VANCOUVER — CanWel’s Q2 revenues were little changed from last year at $224.5 million, compared to $225.9 million. The slight drop was mainly attributed to market conditions. Gross margin amounted to $26.8 million, compared to $27.7 million during the corresponding period in 2014. Gross margin percentage was slightly lower at 11.9% of revenues versus 12.2% during the same period in 2014. The slight decrease in gross margin percentage was mainly due to a change within the company’s sales mix as well as the impact of the Canadian dollar’s decline, resulting in an increase in the cost of sales. Net income amounted to $6.1 million during the quarter, compared to $6.9 million last year.
CanWel holds steady in Q2
Most Recent
Most Read
AQMAT unveils its “Family Portrait” of the industry in Quebec
Wed, May 01st, 2024
Is the honeymoon ending for self-checkout?
Wed, May 01st, 2024
Amazon announces first quarter results, triples profits
Wed, May 01st, 2024
Peavey marks grand opening in Manitoba
Tue, April 30th, 2024
Hiring in Ontario? Legislation around job postings has changed
Tue, April 30th, 2024
Steffan Yantzi joins Home Hardware stores as shareholder
Mon, April 29th, 2024
Looking for your next new hire? Hardlines Classifieds can help
Mon, April 29th, 2024
RONA adds six new affiliate dealers
Fri, April 26th, 2024
King Marketing gathers national team, celebrates achievements of its reps
Fri, April 26th, 2024
Aaron Jarosz promoted to lead Home Depot Canada's pro services
Thu, April 25th, 2024