Doman Revenues Rise

Doman Building Materials Group Ltd. had revenues of $625.3 million for the third quarter of 2021, an increase of 32.4 per cent compared to revenues of $472.2 million in the third quarter of 2020. The increase was largely due to the results from acquisitions which was partially offset by a decrease attributable to the company’s legacy operations, caused by industry-wide declines in pricing for construction materials during the quarter. Gross margin dollars totaled $80.7 million for the quarter compared to $86.8 million in the year-ago period. Gross margin percentage amounted to 12.9 per cent of revenues versus 18.4 per cent last year. Net earnings for the quarter were $7.7 million compared to $31 million in the year-ago period.