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Goodfellow Inc T.GDL

Alternate Symbol(s):  GFELF

Goodfellow Inc. is a diversified manufacturer of value-added lumber products, as well as a wholesale distributor of building materials and floor coverings. Its business activities related to remanufacturing and distribution of lumber and wood products. It produces wood, wall concept, insulation and soundproofing, panels, floor, coating, specialties, terrace and roof. Its services include custom-made wood manufacturing; comprehensive and personalized carpentry services; HUNDEGGER K2i technology; wood treatment (MicroPro, CCA, ACQ and Flame Retardant); just-in-time and direct-to-job delivery; truck and container loading, and export preparation and packaging. It has a distribution footprint from coast-to-coast in Canada servicing commercial and residential sectors through lumber yard retailer networks, manufacturers, industrial and infrastructure project partners and floor covering specialists. It also leverages its value-added product capabilities to serve lumber markets internationally.


TSX:GDL - Post by User

Post by BB123456on Apr 14, 2023 9:48am
345 Views
Post# 35394922

Q1 Loss of $0.02

Q1 Loss of $0.02Business is normalizing and GDL reported a loss for Q1.  Reveues down about $25 million as well at $106 million.

Prior to Covid, revenues were $89.$88, $97, $113, $109, but EPS losses those years were -$0.24, -$0.18, -$0.17, -$0.63, -$0.11.  The $0.63 was probably the ERP mess year, but I'd have to check.

So losses in the current year were actually quite a bit less than typical and revenues were typical.  

The more important quarters will provide more info, but Q1, with average revenue, better than usual losses and still high shareholder equity shoudl bode well. 

It would be nice though to see another dividend this fiscal year. 
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