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A-

Review of Stella-Jones Inc.

APR 09, 2024 - Stella-Jones (SJ) is North America’s leading producer of pressure-treated wood products. We think that the identified tailwinds related to increased investment in infrastructure from both the public and private sector will be a significant catalyst for the company’s future growth. In particular, the utility pole and railway ties subsegments will be leading the way. While sales growth may not be high, the company’s acquisitive nature and ability to return capital to shareholders continues to make SJ a strong investment. We are maintaining our rating of an ‘A-.’

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