CanWel earnings gain in Q3

VANCOUVER — CanWel Building Materials saw revenues rise by 9% to $247.4 million compared to last year’s third quarter, largely due to the acquisition during the quarter of California Cascade Industries. Gross margins increased by 18% to $32.4 million, while EBITDA was up from $12 million to $12.6 million. Gross margin percentage also increased to 13.1% of revenues versus 12.1% in the previous period.