Pricing Impacts Stella-Jones Earnings

Stella-Jones Inc., a producer of pressure-treated wood products, had sales of $623 million for the first quarter of 2021, up $115 million over sales of $508 million in the first quarter of 2020. The increase was partially driven by record pricing and volume gains in the residential lumber product category. Sales for the residential lumber segment rose 134 per cent year-over-year and sales in the logs and lumber segment more than doubled. The company had net income of $56 million for the quarter compared to $28 million in the year-ago period.