DELSON, Quebec, July 10, 2026 (GLOBE NEWSWIRE) -- Goodfellow Inc. (TSX: GDL) (the "Company" or "Goodfellow") announced today its financial results for the second quarter ended May 31, 2026.
For the three months ended May 31, 2026, Goodfellow reported net earnings of $2.1 million or $0.25 per share compared to net earnings of $2.5 million or $0.29 per share a year ago, while consolidated sales were $142.7 million compared to $152.9 million last year.
For the six months ended May 31, 2026, the Company reported a net loss of $1.1 million or $(0.13) per share compared to net earnings of $0.2 million or $0.02 per share a year ago, while consolidated sales were $251.4 million compared to $264.1 million last year.
At the midpoint of fiscal 2026, Goodfellow continued to operate in a complex environment characterized by persistent macroeconomic uncertainty, difficult housing market conditions, softer consumer demand and pricing volatility. Customers maintained a disciplined approach to purchasing and inventory management, contributing to a slower start to the building season, while regional differences in construction activity resulted in uneven market conditions across the Company's operating network. Performance for the first half of the year reflects these ongoing challenges. Goodfellow remains well positioned for future growth through its strong balance sheet, diversified product offering and continued focus on delivering exceptional customer service as market conditions improve.
About Goodfellow
Goodfellow is a diversified manufacturer of value-added lumber products, as well as a wholesale distributor of building materials and floor coverings. With a distribution footprint from coast-to-coast in Canada and in the Northeastern U.S., Goodfellow effectively serves commercial and residential sectors through lumber yard retailer networks, manufacturers, industrial and infrastructure project partners, and floor covering specialists. Goodfellow also leverages its value-added product capabilities to serve lumber markets internationally. Goodfellow Inc. is a publicly traded company, and its shares are listed on the Toronto Stock Exchange under the symbol "GDL".
GOODFELLOW INC. | ||||
Consolidated Statements of Comprehensive Income (Loss) | ||||
For the three and six months ended May 31, 2026 and 2025 | ||||
(in thousands of dollars, except per share amounts) | ||||
For the three months ended | For the six months ended | |||
May 31 | May 31 | May 31 | May 31 | |
$ | $ | $ | $ | |
Sales | 142,686 | 152,940 | 251,415 | 264,120 |
Expenses | ||||
Cost of goods sold | 114,685 | 126,265 | 204,920 | 217,965 |
Selling, administrative and general expenses | 23,933 | 22,047 | 45,940 | 43,879 |
Net financial costs | 1,218 | 1,212 | 2,055 | 1,998 |
139,836 | 149,524 | 252,915 | 263,842 | |
Earnings (loss) before income taxes | 2,850 | 3,416 | (1,500) | 278 |
Income taxes | 798 | 956 | (420) | 78 |
Total comprehensive income (loss) | 2,052 | 2,460 | (1,080) | 200 |
Net earnings (loss) | ||||
-per share –Basic | 0.25 | 0.29 | (0.13) | 0.02 |
-per share –Diluted | 0.25 | 0.29 | (0.13) | 0.02 |