Acquisitions Lead Doman Revenues

Doman Building Materials Group Ltd. had consolidated revenues of $851.3 million for the first quarter of 2022, an increase of 63.7 per cent compared to consolidated revenues of $519.9 million in the first quarter of 2021. The increase was largely due to acquisitions. The company’s sales by product group in the quarter were made up of 81 per cent construction materials, with the remaining balance of sales resulting from specialty and allied products of 16 per cent and other of three per cent. Gross margin dollars for the quarter increased to $132.6 million, compared to $90.4 million in 2021.