Canada's BuildDirect Q2 revenue rises on Pro Center strength, TOA acquisition

BuildDirect.com Technologies

26/08/2026 13:43

Overview
Canada flooring retailer's Q2 revenue rose 16.6% yr/yr, gross profit up 14.7%
Company generated positive operating cash flow and improved adjusted EBITDA from Q1 to Q2
BuildDirect completed acquisition of Tile Outlets of America, adding three Florida showrooms

Outlook
BuildDirect aims to expand its Pro Center network through targeted acquisitions and new locations
Company plans to integrate recent acquisitions and improve E-Commerce operations
BuildDirect to pursue cost efficiencies and evaluate further acquisition opportunities

Result Drivers
TOA ACQUISITION - Co said the acquisition of Tile Outlets of America contributed to revenue growth and profitability, including a bargain purchase gain
PRO CENTER PLATFORM - Pro Centers accounted for 77% of Q2 revenue, remaining the main driver of sales
IMPROVED EXECUTION - Co cited better execution across Pro Center and E-Commerce operations as supporting sequential revenue and profit growth

Company press release: ID:nNFC32t8fh

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$19.70 mln
 
Q2 Adjusted EBITDA
 
$400,000
 
Q2 Gross Margin
 
39.20%
 
Q2 Gross Profit
 
$7.70 mln
 

Analyst Coverage
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 29 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)