Jewett Cameron Trading Ltd - JCTC STOCK NEWS

Jewett-Cameron Trading Company (Nasdaq: JCTC) announces the expansion of MyEcoWorld® Pet Waste Bags into 59 Tops Friendly Markets across the Northeast by late February 2025. This expansion marks a significant milestone for the company's less seasonal product line.

The move responds to increasing consumer demand for environmentally responsible products and growing plastic bans. MyEcoWorld® distinguishes itself through comprehensive certifications, including Silver Ecovadis Certification, Global Recycled Standard, and BPI Certification. The product line includes certified compostable pet waste bags and food waste bags in 3-gallon and 13-gallon sizes.

The expansion aligns with current market trends, as plastic bag bans now cover 25% of the U.S. population, with 12 states implementing statewide bans and over 500 municipalities across 28 states having local plastic ban ordinances.

Parthenon , owning 6.2% of Jewett-Cameron Trading Company (NASDAQ: JCTC), has issued an open letter urging shareholders to vote "WITHHOLD" for all Board Directors at the upcoming February 21, 2025 annual meeting. The letter highlights significant concerns about the company's performance, noting that FY 2024 marked the first operating loss in at least 25 years.

The letter criticizes the Board's lack of personal investment, pointing out that insiders own less than 1.3% of outstanding stock, and no Director has purchased shares in the past decade despite the stock's decline. The company's stock has dropped 15% in 2024 and 40% over the past five years (ending December 31, 2024). Despite management's claims of anticipated improvements and statements about the stock being "undervalued", Parthenon expresses skepticism about the Board's commitment and their refusal to explore strategic alternatives to maximize shareholder value.

Jewett-Cameron (JCTC) reported Q1 2025 financial results with revenue of $9.3 million, down from $9.8 million in Q1 2024. Metal fencing products saw a 19% increase in sales, while wood fencing grew 4%. The company experienced a net loss of $(0.7) million or $(0.19) per share, compared to net income of $1.3 million in Q1 2024.

Key operational highlights include doubling in-store Lifetime Steel Post® displayers to nearly 200 units, launching the new Adjust-A-Gate® Unlimited product, and listing their 11.6-acre Hillsboro property for $9 million. Gross profit margins decreased to 18.3% from 19.9% year-over-year, primarily due to higher shipping costs. The company maintains a strong balance sheet with $3.0 million in cash and no long-term debt, while reducing inventory by 23% to $13.5 million.

Jewett-Cameron Trading Company (Nasdaq: JCTC) has announced it will release its fiscal 2025 first quarter operational and financial results on January 14, 2025, after market close. The company has scheduled a conference call and webcast for the same day at 4:30 p.m. Eastern time, which will include a results review and Q&A session.

Interested parties can join the conference call by dialing (844) 836-8745 for U.S. callers or +1 (412) 317-6797 for international participants. The webcast will be available live and archived at the company's website. A teleconference replay will be accessible until January 21, 2025, using replay access code 5685030.

Jewett-Cameron Trading Company (Nasdaq: JCTC) has launched the Adjust-A-Gate® Unlimited, a new low profile complete gate kit. The innovative product features adjustable corner brackets supporting gates up to 72 inches high and 84 inches wide, compatible with both horizontal and vertical designs. The kit includes patent pending anti-sag technology, steel corner brackets, all necessary hardware, and installation guide.

The all-in-one integrated system is offered at a competitive price point compared to other gate kits that require additional components. The product aims to serve both professional contractors and DIY enthusiasts with its straightforward installation process and adaptable design suitable for various architectural styles.

Jewett-Cameron Trading Company reported fiscal 2024 results with Q4 revenue of $13.2 million, down from $14.6 million in Q4 2023. Full-year revenue was $47.1 million compared to $54.3 million in FY 2023. The company experienced growth in pet and fence products, offset by the termination of seed cleaning operations. Net income for FY 2024 was $0.7 million ($0.21 per share) compared to a net loss of $(0.0) million in FY 2023. Cash balance improved to $4.9 million, with no long-term debt. The company implemented strategic initiatives including new supply partnerships and product launches, while listing its 11.6-acre Hillsboro property for $9 million.

Jewett-Cameron (Nasdaq: JCTC) announces it will report its fiscal 2024 full year and fourth quarter operational and financial results after market close on Wednesday, November 20, 2024. The company will host a conference call and webcast the same day at 4:30 p.m. Eastern time, featuring a results review and Q&A session. Interested parties can join via phone at (844) 836-8745 (US) or +1 (412) 317-6797 (international). The webcast will be accessible live and archived on the company's investor relations website. A replay will be available until November 27, 2024.