Jewett-Cameron Trading Company Ltd (NASDAQ: JCTC) is a product distribution company that manufactures and distributes wood fencing, metal fencing, and related outdoor products through its Oregon-based subsidiaries. Revenue is generated through transactional product sales to big-box retailers and other customers, with pricing negotiated on a per-order basis. The company traces its roots to a lumber wholesaler incorporated in 1953 in Portland, Oregon, with the Canadian holding company incorporated in British Columbia on July 8, 1987. Operating subsidiaries include Greenwood Products, JCC, and Jewett-Cameron Seed Company (JCSC), all incorporated in Oregon, with JC USA serving as the parent administrative entity. For FY2025 (year ended August 31, 2025), the company reported sales of $41.3 million and a net loss of $4.1 million, down from $47.1 million in sales and net income of $0.7 million in FY2024. The company carries a revolving credit facility with Northrim Funding Services capped at $6 million, with $4.3 million outstanding as of November 28, 2025.

Revenue model

Transactional product sales of wood fencing (including Western Red Cedar), metal fencing, and related outdoor products to big-box retailers and other customers. Pricing is negotiated with customers, who must consent to price changes, typically with 30 to 90 days notice. The company also operates a consignment program with at least one major retail customer for cedar fencing supply.

Products and services

Western Red Cedar fencing, wood fencing products, metal fencing and outdoor products. The company also holds a seed company subsidiary (JCSC) and surplus industrial property (11.6 acres, 109,500 square feet) in North Plains, Oregon listed for sale at $7.223 million as of the FY2025 10-K filing.

Customers and end markets

Big-box retailers and wholesale customers in the United States. The company supplies cedar fencing to at least one major customer under a consignment arrangement. End markets include residential outdoor and fencing products. Customer concentration is material enough that individual customers can delay or reject price increases.

Value-chain role

Product manufacturer and distributor. Sources product inputs, including steel, aluminum, and Western Red Cedar, from foreign suppliers, primarily China, making the company exposed to U.S. tariff policy. Holds patents and trademarks as competitive protections. Administrative and warehousing services are centralized through JC USA in North Plains, Oregon.

Geographic exposure

Operations based in North Plains, Oregon, USA. Significant product sourcing from China and other foreign countries. The Canadian holding company (incorporated in British Columbia) has no significant assets in Canada per the FY2025 10-K.

Source: SEC 10-K, filed 2025-12-01

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