Doman Building Materials Group Ltd. (TSE:DBM) has released an update.
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Doman Building Materials Group Ltd. reported a slight decrease in Q1 2024 revenues to $602.5 million, with a net earnings of $14.4 million and a stable quarterly dividend of $0.14 per share. Despite a softening market, the company saw an increase in gross margin to 16.7% and was bolstered by its Southeast Acquisition. Chairman Amar S. Doman highlighted strong inventory management and operating discipline as key factors in maintaining financial steadiness.
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