Stella-Jones is trading at CA$60.25, down 10.02%, after reporting weaker third-quarter earnings on November 4, 2026. - Adjusted earnings fell to $1.39 per share from $1.59 a year earlier; adjusted EBITDA margin declined to 16.2% from 17.8%, pressured by higher fuel and lumber costs, unfavorable product mix, and delayed pricing adjustments. - The cost-optimization program targets up to $100 million in savings over three years; 2026 margin is expected to remain below the 17.5%–18.5% target range.