Continued Execution to Expand Infrastructure OfferingSales of $958 million, up 5% from Q3 2024Operating income of $135 million, up 4% from Q3 2024EBITDA(1) of $171 million, or 17.8% margin(1), up 6% from Q3 2024Available liquidity of almost $800 millionNormal Course Issuer Bid announced for 2025-2026Post-quarter acquisition of Brooks, a crossarm manufacturer MONTREAL, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Stella-Jones Inc. (TSX: SJ) (“Stella-Jones” or the “Company”) today announced financial results for its thi ...

MONTREAL, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Stella-Jones Inc. (TSX: SJ) (“Stella-Jones” or the “Company”) today announced that it has completed the previously announced acquisition of the assets of Brooks Manufacturing Co. (“Brooks”). The purchase price amounted to approximately US$140 million, subject to working capital adjustments. Brooks manufactures treated wood distribution crossarms and transmission framing components from their facility located in Bellingham, Washington. Brooks’ consolidated sales fo ...

MONTREAL, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Stella-Jones Inc. (TSX: SJ) (“Stella-Jones” or the “Company”) announced today that the Toronto Stock Exchange (“TSX”) has accepted its Notice of Intention to Make a Normal Course Issuer Bid (the “Notice”). Pursuant to the Notice, Stella-Jones may, during the 12-month period commencing November 14, 2025, and ending November 13, 2026, purchase for cancellation, up to 1,500,000 Common Shares, representing approximately 2.7% of its outstanding Common Shares. As at Oct ...

MONTREAL, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Stella-Jones Inc. (TSX:SJ). Open to:Investors, analysts and all interested partiesDate:Wednesday November 5, 2025Time:10:00 AM Eastern Standard Time (EST)Live Webcast:https://meetings.lumiconnect.com/400-700-172-835Call:(+1) 800 990 2777 THE PRESS RELEASE WILL BE PUBLISHED BEFORE MARKET OPENS THE DAY OF THE CONFERENCE CALL THROUGH GLOBE NEWSWIRE. Please log on or dial in 15 minutes before the conference begins. If you are unable to attend at this time, you may a ...

MONTREAL, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Stella-Jones Inc. (TSX: SJ) (“Stella-Jones” or the “Company”) today announced it will hold an investor day on Thursday, November 20, 2025 for institutional investors and research analysts in Toronto, Ontario. The event will begin at 9 a.m. Eastern Standard Time (EST) and is expected to conclude at 12 p.m. EST. Due to limited capacity, in-person attendance is by invitation only. Those who wish to attend virtually can do so by joining the morning of the event at the ...

Renée Laflamme Renée Laflamme Sean Donnelly Sean Donnelly MONTREAL, Oct. 20, 2025 (GLOBE NEWSWIRE) -- Stella-Jones Inc. (TSX: SJ) (“Stella-Jones” or the “Company”) announced today the appointments of Ms. Renée Laflamme and Mr. Sean Donnelly to its Board of Directors. Ms. Laflamme is an accomplished executive with over 25 years of experience in the financial services and insurance sectors. She currently serves as Executive Vice President of Individual Insurance, Savings & Retirement at iA Financial G ...

I'm an insurance Case Manager with a deep interest in investing. My investment philosophy is all about buying high quality stocks and great businesses. My favorite businesses are those led by disciplined capital allocators, earn exceptional returns on capital, and can compound their invested capital over long periods of time.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I ...

MONTREAL, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Stella-Jones Inc. (TSX:SJ). Open to:Investors, analysts and all interested partiesDate:Wednesday November 5, 2025Time:10:00 AM Eastern Standard Time (EST)Live Webcast:https://meetings.lumiconnect.com/400-700-172-835Call:(+1) 800 990 2777 THE PRESS RELEASE WILL BE PUBLISHED BEFORE MARKET OPENS THE DAY OF THE CONFERENCE CALL THROUGH GLOBE NEWSWIRE. Please log on or dial in 15 minutes before the conference begins. If you are unable to attend at this time, you may ac ...

收购交易概述 - 公司宣布已达成最终协议，收购位于美国的Brooks Manufacturing Co的资产 [1] - 交易收购价格约为1.4亿美元，需根据营运资本进行常规调整 [3] - 收购预计将于年底前完成，取决于包括美国反垄断监管批准在内的交割条件 [3] 收购标的分析 - Brooks公司成立于1915年，是公用事业领域的长期供应商，拥有良好的质量和客户服务记录 [2] - Brooks公司生产经处理的木质配电横担和输电框架组件，这些产品对确保架空电力系统的强度和可靠性至关重要 [1][2] - Brooks公司在截至2024年12月31日的财年销售额达到约8400万美元 [3] 战略契合与协同效应 - 此次收购是公司战略的自然延伸，旨在超越传统产品类别，利用广泛的销售和分销网络更好地支持公用事业领域的需求 [1] - 收购Brooks增强了公司的解决方案组合，使其能够满足公用事业领域不断增长的需求并开启新的增长机会 [3] - 此次收购符合公司的战略重点，即成为基础设施客户的首选合作伙伴 [3] 公司业务简介 - 公司是北美领先的基础设施相关产品制造商，产品对电力输配电以及铁路运输系统的运营和维护至关重要 [4] - 公司向北美主要电力公用事业公司供应经处理的木质和钢制电线杆、钢格构塔，并向北美一级、短线铁路和商业铁路运营商供应经处理的铁路枕木和木材 [4] - 公司还通过其全国性制造和分销网络，向加拿大和美国零售商制造和分销用于户外应用的优质经处理住宅木材和配件 [4]

核心观点 - 公司2025年第二季度及上半年财务表现呈现收入下滑但盈利能力指标改善的分化态势 总收入同比下降但毛利率提升 主要受付费用户减少及投资公允价值变动影响[1][7][8] - 公司持续推进"直播+游戏"生态战略 重点发展AI Vista创意社区及AI Performer技术 并加速全球化布局[4][5][6] - 现金流状况稳健 截至2025年6月30日现金及等价物较2024年底增加4600万元至2.985亿元[7][32] 财务表现 第二季度业绩 - 总收入同比下降6.9%至3.49亿元（4870万美元） 主要因中国移动直播市场竞争导致付费用户数从18.99万降至16.52万[7][9] - 毛利率提升至18.2%（2024年同期17.3%） 因单付费用户直播收入（ARPPU）提高及收入分成费减少3310万元[7][10][11] - 运营费用增长11.8%至4040万元 其中销售费用因营销活动增加激增587.3%至130万元 管理费用因专业咨询费增加增长26.3%至2100万元[12][15] - 净利润同比下降32.0%至2270万元 主要因上市公司投资公允价值变动产生680万元损失（2024年同期收益700万元）[7][13][17] 上半年业绩 - 总收入同比下降5.0%至6.564亿元（9160万美元） 付费用户数从28.41万降至25.39万[7][21] - 毛利润逆势增长4.6%至1.232亿元 毛利率提升至18.8%（2024年同期17.0%） 因ARPPU提高及收入分成费减少5600万元[7][22][23] - 运营费用增长9.2%至8620万元 其中销售费用增长56.7%至340万元 管理费用因咨询费及员工薪酬增加增长21.3%至4440万元[24] - 净利润同比下降73.2%至970万元 主要因投资公允价值变动产生3109万元损失（2024年同期收益380万元）[7][26][30] 战略进展 - AI Vista创意社区取得显著进展 积累大量AI生成图像及视频内容 体现产品路线图优势[5] - 全球扩张战略持续推进 重点开发新市场以扩大用户基础并实现收入多元化[6] - AI Performer技术将增强实时交互数字人能力 覆盖消费级和企业级应用场景[6] - 公司坚持"AI融入日常生活"主题 整合直播业务、AI Vista和Beelive等平台[8] 现金流与资产负债表 - 现金及等价物较2024年底增长18.2%至2.985亿元（4170万美元） 流动性充裕支持创新和扩张[7][32][40] - 投资性证券从3763万元降至654万元 主要因公允价值变动[40] - 长期投资从2.574亿元微增至2.622亿元 无形资产从4.053亿元略降至4.018亿元[40] 运营指标 - 直播虚拟物品收入仍为主力 第二季度贡献3.356亿元（占总收入96.2%） 技术服务和其它业务收入增长至902万元[42] - 用户获取成本增加760万元（第二季度）及1460万元（上半年） 反映公司持续投入用户增长[10][22] - 信贷损失拨备改善 第二季度从180万元降至65万元 因2025年第二季度收款情况改善[15]