08:13 AM EST, 02/27/2025 (MT Newswires) -- Stella-Jones ( STLJF ) on Thursday reported lower fourth-quarter profit, which still beat forecasts. The company also increased its dividend by 11%.

Net income fell to $52 million, or $0.93 per share, from $56 million, or $0.98 per share, in the previous corresponding period. Analysts were forecasting $0.69 per share, according to FactSet.

Sales rose 6% to $730 million in the same period, beating analyst expectations of $696.6 million. Pressure-treated wood sales rose 5%, due to higher railway ties sales and improved residential lumber sales, while utility poles sales were relatively unchanged.

The company increased its dividend to $0.31 per share, which it will pay on April 18.