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Doman Building Materials Group Q1 Net Earnings, Revenue Higher
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Doman Building Materials Group Q1 Net Earnings, Revenue Higher
May 26, 2025 4:35 AM

04:28 PM EDT, 05/08/2025 (MT Newswires) -- Doman Building Materials Group ( CWXZF ) Thursday after-trade reported its first-quarter profit and revenue both advanced.

The company said net income rose to $24.6 million, or $0.27 per share, from $14.4 million, or $0.16, in the prior year period.

Revenue jumped to $793.2 million from $602.5 million, in the same period, topping a consensus analyst estimate of $723.2 million, according to Capital IQ. The increase was largely due to the impact of 2024 acquisitions and legacy operations.

"Despite the daily volatility which has been impacting consumer behaviour and general market dynamics, we are off to a solid start in 2025 with decent demand in the first quarter, resulting in record financial results across many of our key metrics," board chair Amar Doman said in a release.

Doman closed up $0.06 to $7.14 on the Toronto Stock Exchange.

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