Doman Building Materials reports Q1, 2024 net income of $14.4 million

Doman Building Materials Group Ltd.
May 9, 2024
Category: Finance & Economics
Region: Canada, Canada West

VANCOUVER, BC — Doman Building Materials Group announced its financial results for the quarter ended March 31, 2024. For the three-month period, consolidated revenues decreased by 1.1% to $602.5 million, compared to $609.1 million in 2023. …EBITDA and Adjusted EBITDA for the first quarter of 2024 amounted to $44.8 million and $45.6 million, respectively, compared to EBITDA of $33.2 million during the same period in 2023. Net earnings for the three-month period ended March 31, 2024, were $14.4 million versus $14.9 million in the comparative period of 2023. …The Company declared a dividend of $0.14 per share(3) in in the quarter, which was unchanged compared to 2023. “Despite continued price erosion for most lumber product categories, the year is off to a good start,” commented Amar S. Doman, Chairman.

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