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Stella-Jones Announces Normal Course Issuer Bid
Globenewswire· 2025-11-05 11:55
Core Viewpoint - Stella-Jones Inc. has received approval from the Toronto Stock Exchange to initiate a Normal Course Issuer Bid, allowing the company to repurchase up to 1,500,000 common shares over a 12-month period, representing approximately 2.7% of its outstanding shares [1][2]. Group 1: Share Repurchase Details - The repurchase will occur on the open market through the TSX, with a daily purchase limit of 22,955 common shares, which is 25% of the average daily trading volume of 91,822 shares [2]. - The company previously repurchased 1,101,732 common shares at a weighted average price of approximately $74.87 per share, totaling around $82.49 million during the prior 12-month period [3]. Group 2: Company Overview - Stella-Jones Inc. is a leading North American manufacturer focused on infrastructure products essential for electrical distribution, transmission, and railway transportation systems [5]. - The company supplies treated wood and steel utility poles, steel lattice towers, and treated wood railway ties, among other products, to major electrical utilities and railway operators across North America [5].
REMINDER - Stella-Jones Will Hold a Conference Call to Discuss its Third Quarter Results
Globenewswire· 2025-11-04 12:00
Core Insights - Stella-Jones Inc. is a leading North American manufacturer focused on infrastructure products essential for electrical distribution, transmission, and railway transportation systems [4]. Group 1: Company Overview - Stella-Jones Inc. supplies treated wood and steel utility poles, steel lattice towers, and treated wood railway ties to major electrical utilities and railway operators across North America [4]. - The company also provides industrial products such as timbers for railway bridges, crossings, construction, marine and foundation pilings, and coal tar-based products [4]. - A significant portion of Stella-Jones' business is dedicated to manufacturing and distributing premium treated residential lumber and accessories for outdoor applications, primarily servicing Canadian customers [4]. Group 2: Upcoming Events - A conference call is scheduled for November 5, 2025, at 10:00 AM Eastern Standard Time (EST), with a press release to be published before market opens on the same day [2][3]. - Participants are encouraged to log on or dial in 15 minutes prior to the conference, and a web recording will be available after the meeting [3].
Stella-Jones to Hold Investor Day
Globenewswire· 2025-10-28 11:00
Core Points - Stella-Jones Inc. will hold an investor day on November 20, 2025, for institutional investors and research analysts in Toronto, Ontario [1] - The event will start at 9 a.m. EST and conclude at 12 p.m. EST, with limited in-person attendance by invitation only [2] - Virtual attendance is available via a provided link, and attendees are encouraged to join at least 10 minutes early [2] - An investor presentation will be available on the Company's website on the morning of the event, with a replay of the webcast accessible afterward [3] Company Overview - Stella-Jones Inc. is a leading North American manufacturer focused on infrastructure products essential for electrical distribution, transmission, and railway transportation systems [4] - The Company supplies treated wood and steel utility poles, steel lattice towers, and treated wood railway ties to major electrical utilities and railway operators in North America [4] - Stella-Jones also manufactures industrial products such as timbers for railway bridges and marine pilings, and distributes premium treated residential lumber to Canadian and American retailers [4]
Stella-Jones Announces Two Appointments to Board of Directors
Globenewswire· 2025-10-20 11:00
Core Insights - Stella-Jones Inc. has appointed Ms. Renée Laflamme and Mr. Sean Donnelly to its Board of Directors, increasing the total number of board members to ten [5]. Group 1: Appointees' Backgrounds - Ms. Renée Laflamme has over 25 years of experience in financial services and insurance, currently serving as Executive Vice President at iA Financial Group, where she oversees growth strategy and operations [2]. - Mr. Sean Donnelly has extensive experience in innovation, technology, and manufacturing, notably as President and CEO of ArcelorMittal Dofasco from 2014 to 2021, focusing on operational excellence and sustainability [3]. Group 2: Company Overview - Stella-Jones Inc. is a leading North American manufacturer of products essential for infrastructure, supplying treated wood and steel utility poles, steel lattice towers, and treated wood railway ties to major electrical utilities and railroad operators [6]. - The company also provides industrial products for railway bridges and marine applications, along with premium treated residential lumber for outdoor use, primarily servicing Canadian customers through its distribution network [6]. Group 3: Board Chair's Statement - Katherine A. Lehman, Chair of the Board, expressed confidence that the new appointees will enhance the Board's effectiveness and support the company's long-term success, aligning with Stella-Jones' evolving priorities [4].
Stella-Jones Reports Director Election Results
Globenewswire· 2025-05-07 19:17
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]
Stella-Jones Grows Into Electrical Transmission Steel Structures With the Acquisition of Locweld
Globenewswire· 2025-05-07 10:00
Company Overview - Stella-Jones Inc. has announced the acquisition of Locweld Inc., a designer and manufacturer of lattice transmission towers and steel poles, with the deal expected to close today [1][3]. - Locweld, based in Candiac, Quebec, has over 75 years of experience and employs approximately 220 people [2]. Strategic Implications - The acquisition allows Stella-Jones to enter the approximately $5 billion steel transmission structure market, enhancing its current utility poles business and creating new growth opportunities [3]. - The CEO of Stella-Jones emphasized that this strategic move will leverage the company's extensive sales and distribution network to better serve customers and expand its market reach [3]. Financial Details - The acquisition price is set at $58 million on a cash-free, debt-free basis, with potential additional performance-based payments of up to $7 million contingent on achieving specific milestones [5]. - Stella-Jones plans to invest approximately $15 million in capital expenditures to increase Locweld's output and optimize operational efficiencies [5]. - Locweld reported sales of approximately $55 million for the year ending September 30, 2024 [5]. Management Transition - Following the acquisition, Michael Cyr, the CEO of Locweld, will step down, while key management members will remain to support the business [5].
Reminder - Stella-Jones’ First Quarter Results Conference Call and Annual Meeting of Shareholders
Globenewswire· 2025-05-06 11:00
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]
Stella-Jones Announces the Appointment of Wesley Bourland as Senior Vice-President and Chief Operating Officer
Globenewswire· 2025-04-10 11:00
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]
Stella-Jones’ First Quarter Results Conference Call and Annual Meeting of Shareholders
Globenewswire· 2025-04-09 11:00
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]