Jewett-Cameron reports 2Q financial results


Jewett-Cameron Trading Company says its sales and net income are down in part because of weakness in industrial wood sales to pleasure boat manufacturers.

Sales for the second quarter of 2009, which ended Feb. 28, totaled $9.35 million compared to sales of $15 million for the second quarter of 2008. The company reported net income of $256,000, or 11 cents per diluted share, compared to net income of $513,000, or 21 cents per diluted share, in the same period a year ago.

For the six months ending Feb. 28, Jewett-Cameron reported sales of $20.1 million compared to $29.3 million for the same period a year ago. Net income for the first six months of fiscal 2009 was $549,000, or 23 cents per diluted share, compared to net income of $887,000, or 37 cents per diluted share, in the same period a year ago.

"Total company sales for the six months were down about 31.4 percent from the prior year, which reflects the weakness in our industrial wood sales to pleasure boat manufacturers," CEO Don Boone said in a statement.

However, the Jewett-Cameron Lumber segment - which specializes in warehouse distribution and direct sales of specialty metal and wood products primarily related to lawn, garden and pet items - reported a 19 percent increase in sales from the prior six-month period.

"We continue to experience healthy demand for our non-wood specialty products like dog kennels, our proprietary fence gate systems, perimeter fencing and greenhouses," he said.


Quick Hits: October 30, 2020

HMY Yacht Sales opens new office; FLIR, Patrick Industries, Marine Products Corp., and Twin Disc all report quarterly financials.

BoatUS, Stakeholders Ask FCC to Reconsider Approval of Ligado L-Band Wireless Plan

A group says the land-based, industrial 5G L-Band wireless network will make the nation’s GPS system less reliable.

VIDEO: Get On Board Campaign Sees Results

The boating and fishing industry worked together to leverage the health benefits of both activities during the pandemic.

Yamaha Tech School Partnership Program Hits Century Mark

The outboard manufacturer’s program creates a student-to-technician pipeline for Yamaha dealers and provides technical schools with instructor-led courses and tools.

A Wealth of Debuts at FLIBS

Over 20 new models are premiering at the downsized show; here are some of the standouts under 60 feet.

One of a Kind

This year’s FLIBS is truly unlike any other: notably less crowds, but with a healthy dose of serious buyers.