10-Q · April 13, 2026
Q2 revenue improved to $10,537,210 (up $1,482,259 or 16.4% vs. $9,054,951) but margins and profitability deteriorated: gross profit fell to $1,649,265 and gross margin compressed to ~15.66% (from 20.05%). The company…
Earnings analysis · 10-Q
JCTC earnings analysis
Filed July 14, 2026 · Our reading of the company's report
The latest report
Jewett-Cameron Trading Company reported a decline in revenue for Q3 2026, with total sales of $9.85M, down 22% from $12.61M in Q3 2025. Gross margins improved to 18.0%, up from 15.0% year-over-year, despite operating…
Read full summary
Jewett-Cameron Trading Company reported a decline in revenue for Q3 2026, with total sales of $9.85M, down 22% from $12.61M in Q3 2025. Gross margins improved to 18.0%, up from 15.0% year-over-year, despite operating losses of $435,091. The company continues to face challenges from high tariffs and declining consumer spending in key markets, while the Industrial Wood Products segment showed positive growth.
Reported figures
- Earnings per share
- $-0.23
- Gross margin
- 18%
- Segment
- Pet, Fencing and Other
- Segment
- Industrial Wood Products
What stood out
-
Revenue Decline
Sales decreased by $2.75M or 22% compared to Q3 2025, totaling $9.85M.
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Improved Gross Margin
Gross margin improved to 18% in Q3 2026, up from 15% in Q3 2025.
-
Segment Performance
Greenwood revenues rose by 58% year-over-year, from $705K to $1.12M.
-
Cost Reductions
Operating expenses for JCC were flat at $2.54M compared to Q3 2025.
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Significant Tariff Refund
Received a tariff refund of $286,274, reducing costs.
-
Cash and Inventories Optimized
Cash increased to $1.06M, while inventory sharply decreased by 53%, totaling $7.45M.
What to watch
-
Loss of Major Customer
Loss of cedar fencing supply agreement contributed to a $3.06M revenue shortfall in Q3 2026.
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High Operating Losses
Operating loss of $435,091 recorded in Q3, an indicator of continued financial distress.
-
Ongoing Tariff Impact
Sustained high tariffs and inflation continue to hurt margins and sales.
Management's outlook
Management expects continued challenges with high tariffs and consumer spending in the market.
Earlier filings 1
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.