Higher pricing in construction materials offset uneven demand, lifting net earnings to C$31.2 million despite a dip in EBITDA.
Doman Building Materials Group reported a 2% year-over-year increase in second-quarter revenue to C$904.5 million, driven by higher pricing in key construction-material categories. Gross margin remained steady at 16.1%, while net earnings rose to C$31.2 million from C$24.6 million in the prior year.
EBITDA declined 1.8% to C$76.8 million, and operating cash flow used C$2.3 million in the first half due to income-tax payment timing. The company declared a quarterly dividend of C$0.14 per share and noted early Q3 demand remained broadly unchanged.
Management highlighted progress on Texas and West Hill sawmill upgrades, aiming to boost U.S. fencing production and reduce import reliance. Construction materials accounted for 84% of quarterly sales, with specialty products contributing 13%.