Canada's Doman Q1 revenue misses expectations on weaker SPF, OSB, plywood pricing

Doman Building Materials

08/05/2026 21:10

Overview

Canada building materials distributor's Q1 revenue declined and missed analyst expectations

Net earnings for Q1 were nearly flat year-over-year

Company declared a C$0.14 per share quarterly dividend

Outlook

Company says macro trends remain volatile and uncertainty exists moving forward into 2026

Result Drivers

LOWER PRICING - Co said revenue decline was largely due to decreases in pricing for certain construction materials categories, including SPF, OSB and plywood

COST MANAGEMENT - Co said focus on cost management helped deliver higher gross margin percentage

MARKET VOLATILITY - Co noted ongoing macro trends remain volatile and uncertainty exists moving forward

Company press release: ID:nGNXbvGyKw

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
C$762 mln
C$778.27 mln (6 Analysts)
Q1 Net Income
C$23.90 mln
Q1 Gross Margin
17.00%
Q1 Dividend
C$0.14
Q1 EBITDA
C$68.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction supplies & fixtures peer group is "buy"

Wall Street's median 12-month price target for Doman Building Materials Group Ltd is C$12.00, about 17.1% above its May 7 closing price of C$10.25

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)