Jewett-Cameron earnings up in first quarter
Lumber and metal products company Jewett-Cameron Trading reported earnings of $373,915, a 3.6 percent jump compared with last year’s first-quarter earnings of $287,883.
The North Plains, Ore.-based company reported sales of $14.3 million, down 7.7 percent from $15.5 million in the same period last year.
The company blamed the decline in sales on lower demand for industrial wood products. Products in the company’s lawn, garden and pet business segments helped offset the lower sales. Additionally, the company saw higher sales of specialty metal products, which have a more favorable overhead than wood products.
"We are pleased with our results in the quarter," said Don Boone, CEO of Jewett-Cameron. "We are also encouraged with the continued rapid growth in demand for our specialty metal products, particularly for our gate support systems, which sell under the trade name Adjust-A-Gate.”
Jewett-Cameron Trading is a holding company that operates through subsidiary companies, including Jewett-Cameron Lumber Corp., Greenwood Products and MSI-Pro.