent Operational Highlights Achieved year-over-year growth in Q1 2025 in the Company’s fence portion of our Pet, Fencing and Other segment driven by load-in’s of new Lifetime Steel Post® (LTP) displayers for H ...
Jewett-Cameron to Report Fiscal 2025 First Quarter Operational and Financial Results on January 14, 2025
Globenewswire· 2025-01-08 21:15
NORTH PLAINS, Ore., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Jewett-Cameron Trading Company Ltd. (“Jewett-Cameron”) (Nasdaq: JCTC), a company committed to innovative products that enrich outdoor spaces, will report its operational and financial results for its fiscal 2025 first quarter, after the market close on Tuesday, January 14, 2025. The Company has scheduled a conference call and webcast that same day, Tuesday, January 14, 2025, at 4:30 p.m. Eastern time, to review the results followed by a question and answ ...