Stella-Jones sales fall on dampened revenues in railroad ties

By Bill Esler
Woodworking Network
November 14, 2017
Category: Business & Politics
Region: Canada, Canada East
MONTREAL, P.Q. – Stella-Jones Inc. said growth in telephone poles and residential construction lumber sales led to growth in the latest quarter, offsetting declines in its railroad ties business. “Stella-Jones’ growing reach in the utility pole and residential lumber markets led to solid sales growth in these product categories during the third quarter, more than offsetting the effect of lower year-over-year pricing in the railway tie product category,” said Brian McManus, Chief Executive Officer. Sales reached $517.6 million, up one percent.

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