Jewett-Cameron Q3 revenue falls on discontinued cedar contract

Jewett-cameron Trading

14/07/2026 21:19

Overview
U.S. fencing and outdoor products maker's fiscal Q3 revenue fell 22% yr/yr on discontinued cedar contract
Gross profit margin rose to 18% from 15% as metal fencing mix improved, but remains below norms
Company posted wider net loss as pet segment stayed soft and tariffs pressured margins

Outlook
Company expects margin pressure from tariffs and higher costs to persist
Jewett-Cameron plans to focus on core metal fencing products and reduce annual operating expenses
Company continues to evaluate strategic options, including potential divestitures and partnerships

Result Drivers
CEDAR CONTRACT CANCELLATION - Revenue fell mainly due to discontinuation of low-margin cedar fencing supply agreement, reducing sales by over $3 mln yr/yr
METAL FENCING GROWTH - Improved sales in metal fencing, led by core brands and supported by in-store display programs and product expansion
TARIFFS AND COST PRESSURE - Margins remain pressured by tariffs, higher product and logistics costs, despite some stabilization from initial tariff-related price increases

Company press release: ID:nGNX9bpt2W

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
 
$9.90 mln
 
Q3 EPS
 
-$0.23

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)