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CIBC maintains Stella-Jones' neutral rating and lowers target by C$1 to C$85 on modestly less favorable balance sheet/capex assumptions; pole margins may moderate with industry capacity adds, but likely to remain elevated for several years

Desjardins reaffirms Stella-Jones at outperform and lowers target by C$2 to C$92 amid softening US utility pole purchases; slowdown in pole purchases should be temporary, but analyst has shifted some of the pole revenue forecast to 2025 from 2024

Saint-Gobain divests its treated timber business--PDM in Ireland and Calders and Grandidge in the UK--to the Iivari Mononen Group; divested assets generated revenues of €50M in 2023, employ 80 people, include utility poles, fencing and railway sleepers

Koppers signs agreement to acquire Brown Wood Preserving for approximately US$100M in cash; Brown Wood manufactures and sells pressure-treated wood utility poles

Industrial roundwood purchases from Finnish private forests fall 34% year-over-year in December 2023; report shows declining prices for spruce, pine logs by 5%-6%, while prices for birch logs, pulpwood surge by 15%, 17%-23% respectively

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