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]

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]

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

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 ...

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 ...

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 ...

NORTH PLAINS, Ore., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Jewett-Cameron Trading Company Ltd. (NASDAQ:JCTC), a company dedicated to designing innovative products that enhance outdoor living, is proud to announce its latest product launch, the new Adjust-A-Gate® Unlimited, a low profile complete gate kit. This new fence product redefines adaptability and simplicity for gate construction and is designed with flexibility and customization at its core. This innovative gate kit features a low profile, corner bracket ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock, no par value JCTC NASDAQ Capital Market FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended AUGUST 31, 2024 Or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from _________ to _________________ Commission ...

Core Viewpoint - Jewett-Cameron Trading Company Ltd. reported operational and financial results for fiscal year 2024, highlighting a decrease in revenue primarily due to the exit from seed cleaning operations and a decline in lower-margin wood fence products, while also emphasizing growth in higher-margin segments and strategic initiatives for future growth [1][5][6]. Financial Performance - Q4 2024 revenue was $13.2 million, down from $14.6 million in Q4 2023, attributed to the termination of seed cleaning operations and reduced revenues from lower-margin wood fence products [2][5]. - FY 2024 revenue totaled $47.1 million, a decrease of $7.2 million from $54.3 million in FY 2023, mainly due to a $2.4 million drop from seed cleaning operations and a $3.3 million decline in pet product sales [6]. - Gross profit margins for Q4 2024 were 14.5%, down from 20.9% in Q4 2023, while FY 2024 gross profit margins were 18.8%, compared to 22.6% in FY 2023, reflecting higher inventory costs and increased shipping expenses [7]. - Operating expenses decreased to $10.7 million in FY 2024 from $11.8 million in FY 2023, due to reduced professional fees and operational efficiencies [8]. Strategic Initiatives - The company launched a scalable process for Lifetime Steel Post® displayers and AdjustA-Gate® merchandisers, expanding into over 100 stores by the end of August 2024 [2]. - A partnership with Continental Sales & Marketing, Inc. was established to enhance distribution with key home improvement retailers, focusing on metal and composite fence products [2]. - The company added three new supply partners to diversify sourcing and reduce dependency on single suppliers, aiming to mitigate tariff impacts on steel products [2]. Management Insights - The CEO noted the company's successful navigation through post-pandemic challenges and emphasized a focus on profitable growth through strategic initiatives and innovative product launches [3][4]. - The company aims to improve transparency and investor relations through enhanced communication and participation in investor conferences [4]. Asset Management - The company listed its 11.6-acre property in Hillsboro, Oregon for sale at $9 million, with a book value of $566,022 [2]. - Inventory balances decreased to $13.2 million as of August 31, 2024, from $18.3 million a year earlier, while cash balances increased to $4.9 million from $0.1 million [11]. Earnings and Losses - The net loss for Q4 2024 was $(0.2) million, or $(0.05) per share, compared to a net income of $0.3 million, or $0.08 per share in Q4 2023 [10]. - For FY 2024, net income was $0.7 million, or $0.21 per share, compared to a net loss of $(0.0) million, or $(0.01) per share in FY 2023 [10].