Doman Building Materials Group Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St

August 11, 2024

Doman Building Materials Group (TSE:DBM) Second Quarter 2024 Results

Key Financial Results

Revenue: CA$689.8m (down 2.9% from 2Q 2023).
Net income: CA$17.0m (down 42% from 2Q 2023).
Profit margin: 2.5% (down from 4.1% in 2Q 2023). The decrease in margin was driven by lower revenue.
EPS: CA$0.20 (down from CA$0.34 in 2Q 2023).

earnings-and-revenue-history — TSX:DBM Earnings and Revenue History August 11th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Doman Building Materials Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Trade Distributors industry in Canada.

Performance of the Canadian Trade Distributors industry.

The company's shares are down 2.0% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Doman Building Materials Group (of which 1 is significant!) you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.