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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 ● ● Sales increased 23 % to a first quarter record of $ 623 million EBITDA rose 57 % to $ 99 million , or a margin of 15.9 % Net income doubled to reach $ 56 million or $ 0.85 per share Solid financial position with a net debt - to - EBITDA ratio of 2.2x ● Annual 2021 EBITDA guidance raised to $ 450 to $ 480 million ● STELLA - JONES REPORTS FIRST QUARTER RESULTS Annual Meeting of Shareholders to be held later this morning Stella - JoneS Entered into a new senior unsecured credit agreement of up to US $ 350 million , subsequent to quarter - end - Pierre Boucher , CPA , CMA Jennifer McCaughey , CFA Maison Brison Communications Tel .: ( 514 ) 731-0000 pierre@maisonbrison.com jennifer@maisonbrison.com Montreal , Quebec May 3 , 2021 Stella - Jones Inc. ( TSX : SJ ) ( " Stella - Jones " or the " Company " ) today announced financial results for its first quarter ended March 31 , 2021 . Financial Highlights ( in millions of Canadian dollars , except per share data and margin ) " We had an exceptionally robust start to the year , continuing our momentum of growth . Our first quarter performance was fueled by record pricing and volume gains in the residential lumber product category , solid utility poles results , and strong railway ties demand tempered by pricing pressures in certain markets . EBITDA grew by 57 % to an all - time first quarter high of $ 99 million and net income doubled to $ 56 million compared to the same period last year , " stated Éric Vachon , President and CEO of Stella - Jones . Sales ( ¹ ) Gross profit ( 2 ) Gross profit margin ( ² ) EBITDA ( 2 ) " In anticipation of continued strong market conditions for residential lumber and solid demand in the other core product categories , we leveraged our healthy balance sheet this quarter to increase working capital and invest in our network . In April , we increased our available liquidity with a new senior unsecured credit facility , further enhancing our financial flexibility . Together with our resilient business model and solid competitive position , we are well positioned to take advantage of the momentum in demand , create opportunities to grow our core businesses and deliver EBITDA in the mid - to - high $ 400 million range in 2021 , " concluded Mr. Vachon . EBITDA margin ( 2 ) Operating income Operating income margin ( ² ) Net income for the period Ⓡ Q1-21 623 112 17.9 % 99 15.9 % 82 13.1 % 56 0.85 65,711 Q1-20 508 83 16.4 % 63 12.4 % 45 8.8 % 28 0.41 67,469 Earnings per share - basic and diluted Weighted average shares outstanding ( basic , in ‘ 000s ) ( 1 ) Prior period figures have been adjusted to conform to the current period presentation . ( 2 ) This is a non - IFRS financial measure which does not have a standardized meaning prescribed by IFRS and may therefore not be comparable to similar measures presented by other issuers .