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Source : Contacts : Stella - Jones Inc. Silvana Travaglini , CPA , CA Senior Vice - President and Chief Financial Officer Stella - Jones Tel .: ( 514 ) 940-8660 stravaglini@stella-jones.com Stella - JoneS Pierre Boucher , CPA , CMA Jennifer McCaughey , CFA MaisonBrison Communications Tel .: ( 514 ) 731-0000 pierre@maisonbrison.com jennifer@maisonbrison.com ● STELLA - JONES REPORTS RECORD FOURTH QUARTER AND 2020 ANNUAL RESULTS 20th consecutive year of sales growth Sales in 2020 increased to $ 2.6 billion EBITDA rose 23 % to a record $ 385 million , a margin of 15.1 % ● Net income reached $ 210 million or $ 3.12 per share • Strong financial position with a net debt - to - EBITDA ratio of 1.9x • Quarterly cash dividend increased 20 % to $ 0.18 per share ● Amends Normal Course Issuer Bid to increase maximum shares to be repurchased Ⓡ Montreal , Quebec March 10 , 2021 - Stella - Jones Inc. ( TSX : SJ ) ( “ Stella - Jones ” or the “ Company " ) today announced financial results for its fourth quarter and year ended December 31 , 2020 . " Stella - Jones ' record performance in 2020 exemplifies the resiliency of our business model , the strength of our continental network and our team's ability to effectively adapt and deliver strong results for stakeholders , despite the challenges faced throughout the year . Sales were up for the 20th consecutive year , reaching $ 2.6 billion , which drove the 23 % increase in EBITDA to a record $ 385 million . The unprecedented rise in residential lumber demand and pricing , and the continued solid sales growth in utility poles and railway ties allowed us to generate cash from operations of $ 178 million which we deployed to invest in our network and return capital to shareholders . In line with our capital allocation strategy , today we announced a dividend increase of 20 % and an increase to the maximum number of shares to be repurchased under the Normal Course Issuer Bid , demonstrating our confidence in Stella - Jones ' strong cashflow generation , " stated Éric Vachon , President and CEO of Stella - Jones . " While the impact of the ongoing global pandemic on the demand for our products and operations remains uncertain , we are currently projecting organic sales growth in 2021 , driven by our utility poles and residential lumber product categories . We continue to actively implement our strategy , focusing on network efficiencies , innovation and accretive acquisitions , in order to enhance our business resilience and the Company's long - term value creation . With ample financial flexibility we are well positioned to continue to drive growth and generate consistent value for shareholders , " concluded Mr. Vachon .