07:43 AM EDT, 08/07/2024 (MT Newswires) -- Stella-Jones ( STLJF ) said second-quarter profit rose 10%, boosted by infrastructure product sales.

The lumber and wood products company said second-quarter net income rose to $110 million, or $1.94 per share, from $100 million, or $1.72 per share.

Sales increased 8%, to $1.05 billion. The 13% growth of sales of utility poles, railway ties and industrial products drove the increase. Lower residential lumber and logs and lumber sales partly offset the advance in the other areas.

"With our infrastructure product categories representing almost 80% of sales in the first half of 2024, we are pleased with the growth of utility poles, railway ties and industrial products," said Stella-Jones ( STLJF ) CEO Eric Vachon.

The company will pay a quarterly dividend of $0.28 per share that is payable on September 23.