What factors drove the changes in Jewett-Cameron Trading's revenue and profit?

What is the revenue and EPS growth rate for Jewett-Cameron Trading year over year?

What were the key takeaways from Jewett-Cameron Trading’s earnings call?

What were the key takeaways from Jewett-Cameron Trading's earnings call?

What guidance did Jewett-Cameron Trading's management provide for the next earnings period?

Did Jewett-Cameron Trading beat or miss consensus estimates last quarter?

What is the market's earnings forecast for Jewett-Cameron Trading next quarter?

What is Jewett-Cameron Trading's gross profit margin?

- **Revenue hit by tariffs**: 21% Q3 decline, but LTP growth (85%) and displayers (88% increase) mitigate metal fence weakness.
- **Cost-cutting measures**: 20% staff reduction and supplier diversification to Vietnam/Malaysia/Bangladesh.
- **Financial strain**: 15% gross margin vs. 18.6% prior, $0.6M net loss, but $2.6M OpEx down 10%.
- **Key initiatives**: LTP sales 8% of total, pet business 44% down, and seed facility for sale to boost equity.

**【CEO Summary Section】**
- **Revenue decline**: Q3 2025 revenue fell 21% to $12.6 million, driven by tariffs and deferred customer purchases.
- **Metal fence resilience**: Despite overall decline, metal fence sales dropped only 4%, supported by 85% growth in Lifetime Steel Post (LTP) product sales and 88% increase in LTP displayers at Home Depot.
- **Challenges in other segments**: Pet business down 44% due to supply chain issues; wood fence sales impacted by cedar shortages, though production is now expanded.
- **Mitigation strategies**: Diversified suppliers to Vietnam, Malaysia, and Bangladesh to reduce tariff exposure; 20% workforce reduction to cut costs.
- **Long-term optimism**: Expecting tariff clarity to restore normalized demand, with focus on supply chain diversification and operational efficiency.

**【CFO Financial Commentary】**
- **Gross margin pressure**: 15% gross margin (down from 18.6%) due to tariffs, shipping costs, and lower-margin product shifts.
- **Cost control**: Operating expenses reduced 10% to $2.6 million, offsetting部分 tariff impacts.
- **Financial health**: Net loss of $0.6 million; inventory at $15.3 million, with $2.4 million drawn on credit line.

**【Q&A Highlights】**
- **LTP contribution**: LTP sales account for 8% of total revenue.
- **Customer overlap**: Potential overlap between fencing and pet product buyers, but no direct data.
- **Asset monetization**: Seed processing facility (book value $550K) being marketed for sale to enhance shareholder value.

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