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Recent Articles

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Wood products industrial production increased by 0.7% in March, while nonmetallic mineral products fell 1.8%, and furniture production fell 1.0%: US Federal Reserve

Oregon, Idaho senators introduce Mass Timber Federal Buildings Act to promote use of mass timber in federal, military construction; bill creates two-tier contracting preference and reporting requirement to provide evidence of carbon sequestration benefits

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

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