Jewett-Cameron Trading - JCTCF STOCK NEWS

Jewett-Cameron Trading Company (NASDAQ: JCTCF) has partnered with Continental Sales & Marketing, Inc. (CSM) to expand distribution of its products in national and regional home improvement retailers. The focus is on Jewett-Cameron's Lifetime Steel Post® and Adjust-A-Gate® fence solutions. CSM, with 49 years of experience, will manage the growing number of regions integrating merchandiser installations, following successful trials in Southern California and Northwest regions.

CEO Chad Summers highlighted upcoming product and merchandising initiatives as key growth drivers. Mike Siuda, VP of Sales and Marketing, praised CSM's execution capabilities. Steven Scheiner, CSM's Founder, expressed enthusiasm for the partnership, while Adam Scheiner, CSM's President, emphasized the alignment between the companies. Jewett-Cameron will benefit from CSM's sales analytics to optimize inventory levels and maximize productivity in stores and online.

Jewett-Cameron Trading Company (Nasdaq: JCTCF), a company focused on innovative outdoor products, has announced its participation in the Lytham Partners Fall 2024 Investor Conference on October 1, 2024. The event will be held virtually, featuring a webcasted presentation and one-on-one investor meetings.

The company's webcasted presentation is scheduled for 1:15pm ET on Tuesday, October 1, 2024. Investors can access the webcast through the conference home page or via a direct link. A replay of the webcast will be available after the event.

Management will also be available for virtual one-on-one meetings throughout the conference. Interested parties can arrange meetings by contacting Lytham Partners or registering for the event through the provided link.

Jewett-Cameron Trading Company (Nasdaq: JCTCF) has retained Lytham Partners, to lead a strategic investor relations and shareholder communication program. This partnership aims to expand the company's visibility and keep shareholders informed about ongoing developments. Lytham Partners, with over 20 years of experience, offers a diverse network of institutional investors and an integrated platform for investor exposure.

CEO Chad Summers highlighted the company's recent strategic initiatives and transformation, stating it's an appropriate time to increase visibility. Lytham Partners' Managing Partner, Robert Blum, emphasized Jewett-Cameron's evolution from a diversified industrials company to one focused on innovative outdoor products for professionals and DIY enthusiasts.

Jewett-Cameron Trading Company (Nasdaq: JCTCF) has announced a significant step in its strategic plan to expand and diversify its product sourcing. The company has added three new supply partners, moving away from its previous reliance on a single manufacturer in China. This multi-source, multi-country approach now includes suppliers from Canada, Bangladesh, Vietnam, Malaysia, Taiwan, and China.

The new agreements cover Jewett-Cameron's fence products, dog containment products, and MyEcoWorld® products. CEO Chad Summers highlighted that this strategy aims to mitigate risks associated with import tariffs and single-source dependencies. The company expects this move to help maintain competitive pricing and protect margins, especially in light of recent tariffs on steel products from China.

Parthenon , a major shareholder of Jewett-Cameron Trading Company (NASDAQ: JCTCF), has issued an open letter to the company's board expressing serious concerns about its performance and future viability. The letter highlights:

1. Poor stock performance: -46.3% over 5 years vs. Russell 2000 +62.4%
2. Declining profitability: EBITDA dropped from $4M average to negative $1.2M
3. Operational challenges: Supply chain risks, pricing power, growing competition
4. High-cost debt: New credit line at prime rate + 4.75% (13.25% total)
5. Lack of insider ownership: Less than 1% owned by insiders, no purchases in 10 years

Parthenon urges the board to explore strategic alternatives, including a potential sale, to maximize shareholder value.

Jewett-Cameron Trading Company (NASDAQ: JCTCF) has successfully launched in-store merchandiser displays for their integrated steel framework for wood fences in major home improvement retailers. The displays, initially trialed in Southern California, have shown significant success, with Lifetime Steel Post® product sales outperforming year-over-year in participating stores. The company plans to expand into more regions during their first quarter starting September 1, 2024.

The new merchandisers strategically place Jewett Cameron's Adjust-A-Gate® and Lifetime Steel Post® products in the lumber aisle, allowing customers to access all necessary steel components for gate and wood fence construction in one location. This innovative approach has garnered positive responses from regional merchant managers, leading to increased demand for merchandiser installations across various regions.

Jewett-Cameron Company (NASDAQ: JCTCF) has appointed Mike Siuda as Vice President of Sales and Marketing. With over 30 years of experience in the building products industry, Siuda brings expertise in growing sales, particularly with big box home center retailers. His recent accomplishments include enhancing Metaltech's scaffolding business through product innovations and optimized in-store configurations.

Siuda's background includes work with Black & Decker, Rheem, and FastenMaster, where he focused on understanding professional contractors' needs and aligning solutions with channel partners. He has also successfully managed the transition to online purchasing in building materials, implementing efficient delivery programs.

CEO Chad Summers expressed confidence that Siuda's leadership will drive Jewett-Cameron's strategic goals and deliver value to customers. Siuda's appointment marks a new chapter in the company's sales leadership, leveraging his extensive knowledge and relationships in the building materials and home improvement sectors.

Jewett-Cameron Trading Company (NASDAQ: JCTCF) has listed its 11.6-acre industrial property in Hillsboro, Oregon, for sale and lease. The property, formerly used for seed processing and storage, features approximately 109,500 square feet of building space. It's being marketed through Macadam Forbes Commercial Real Estate Services with an undisclosed asking sale price and a monthly lease rate of $40,000 (triple net).

The site is zoned 'Rural Industrial' (RIND) in Washington County, allowing various uses including contractor's yards, telecom facilities, and special recreation. Jewett-Cameron is exploring potential rezoning to expand permitted uses. The property is also within the study area for North Plains' Urban Growth Boundary expansion, highlighting its strategic location for future development.

Jewett-Cameron Trading Company (NASDAQ: JCTCF) reported financial results for Q3 and nine months of fiscal 2024. Q3 sales decreased to $15.9 million from $18.9 million in Q3 2023. Net income for Q3 was $154,862 ($0.04 per share), down from $734,951 ($0.21 per share) in Q3 2023. For the nine-month period, sales declined to $33.9 million from $39.7 million, but net income improved to $912,257 ($0.26 per share) from a loss of $310,847 ($0.09 per share) in 2023, aided by a one-time arbitration settlement gain.

CEO Chad Summers cited economic factors and restrained consumer spending as challenges. The company is focusing on core products and expanding in-store product placement. As of May 31, 2024, cash position was $1.05 million, with a new asset-based credit line established for financial flexibility.