Operating income reached $54.6 million, or 13.0% of sales, versus $47.6 million, or 14% of sales, last year.
Net income for the 1Q 2016 increased 16.3% to $35 million, or $0.51 per diluted share, compared with $30.1 million, or $0.43 per diluted share, in the 1Q 2015.
"Stella-Jones generated solid operating results in the 1Q. This performance reflects healthy demand from regular replacement and maintenance programs in our core railway tie and utility pole markets, our expanded reach in the residential lumber category, as well as our focus on optimizing network efficiency," said Brian McManus, President and CEO.
Stella-Jones Inc. is a leading producer and marketer of pressure treated wood products.
