Core Points - Stella-Jones Inc. announced the results of its director election following the Annual Meeting of Shareholders held on May 7, 2025 [1] - All nominees proposed as directors were elected by a majority of votes cast by shareholders [2] - The advisory vote on executive compensation received 88.98% approval [2] Election Results - Michelle Banik received 44,324,929 votes for (99.85%) and 66,759 votes against (0.15%) [2] - Robert Coallier received 44,196,728 votes for (99.56%) and 194,961 votes against (0.44%) [2] - Anne E. Giardini received 44,214,196 votes for (99.60%) and 177,451 votes against (0.40%) [2] - Karen Laflamme received 44,192,661 votes for (99.55%) and 199,027 votes against (0.45%) [2] - Katherine A. Lehman received 44,225,747 votes for (99.63%) and 165,942 votes against (0.37%) [2] - Douglas Muzyka received 44,328,595 votes for (99.86%) and 63,093 votes against (0.14%) [2] - Simon Pelletier received 43,768,177 votes for (98.60%) and 623,512 votes against (1.40%) [2] - Éric Vachon received 44,376,962 votes for (99.97%) and 14,727 votes against (0.03%) [2] Company Overview - Stella-Jones Inc. is a leading North American manufacturer focused on infrastructure products essential for electrical distribution and railway transportation [4] - The company supplies treated wood utility poles to major electrical utilities and treated wood railway ties to North America's Class 1, short line, and commercial railroad operators [4] - Stella-Jones also manufactures industrial products such as timbers for railway bridges and marine pilings, as well as premium treated residential lumber for outdoor applications [4]

Financial Performance - Stella-Jones reported sales of CAD 773 million for Q1 2025, a slight decrease from CAD 775 million in Q1 2024, with pressure-treated wood sales down by CAD 36 million or 5% due to lower volumes across most product categories [4][6] - Gross profit for the quarter was CAD 168 million, resulting in a gross profit margin of 21.7%, down from 22.2% in the previous year [3][7] - Operating income increased to CAD 143 million, up from CAD 124 million in Q1 2024, aided by an insurance settlement of CAD 38 million [8][9] - EBITDA rose to CAD 179 million, with an EBITDA margin of 23.2%, compared to CAD 156 million and a margin of 20.1% in the same period last year [8][9] Acquisition Strategy - The company announced a definitive agreement to acquire Locweld Inc. for CAD 58 million, enhancing its infrastructure offerings in the steel transmission structure industry [2][14] - The acquisition is expected to unlock investment opportunities and create more value for customers and shareholders [2][14] Liquidity and Capital Resources - Stella-Jones maintained robust liquidity of CAD 691 million at the end of the quarter and a net debt-to-EBITDA ratio of 2.6x [10][32] - The company utilized its liquidity to support seasonal working capital needs, repurchase CAD 15 million of shares, and declared a dividend of CAD 17 million [10][13] Segment Performance - Utility poles sales increased to CAD 419 million, while railway ties sales decreased to CAD 208 million, reflecting a 14% decline in volumes [12] - Residential lumber sales remained stable at CAD 88 million, and industrial product sales increased to CAD 39 million [12]

Group 1 - Stella-Jones Inc. will hold a conference call on May 7, 2025, at 8:00 AM Eastern Daylight Time to discuss its first quarter results [1] - The annual meeting of shareholders will also take place on May 7, 2025, at 11:00 AM Eastern Daylight Time, both in-person and virtually [2] - Registered shareholders and duly appointed proxyholders will have the opportunity to participate, ask questions, and vote during the meeting [4] Group 2 - Stella-Jones Inc. is a leading North American manufacturer focused on infrastructure products essential for electrical distribution and railway transportation systems [6] - The company supplies treated wood utility poles to major electrical utilities and treated wood railway ties to Class 1, short line, and commercial railroad operators [6] - Stella-Jones also manufactures and distributes premium treated residential lumber and accessories for outdoor applications [7]

Group 1 - Stella-Jones Inc. announced the appointment of Wesley Bourland as Senior Vice-President and Chief Operating Officer, effective April 14, 2025 [1] - Mr. Bourland has extensive experience in operations, having served as COO for a leading hardwood lumber supplier and held various leadership roles in a steel structures manufacturer [3][4] - He is a trained Mechanical Engineer with a Bachelor of Science from the University of Texas at Austin, and will focus on manufacturing, strategic planning, and process optimization [5] Group 2 - Eric Vachon, President and CEO of Stella-Jones, expressed enthusiasm for Mr. Bourland's appointment, highlighting his results-driven leadership and ability to drive operational excellence [6][7] - Stella-Jones is a leading North American manufacturer of products essential for electrical distribution, transmission, and railway transportation systems [8] - The company supplies treated wood utility poles and railway ties to major electrical utilities and railroad operators across North America [8]

Core Points - Stella-Jones Inc. will hold a conference call to discuss its first quarter results on May 7, 2025, at 8:00 AM Eastern Daylight Time [1] - The press release regarding the conference call will be published before market opens on the same day [2] - The annual meeting of shareholders will also take place on May 7, 2025, at 11:00 AM Eastern Daylight Time, in a hybrid format [3] - Registered shareholders and duly appointed proxyholders will have the opportunity to participate, ask questions, and vote during the meeting [5] - Stella-Jones' 2024 Annual Report is now available on the company's website [6] Company Overview - Stella-Jones Inc. is a leading North American manufacturer focused on infrastructure products essential for electrical distribution and railway transportation systems [7] - The company supplies treated wood utility poles to major electrical utilities and treated wood railway ties to Class 1, short line, and commercial railroad operators [7] - Additionally, Stella-Jones manufactures and distributes premium treated residential lumber and accessories for outdoor applications, primarily servicing Canadian customers [7]