Stella-Jones Inc. (TSX: SJ) today announced financial results for its third quarter ended September 30, 2011. Sales reached $181.8 million, an increase of $20.5 million, or 12.7% over last year's third-quarter sales of $161.3 million. The conversion effect from fluctuations in the value of the Canadian dollar, Stella-Jones' reporting currency, versus the U.S. dollar, decreased the value of U.S. dollar denominated sales by about $10.2 million when compared with the previous year. Excluding this conversion effect, sales increased approximately 19.0%, as demand remained robust for the Company's core railway tie and utility pole product categories.

• Sales of $181.8 million, up from $161.3 million in Q3 2010
• Operating income of $25.6 million, or 14.1% of sales, versus $19.7 million, or 12.4% of sales, in Q3 2010
• 33.2% increase in net income to $16.6 million
• Diluted EPS of $1.03 per share, up from $0.78 last year

Financial Highlights

	Quarters ended September 30,
(CDN $)	2011	2010	% change
Sales	181.8 M	161.3 M	12.7%
Net income	16.6 M	12.4 M	33.2%
Net income per share - diluted	1.03	0.78	32.1%