Content about Jewett-Cameron Trading Company Ltd.

July 15, 2013

Jewett-Cameron Trading Co. CEO Don Boone said a shift to e-commerce resulted in lower costs and higher margins for the company during its third quarter ended May 31.

Overall, third quarter sales were $15.1 million, down from $16.1 million a year ago. The company reported net income of $1.02 million, up from $937,000 a year ago.

Sales for the nine months were at $38.6 million, up from $35.1million a year prior. Net income for the nine months was $2.3 million, about the same as a year ago.

Boone added that the company implemented a new share repurchase plan.

January 17, 2011

North Plains, Ore.-based LBM distributor Jewett-Cameron Trading Company Ltd. authorized a share repurchase plan to purchase for cancellation up to 350,000 common shares through facilities of the NASDAQ Stock. This amount represents approximately 17% of the approximately 2.0 million common shares outstanding.  During 2010, the Company repurchased 376,112 shares under a prior formal plan of repurchase, the company said.