Doman Revenues Slide

Doman Building Materials Group Ltd. had revenues of $572.9 million in the fourth quarter of 2022, a loss of 10.7 per cent when compared to $641.6 million for the same period in 2021. Net earnings were $4.3 million, a loss of 62.9 per cent compared to $11.6 million in the year-ago period. Sales by product group were 72 per cent construction materials, 24 per cent specialty and allied products, and four per cent forestry and other. Gross profit was $82 million in the quarter with a gross margin of 14.3 per cent, compared to a gross profit of $88.7 million and a gross margin of 13.8 per cent last year, a drop of 7.6 per cent.