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Stella-Jones
Stella-Jones (SJ) investor relations material
Stella-Jones Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary6 Aug, 2026
Executive summary
Q2 2026 sales reached $1,042 million (CAD 1.042 billion), a slight increase from Q2 2025, driven by utility products and the Brooks acquisition, with strong demand across infrastructure markets.
Operating income declined to $95 million from $155 million year-over-year, impacted by $32 million in network optimization and restructuring charges.
Adjusted EBITDA was $167 million (16.0% margin), down from $189 million (18.3%) in Q2 2025, reflecting cost pressures, operational inefficiencies, and non-recurring items.
Cash flow from operations was robust at $192 million, supporting net debt reduction and strong liquidity of $759 million at quarter-end.
Integration of recent acquisitions, especially crossarms, is progressing well and contributing to results.
Financial highlights
Gross profit for Q2 2026 was $186 million (17.9% margin), down from $206 million (19.9%) in Q2 2025, mainly due to higher site-specific and fuel costs.
Net income for Q2 2026 was $61 million ($1.12 per share), compared to $106 million ($1.91 per share) in Q2 2025; adjusted net income was $87 million ($1.59 per share).
Year-to-date sales reached $1,833 million, up from $1,807 million in the prior year period.
Net debt-to-adjusted EBITDA at quarter-end was 2.5x, with net debt reduced by over $100 million in H1.
Available liquidity at quarter-end was $759 million.
Outlook and guidance
Margin performance is expected to improve in H2 2026 as cost pressures moderate, but full-year adjusted EBITDA margin will remain below the 17.5%-18.5% three-year target.
Confident in achieving three-year average adjusted EBITDA margin objectives of 17.5%-18.5% for 2026-2028, supported by optimization and pricing actions.
Utility pole volume growth guided to mid-single digits for the full year, despite Q2 weather impacts.
Residential lumber sales expected to remain within $600-650 million for the year.
Operational improvement initiatives in poles and ties expected to deliver full benefits starting in 2027.
Drivers for margin recovery to target range
Impact of Class 1 railroad demand on railway ties
Status of steel structure capacity expansions
Fayetteville steel plant commissioning timeline
Expected TSO volume share in railway ties
Wood utility pole fuel cost recovery timeline
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Latest events from Stella-Jones
- Sales target set at CAD 3.6B by 2025; EBITDA margin floor raised to over 17%.SJ
Q3 20249 Jul 2026 - Ambitious growth targets in infrastructure, steel, and ESG with $4B sales and >10% EPS CAGR by 2028.SJInvestor Day 20259 Jul 2026
- Sales and EBITDA rose 5% in 2024, with dividend up 11% and infrastructure driving growth.SJQ4 20248 Jul 2026
- Solid Q1 margins and insurance gains; Locweld acquisition supports infrastructure growth.SJQ1 20258 Jul 2026
- Q3 2025 saw higher sales, EBITDA, and net income, driven by utility pole and lumber strength.SJQ3 20258 Jul 2026
- Strong sales, margin expansion, and cash flow drive growth and strategic acquisitions.SJInvestor presentation5 Jun 2026
- Q1 sales up to $791M, margins down, utility products strong, new U.S. facility planned.SJQ1 202612 May 2026
- EBITDA margin hit 18.9% as utility growth and acquisitions drove $3.5B sales and $337M net income.SJQ4 20259 Apr 2026
- Expanding infrastructure focus, strong contracts, and U.S. growth drive 2028 targets.SJ47th Annual Raymond James Institutional Investor Conference4 Mar 2026
Next Stella-Jones earnings date
Q3 20264 Nov, 2026
Stella-Jones
Next Stella-Jones earnings date
Q3 20264 Nov, 2026
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Eferix Drawings Google Play
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@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
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