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Doman Building Materials Group (TSX: DBM) posts higher NPAT in Q3 2023 despite revenue drop
Image source: Pexels.com
Highlights
Wholesale distributor of building materials and home renovation products, Doman Building Materials Group Ltd (TSX: DBM) serves home renovation as well as construction, along with industrial markets. It also supplies its building products to dealer/lumberyard and home improvement centers. The company believes that a major portion of its sales is driven by demands for repairs and renovation.
In the third quarter of 2023, the moving rate for expenses on upgrades and repairs in the United States experienced a 9.5% year-on-year (YoY) increase.
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