Doman Building earns $23.9-million in Q1

Mr. Amar Doman reports DOMAN BUILDING MATERIALS GROUP LTD. REPORTS FIRST QUARTER 2026 FINANCIAL RESULTS Doman Building Materials Group Ltd. has released its first quarter 2026 financial results for the period ended March 31, 2026. Q1 2026 financial highlights: Revenues of $762-million; Gross margin at 17.0 per cent; EBITDA (earnings before interest, taxes, depreciation and amortization) amounted to $68.1-million; Net earnings amounted to $23.9-million; Quarterly dividend of 14 cents per share declared. For the three-month period ended March 31, 2026, consolidated revenues totalled $762-million, compared with $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 per cent construction materials, with the remaining balance resulting from specialty and allied products of 14 per cent and other sources of 3 per cent. Gross margin dollars amounted to $129.5-million in 2026, versus $132.5-million in 2025. Gross margin percentage increased to 17 per cent during the quarter, when compared with 16.7 per cent in 2025. EBITDA amounted to $68.1-million, compared with EBITDA of $70-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 14-cent 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 [spruce-pine-fir], OSB [oriented strand board] 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 U.S. in the first quarter, the overall picture driven by macro trends remains volatile, and uncertainty exists moving forward into 2026." About Doman Building Materials Group Ltd. Founded in 1989, Doman is headquartered in Vancouver, B.C., and trades on the Toronto Stock Exchange under the symbol DBM. As Canada's premier national distributor in the building materials and related products sector, Doman operates several distinct divisions with multiple treating plants, planing and specialty facilities and distribution centres coast-to-coast in all major cities across Canada and coast-to-coast across the United States. Strategically located across Canada, Doman Building Materials Canada operates distribution centres coast-to-coast, and Doman Treated Wood Canada operates multiple treating plants near major cities. In the United States: Headquartered in Dallas, Tex., Doman Lumber operates 21 treating plants, two specialty planing mills and five specialty sawmills located in nine states, distributing, producing and treating lumber, fencing and building material servicing the central United States; Doman Tucker Lumber operates three treating plants, specialty sawmilling operations and a captive trucking fleet serving the U.S. East Coast; Doman Building Materials USA and Doman Treated Wood USA serve the U.S. West Coast with multiple locations in California and Oregon; and, in the state of Hawaii, the Honsador Building Products Group services 15 locations across all the islands. We seek Safe Harbor.