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May 16, 2023

Doman Revenues Slide

Doman Building Materials Group Ltd. had consolidated revenues of $609.1 million in the first quarter of 2023, down from consolidated revenues of $851.3 million in the first quarter of 2022. The decrease is largely due to the impact of construction materials pricing, which peaked in the comparative period in 2022. Gross margin dollars were $98.2 million in the quarter versus $132.6 million in the comparative quarter of 2022. Gross margin percentage increased to 16.1% from 15.6% achieved in the same quarter of 2022. Earnings before interest and taxes were $44.8 million compared to $78.1 million in 2022. 

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