CanWel boosts sales, earnings in Q1

CanWel Building Materials Group Ltd. reported Q1 revenues rose 59.1 percent to $519.9 million, up from $326.7 million in Q1 of 2020. Net earnings ballooned to $34.2 million, compared to $850,000 a year ago. The sales increase was attributed to both sales volumes and pricing, as the pandemic-inspired home improvement boom continued throughout the quarter.