RY 156.04 -0.032% TD 79.81 -0.4615% SHOP 99.81 0.9303% CNR 158.79 0.6401% ENB 53.84 0.4478% CP 111.87 0.8019% BMO 112.71 0.7419% TRI 225.62 0.396% CNQ 50.46 2.4777% BN 67.8 1.194% ATD 76.93 -1.0674% CSU 4321.5298 0.3257% BNS 67.27 1.3102% CM 78.76 1.5603% SU 54.66 -1.1037% TRP 62.42 1.2162% NGT 70.54 0.2558% WCN 251.32 0.3153% MFC 36.65 -0.0818% BCE 47.21 0.3187%
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Doman Building (TSX: DBM) expects aging housing stock, WFH to boost spending on repairs and renovations
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Highlights
Doman Building Materials Group Ltd (TSX: DBM) is a vertically integrated global building materials group that supplies a wide range of high-quality products to customers across North America. As of July 15, 2024, it has a market capitalization of CAD 590.94 million and the company’s annual dividend yield stands at a notable 8.24%.
In Q1 2024, the company’s total sales declined marginally by 1.1% to CAD 602.4mn, compared to CAD 609.1mn in pcp. The decline was due to lower sales from the building materials segment. The company posted slightly higher operating earnings on the back of lower cost of sales. Similarly, earnings before income taxes also declined by around 4% due to higher costs related to finance and acquisition. Overall, the company’s net earnings declined by 4% and stood at CAD 14.3 million.
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