CanWel posts Q2 gains

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.