Doman earnings fall on higher sales in 2022

Doman Building Materials (formerly CanWel) reported Q4 net earnings of $4.3 million, down from $11.6 million a year earlier. Revenues for the quarter declined to $572.9 million from $641.6 million in the comparable period of 2021, with construction materials accounting for 72 percent of sales. For the full fiscal year, net earnings came to $78.7 million, down from $106.5 million in 2021. Revenues of $3 billion were up 19.5 percent when compared to $2.5 billion the previous year.