Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Doman Building Materials Group Ltd T.DBM

Alternate Symbol(s):  CWXZF

Doman Building Materials Group Ltd. is an integrated national distributor in the building materials and related products sector. The Company operates various distinct divisions with multiple treating plants, planing and specialty facilities and distribution centers coast-to-coast in various cities across Canada and select locations across the United States. The Company operates 21 treating plants, two specialty planing mills and five specialty sawmills located in nine states, distributing, producing and treating lumber, fencing and building materials servicing the central United States; it serves the United States west coast with multiple locations in California and Oregon; and in the state of Hawaii the Honsador Building Products Group services 15 locations across all the islands. The Company’s Canadian operations also include ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through its Doman Timber operations.


TSX:DBM - Post by User

Post by kijijion Aug 03, 2023 6:52pm
226 Views
Post# 35572271

Second Quarter 2023 Financial Results summary.

Second Quarter 2023 Financial Results summary.
Revenues of $710.7 million
Gross Margin at 17.0%
EBITDA amounted to $66.0 million
Net Earnings amounted to $29.2 million
Quarterly dividend of $0.14 per share declared.

For the three-month period ended June 30, 2023, consolidated revenues amounted to $710.7 million, compared to $870.7 million in the same period in 2022. The decrease in revenues is largely due to the impact of construction materials pricing, which had peaked in the Spring for the comparative period in 2022. The Company’s sales by product group in the period were made up of 77% construction materials, consistent with the same quarter last year, with the remaining balance resulting from specialty and allied products of 20%, and other sources of 3%.
 
Gross margin dollars were $121.2 million in the three-month period versus $102.7 million in the comparative quarter of 2022. Gross margin percentage increased to 17.0% in the quarter, an improvement from 11.8% achieved in the same quarter of 2022.
 
EBITDA for the three-month period ended June 30, 2023, amounted to $66.0 million, compared to $52.1 million in the same period in 2022. Net earnings for the quarter were $29.2 million compared to $20.7 million in the same quarter of 2022.
 
 

<< Previous
Bullboard Posts
Next >>