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Doman Building Materials Group (DBM) investor relations material

Doman Building Materials Group Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary7 Nov, 2025

Executive summary

  • Q3 2025 focused on optimizing operational and financial performance amid macroeconomic headwinds, including rising interest rates, inflation, and affordability concerns.

  • Revenues for Q3 2025 reached CAD 795.1 million, up from CAD 663.1 million in Q3 2024, driven by the Doman Tucker Lumber acquisition.

  • Net earnings for Q3 2025 were CAD 18.1 million, compared to CAD 14.6 million in Q3 2024.

  • Demand remained steady across key end markets, though pricing was challenged and some areas experienced choppy demand.

  • The company maintained a strong service level and continued to manage costs and seek growth opportunities.

Financial highlights

  • Q3 2025 revenue was CAD 795 million, up 19.9% year-over-year, driven by the Doman Tucker Lumber acquisition.

  • Gross margin for Q3 2025 was CAD 123.1 million (15.5%), consistent with last year despite US pricing declines.

  • EBITDA reached CAD 62 million, a 34% increase year-over-year.

  • Quarterly dividend of CAD 0.14 per share paid, marking 62 consecutive quarters.

  • For the nine months ended September 30, 2025, net earnings totaled CAD 69.3 million, up from CAD 45.9 million in the same period of 2024.

Outlook and guidance

  • Modest gains expected if housing activity rebounds and policy conditions stabilize.

  • Margin stabilization anticipated in Q4 and early 2026 as lumber prices bottom out.

  • Business volumes expected to remain steady into 2026, with continued focus on debt reduction and growth.

  • Ongoing debt reduction strategies are being executed through strong cash flow generation.

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Frequently asked questions

Doman Building Materials Group Ltd is a Canadian distributor of building materials and related products. The company supplies lumber, roofing, insulation, and other construction products to retailers, contractors, and industrial customers across North America. It also operates manufacturing and treating facilities. Doman Building Materials Group Ltd is headquartered in Vancouver, Canada, and its shares are listed on the TSX.

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