Doman Building Materials Group (DBM) investor relations material

Executive summary

• Q1 2026 revenue was CAD 762 million (or $762.0 million), down from CAD 793 million (or $793.2 million) year-over-year due to lower pricing in key construction materials, partially offset by late-quarter price increases in Southern Yellow Pine in the U.S.

• Gross margin improved to 17% from 16.7% last year, reflecting disciplined pricing, procurement, and effective cost management.

• EBITDA was CAD 68 million ($68.1 million), slightly below last year’s CAD 70 million ($70.0 million), while net earnings rose to CAD 23.9 million ($23.9 million) from CAD 23.6 million.

• The company maintained strong shipment volumes and continued to execute effectively despite pricing volatility.

• Dividend of CAD 0.14 ($0.14) per share was declared and paid in April 2026.

Financial highlights

• Sales for Q1 2026 were CAD 762 million ($762.0 million), down from CAD 793 million ($793.2 million) in Q1 2025.

• Gross margin was CAD 129.5 million ($129.5 million), down from CAD 132.5 million ($132.5 million), but margin percentage increased to 17%.

• Expenses decreased to CAD 85.6 million from CAD 87 million, with distribution, selling, and admin expenses at CAD 61.4 million.

• Finance costs dropped to CAD 16.6 million from CAD 19.4 million due to lower net debt.

• Net earnings were CAD 23.9 million ($23.9 million), up slightly from CAD 23.6 million.

• Operating cash flow before non-cash changes was CAD 37.4 million, down from CAD 44.5 million.

Outlook and guidance

• Market conditions expected to remain dynamic and visibility limited; cautious and disciplined planning continues.

• Early indicators suggest some pricing stability in certain regions, but macroeconomic uncertainty persists.

• Focus remains on cost discipline, product mix optimization, and operational efficiency.

• No formal earnings guidance will be provided.

• Forward-looking statements highlight risks related to commodity pricing, economic conditions, and housing starts.