Doman Building Materials Group Reports Q1 Earnings with Lower Revenue but Improved Margins
Doman Building Materials Group reported a decline in first-quarter revenue to CAD 762 million from CAD 793 million year-over-year, primarily due to weaker pricing for SPF lumber, OSB, and plywood. However, net earnings remained flat at CAD 23.9 million while gross margin improved slightly to 17%. The company is investing in U.S. manufacturing upgrades and fencing capacity.
Topics: capacity expansion construction materials margins improvement revenue decline