Canada's Doman Q2 revenue rises but misses estimates

Doman Building Materials

05/08/2026 21:09

Overview
Canada building materials distributor's Q2 revenue rose yr/yr but missed analyst expectations
Net earnings for Q2 increased compared to last year
Company declared C$0.14 per share quarterly dividend

Outlook
Company says broader market conditions remain uncertain with ongoing variability in housing starts
Doman notes continued high energy prices and inflationary pressures may impact future results
Company remains focused on prudent management and positioning to respond as conditions evolve

Result Drivers
HIGHER MATERIALS PRICING - Co said revenue growth was largely due to increases in year-over-year pricing in certain construction materials categories
OPERATIONAL EFFICIENCY - Management said results were supported by disciplined execution and operational efficiency
MIXED MARKET CONDITIONS - Co noted ongoing variability in housing starts, regional market performance, high energy prices and broader inflationary pressures

Company press release: ID:nGNX7hl2Lz

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
C$904.5 mln
C$914.67 mln (6 Analysts)
Q2 Net Income
 
C$31.2 mln
 
Q2 Gross Margin
 
16.1%
 
Q2 Dividend
 
C$0.14
 

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$12.50, about 8.1% above its August 4 closing price of C$11.56
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

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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.)