Business
Doman Building Materials Group Ltd. Announces First Quarter 2025 Financial Results
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTIO...
About this update from Doman Building Materials Group Ltd
[{"type":"text","content":"Doman Building Materials Group Ltd. Announces First Quarter 2025 Financial Results\n\n\n\n\n THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.\n \n\n\n\n Q1 2025 Financial Highlights\n \n\n\n (\n \n\n\n\n 1)\n \n\n\n :\n \n\n\n\n Revenues of $793.2 million\n \n\n Gross Margin at 16.7%\n \n\n Adjusted EBITDA\n \n (\n \n\n 2)\n \n\n (3)\n \n amounted to $70.0 million\n \n\n Net Earnings amounted to $23.6 million\n \n\n Quarterly dividend of $0.14 per share declared\n \n (\n \n\n 4\n \n\n )\n \n\n\n\n\n VANCOUVER, British Columbia, May 08, 2025 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. (“Doman” or “the Company”) (TSX:DBM) announced today its first quarter 2025 financial results\n \n (\n \n\n 1)\n \n for the period ended March 31, 2025.\n \n\n For the three-month period ended March 31, 2025\n \n (1)\n \n , consolidated revenues increased to a record $793.2 million, compared to $602.5 million in 2024, largely due to the impact of the results of the 2024 acquisitions as well as the Company’s legacy operations, demonstrating continued resilience and strong overall end-market demand. The Company’s sales by product group in the period were made up of 81% construction materials, with the remaining balance resulting from specialty and allied products of 15%, and other sources of 4%.\n \n\n Gross margin dollars increased to $132.5 million in 2025, versus $100.4 million in 2024. Gross margin percentage was 16.7% during the quarter, consistent with 2024.\n \n\n EBITDA\n \n (3)\n \n and Adjusted EBITDA\n \n (2)\n \n amounted to a record $70.0 million, compared to EBITDA of $44.8 million, and Adjusted EBITDA of $45.6 million in 2024. Net earnings for the three-month period ended March 31, 2025, were $23.6 million versus $14.4 million in the comparative period of 2024.\n \n\n The Company declared a $0.14 per share\n \n (\n \n\n 4\n \n\n )\n \n dividend, which was paid on April 15, 2025, to shareholders of record at the close of business on March 31, 2025.\n \n\n “Despite the daily volatility which has been impacting consumer behaviour and general market dynamics, we are off to a solid start in 2025 with decent demand in the first quarter, resulting in record fina...