CanWel posts Q2 gains

VANCOUVER — CanWel Building Materials announced Q2 revenues of $320 million, up 10.3% from $290 million in the same period in 2016. Net earnings before non-recurring items, including costs related to acquisitions, rose to $11 million during the quarter, compared to $9.7 million last year. The increase in revenues was attributed to several factors, including the company’s product mix strategy, a U.S. housing rebound, and the results of completed acquisitions. CanWel’s forestry segment, which began operations midway through last year’s Q2, saw sales adversely impacted by the weather.