Doman Building Materials reports positive Q3, 2022 results

By Doman Building Materials Group Ltd.
The Market Screener
November 3, 2022
Category: Finance & Economics
Region: Canada, Canada West

VANCOUVER, BC — Doman Building Materials Group announced its third quarter 2022 financial results. Consolidated revenues increased by 19.0% to $744.1 million, compared to $625.3 million in 2021, largely due to the impact of construction materials pricing. …Gross margin dollars increased to $91.5 million, compared to $80.7 million in 2021. EBITDA for the third quarter amounted to $40.0 million, compared to EBITDA and Adjusted EBITDA of $33.2 million, and $34.5 million, respectively, during the same period in 2021. Net earnings for the three-month period ended September 30, 2022, were $11.6 million versus $7.7 million in the comparative period of 2021.

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