Significant Revenue Growth
Sales for the second quarter were $886.7 million, a 28.5% increase from $689.8 million in 2024, mainly driven by the acquisition of Doman Tucker Lumber.
Strong Gross Margin and EBITDA Performance
Gross margin increased to $142.7 million in Q2 2025 from $108.1 million in 2024, with a gross margin percentage of 16.1%. EBITDA rose to $80 million, up 59.5% from $50.2 million in 2024.
Net Earnings Increase
Net earnings for the quarter were $27.7 million compared to $17 million in 2024, an increase of $10.7 million.
Cash Flow Improvements
Operating activities before non-cash working capital changes generated $100.7 million in cash for the first half of 2025, up from $68.9 million in 2024.
Successful Cost Management
Expenses increased by $12.8 million or 17%, but as a percentage of sales, expenses decreased to 9.9% from 10.9% in the previous year.