Q1 2026 Financial Highlights (1):
Revenues of $762.0 million
Gross Margin at 17.0%
EBITDA (2) amounted to $68.1 million
Net Earnings amounted to $23.9 million
Quarterly dividend of $0.14 per share declared (4)
VANCOUVER, British Columbia, May 08, 2026 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. ("Doman" or "the Company") (TSX:DBM) announced today its first quarter 2026 financial results (1) for the period ended March 31, 2026.
For the three-month period ended March 31, 2026 (1), consolidated revenues totaled $762.0 million, compared to $793.2 million in 2025, largely due to the impact of decreases in pricing on a year-over-year basis across certain construction materials categories. The Company's 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%.
Gross margin dollars amounted to $129.5 million in 2026, versus $132.5 million in 2025. Gross margin percentage increased to 17.0% during the quarter, when compared to 16.7% in 2025.
EBITDA (2) amounted to $68.1 million, compared to EBITDA of $70.0 million. Net earnings for the three-month period ended March 31, 2026, were $23.9 million versus $23.6 million in the comparative period in 2025.
The Company declared a $0.14 per share (4) 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," commented 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."
Reconciliation of Net Earnings to Earnings before Interest, Tax, Depreciation and Amortization (EBITDA):
Three months ended March 31,
2026
2025
(in thousands of dollars)
$
$
Net earnings
23,924
23,558
Provision for income taxes
3,333
2,600
Finance costs
16,649
19,372
Depreciation and amortization
