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Doman Building’s (TSX: DBM) Q1 Revenue Up 32%, Declares Dividend for 60th Straight Quarter
Highlights
Doman Building Materials Group Ltd (TSX: DBM) is a wholesale distributor of building and home renovation materials, serving residential, industrial, and retail markets. The company also manages timberlands and operates in post-peeling and pressure treating through CanWel Fibre Corp.
In the first quarter of the financial year 2025 (Q1FY25), the company’s sales increased by 31.7% YoY to CAD 793.2 million, primarily driven by the strategic acquisitions of Doman-Tucker Lumber and Southeast Forest Products. The company’s expenses surged by 20.3% YoY to CAD 87.0 million, largely due to higher distribution, selling, and administration costs, as well as increased depreciation and amortisation. Net earnings rose 63.9% YoY to CAD 23.6 million, driven by higher operating income from top-line growth and a 56.3% YoY increase in EBITDA.
Recent Business Update
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