10:29 AM EDT, 07/11/2025 (MT Newswires) -- Goodfellow ( GFELF ) late on Thursday said second-quarter profit fell even as its sales climbed.

Net earnings on the quarter fell to around $2.5 million, or $0.29 per share, from $5.3 million, or $0.62 per share in the corresponding year-ago quarter. The company cited "challenging market dynamics and inflationary pressures on operational costs."

However, second-quarter consolidated sales rose almost 9% to $152.9 million, compared to $140.3 million in the year-ago quarter.

"During the second quarter, the company saw a notable shift in consumer preference toward Canadian-sourced wood products, driven mainly by growing concerns around evolving U.S. trade policy," Goodfellow ( GFELF ) said in a statemnt. "This shift contributed to modest domestic demand and price stability across several product categories."

The company's shares were last seen down $0.09 to $11.97 on the Toronto Stock Exchange.

Price: 11.97, Change: -0.09, Percent Change: -0.75