VANCOUVER — CanWel Building Materials announced that second-quarter revenues increased to $226 million compared to $210 million in the same period in 2013. The increase came from pent-up demand for the company’s products following the long winter. During this period, gross margin amounted to $27.7 million, representing a 28% increase compared to $21.7 million in 2013. Gross margin percentage increased to 12.2% of revenues versus 10.6% during the same period in 2013. The increase in gross margin dollars and percentage is also mainly due to weather related sales recoveries, improved market conditions, and contribution from the company’s acquisitions.
CanWel posts Q2 gains
Most Recent
Most Read
BeautiTone unveils 2025 Colour of The Year
Fri, October 04th, 2024
Building materials prices slump in Quebec
Fri, October 04th, 2024
Amazon slated to hire 9,000 employees
Fri, October 04th, 2024
Grainger begins work on warehouse
Thu, October 03rd, 2024
Port strike could cost U.S. economy billions
Thu, October 03rd, 2024
Small businesses to get carbon rebates
Thu, October 03rd, 2024
Port strikes across North America loom large
Wed, October 02nd, 2024
Minimum wage climbs in four provinces
Wed, October 02nd, 2024
U.S. construction spending dips unexpectedly
Wed, October 02nd, 2024
Canfor announces CEO’s departure
Tue, October 01st, 2024