-- Doman Building Materials Group (DBM.TO) after the close Friday reported a modest lift in first-quarter net earnings even on lower than expected revenues.
Net earnings rose to C$23.924 million, from $23.56 million in the prior year period. The company did not provide any per share amounts.
For the three-month period ended March 31, 2026, consolidated revenue fell to $762 million from $793.2 million in the prior-year period, "largely due to the impact of decreases in pricing on a year-over-year basis across certain construction materials categories". It missed the consensus analyst forecast of $784.2 million, according the FactSet.
The company's EBITDA amounted to $68.1 million in the first quarter, compared to $70.0 million in the same period last year. Its sales by product group in the period were made up of 83% construction materials, with the remaining balance resulting from specialty and allied products of 14%, and other sources of 3%.
The company also declared a $0.14 per share dividend, which was paid on April 15, 2026, to shareholders of record at the close of business on March 31, 2026.
"Despite year-over-year lower pricing for SPF, OSB and plywood product categories, I am pleased with our top-line performance, while our focus on cost management allowed us to deliver strong gross margin and ultimately a good start to the year at the EBITDA and net earnings lines," said Amar S. Doman, chairman of the board.
"While we saw some stability in pricing in the US in the first quarter, the overall picture driven by macro trends remains volatile, and uncertainty exists moving forward into 2026," he added.
Doman shares closed up $0.02 to $10.27 on the Toronto Stock Exchange on Friday.