VANCOUVER — CanWel Building Materials Group reported that revenues for the past fiscal year rose by 18.6%, totalling $978 million. A $113 million (or 13.7%) hike in building materials sales contributed to the boost, largely driven by acquisitions. Gross margin for the year increased by 25.5% to $123.4 million, compared to $98.3 million during the corresponding period in 2015. Net earnings rose to $49.9 million, largely due to one-time acquisition costs and a gain on bargain purchasing. Q4 revenues increased by 18.6% to $978 million.
CanWel posts Q4, annual gains
Most Recent
Most Read
Trump slams auto sector, warns of lumber sector levies
Thu, April 03rd, 2025
Home Depot showcases spring and summer lines at special event
Thu, April 03rd, 2025
Throwback Thursday: 25 years ago we reported on Sodisco-Howden’s “strong year”
Thu, April 03rd, 2025
Dollarama posts strong Q4 and annual results
Thu, April 03rd, 2025
Supply Build Canada launches “Buy Local, Build Local” resource
Wed, April 02nd, 2025
Former co-owner acquires New Brunswick RONA
Wed, April 02nd, 2025
Looking for your next new hire? Hardlines Classifieds can help
Wed, April 02nd, 2025
Quebec BMR changes hands
Tue, April 01st, 2025
Latest power tool innovation promises to transform the industry
Tue, April 01st, 2025
Home Hardware strengthens its Blue Jays sponsorship
Tue, April 01st, 2025