Result our out and they are goodQ1 is always a weak quarter but they once again were able to manage to turn in a profitable
quarter.
Value keep increasing for this company but because of the minimal float, it is not and probably will
never be fully priced in.
The only way we will ever get full value for this company is by way of a take over(to be
accepted by the majority Goodfellow owners) or by a privatization.
These asssts are terribly undervalued.
DELSON, Quebec, April 13, 2022 (GLOBE NEWSWIRE) -- Goodfellow Inc. (TSX: GDL) (the “Company” or “Goodfellow”) announced today its financial results for the first quarter ended February 28, 2022. The Company reported net earnings of $5.1 million or $0.60 per share compared to net earnings of $3.8 million or $0.44 per share a year ago.
Consolidated sales for the three months ended February 28, 2022 were $129.4 million compared to $119.4 million last year. Sales in Canada increased 8% compared to the same period a year ago, while sales in the United States increased 21% and export sales decreased 8% compared to the same period a year ago. Selling, administrative and general expenses increased overall by $0.8 million.
Demand from residential, manufacturing, retail and industrial sectors delivered for Goodfellow a strong start to fiscal 2022. The uncharacteristic demand for this period is carried over from a busy Q4 2021 and is set against uncertain and disrupted global markets. Despite these conditions, the Company performed very well by focusing on the diversity of its offering, smart logistics solutions and increased customer communications.