JEWETT CAMERON TRADING CO (JCTC) Company Report

Jewett-Cameron Trading Company (JCTC) reported a 7% decrease in Q1 2026 revenue to $8.3 million and a net loss of $3.9 million or $1.12 per share, primarily driven by $2.2 million in inventory write-downs for Pet and lumber products.
Gross operating margins were negative 12.5% in Q1 2026, compared to positive 18.3% in Q1 2025, largely due to these write-downs and liquidation sales.
While overall revenue declined, the metal fence business and Greenwood subsidiary experienced year-over-year growth, offset by decreased sales in lumber and Pet products.
The company is implementing cost reduction initiatives, including a significant drop in wages and employee benefits from $1.7 million to $1.2 million, and aims to reduce annual operating expenses by $1 million-$3 million.
JCTC secured a revised lending agreement, increasing its maximum borrowing capacity from $4 million to $6.5 million and the maximum amount of accounts receivable invoices purchased from $6 million to $8 million, to support operational realignment.

Jan 14, 2026, 9:30 PM

Jewett-Cameron Trading Company Reports Q1 2026 Financial Results

JCTC

Earnings

Demand Weakening

New Projects/Investments

Jewett-Cameron Trading Company reported Q1 2026 revenue of $8.3 million, a 7% decrease from Q1 2025, and a net loss of $3.9 million or $1.12 per basic and diluted share for the period ended November 30, 2025.
Gross operating profit margins were negative 12.5% in Q1 2026, primarily due to $2.2 million in additional inventory write-downs related to PET and lumber, and the impact of tariffs.
The company reduced wages and employee benefits to $1.2 million from $1.7 million through headcount reductions and aims to further reduce annual operational expenses by $1-$3 million.
Strategic efforts include focusing on the core metal fencing business, monetizing non-core assets (industrial lumber, PET, wood fencing, and real estate), and renegotiating pricing agreements to mitigate tariff impacts.
JCTC also amended its credit line, increasing the maximum borrowing capacity to $6.5 million and advances against inventory to 50%, with $4.2 million borrowed as of November 30, 2025.

Jan 14, 2026, 9:30 PM

Jewett-Cameron Trading Company Reports Q1 2026 Financial Results with Revenue Decline and Net Loss

JCTC

Earnings

Demand Weakening

New Projects/Investments

Jewett-Cameron Trading Company reported a 7% decrease in revenue to $8.3 million and a net loss of $3.9 million (or -$1.12 per share) for Q1 2026, primarily due to $2.2 million in inventory write-downs on PET and lumber, which led to negative 12.5% gross operating margins.
While sales of lumber and PET products decreased, the metal fence business showed slight year-over-year growth, and the Greenwood industrial wood business increased sales by 45%.
The company is committed to reduce annual operating expenses by $1 million-$3 million, is actively working to monetize non-core assets, and has increased its borrowing capacity under a revised lending agreement to support operational realignment.