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Stella-Jones to acquire Texas Electric wood utility pole manufacturing business for US$28M plus inventories of about US$4M; TEC produces southern yellow pine utility poles using creosote and CCA preservatives at wood treating facility in Jasper, Texas

CIBC keeps Stella-Jones at outperformer and lifts target C$5 to C$46 on higher estimates; over next few years, SJ should benefit from emerging replacement cycle in poles augmented by federal infrastructure spending, electrification of mobility, 5G rollout

Desjardins maintains Stella-Jones at buy and lifts target by C$2 to C$61, says 2022 outlook appears positive on continued demand for utility poles; solid balance sheet should enable company to unlock shareholder value through continued M&A, share buybacks

Stella-Jones Q2 2022 Earnings Call - Transcript

Stella-Jones reports Q2 net income of C$94M, from year-ago C$115M, on sales slightly up to C$907M; residential lumber sales down 13.4% to C$286, utility poles sales up 33.9% year-over-year, industrial products up slightly, railway ties down slightly

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