Record Revenue Growth
Revenues amounted to $886 million in Q2 2025, a 28.5% increase from $689.8 million in Q2 2024, driven by the acquisition of Doman Tucker Lumber.
Strong Gross Margin and EBITDA
Gross margin increased to $142.7 million, with a percentage rise to 16.1% from 15.7% last year. Adjusted EBITDA also rose significantly to $80 million, a 59.5% increase from $50.2 million in 2024.
Net Earnings Growth
Net earnings for the quarter were $27.7 million, up from $17 million in the previous year, marking an increase of $10.7 million.
Cash Flow and Dividend Consistency
Operating activities generated $100.7 million in cash for the first 6 months of 2025, and the company paid a quarterly dividend of $0.14 per share for the 61st consecutive quarter.
Effective Cost Management
Despite increased expenses due to acquisitions, the company's cost management strategies maintained expenses at 9.9% of sales compared to 10.9% last year.