Stella-Jones Inc. (TSX: SJ) today announced financial results for its second quarter and six-month period ended June 30, 2010. Sales were $167.3 million, an increase of $38.2 million, or 29.6% from last year's sales of $129.1 million. The acquisition of Tangent Rail Corporation ("Tangent"), effective April 1, 2010, contributed sales of approximately $42.1 million. Changes 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 $9.4 million when compared with the same period a year earlier. Adjusting for year-over-year currency fluctuations, sales increased approximately 4.0% versus last year's second quarter, reflecting higher railway tie sales in both the United States and Canada.

• Sales of $167.3 million compared with $129.1 million last year
• Organic revenue growth of approximately 4.0%
• Non-recurring expenses of $5.4 million, mainly to optimize production and maximize synergies
• Semi-annual dividend increased 11.1% to $0.20 per share

Financial Highlights

	Quarters ended June 30,
(CDN $)	2010	2009	% change
Sales	167.3 M	129.1 M	29.6%
Net earnings	5.6 M	11.0 M	(49.1)%
Net earnings per share - diluted	0.35	0.87	(59.8)%