Posted April 15, 2019
Goodfellow Inc. announced its financial results for the 1Q ended February 28, 2019. The Company reported a net loss of $1.6 million or $0.18 per share compared to a net loss of $1.4 million or $0.17 per share a year ago.
Consolidated sales for the three months ended February 28, 2019 were $88.2 million compared to $96.7 million last year. Sales in Canada alone decreased 8% compared to the same period a year ago. On the operating side, selling and administrative costs decreased overall by $1 million and overall gross profit before selling and administrative costs decreased by $1.2 million.
Goodfellow Inc. is a distributor of lumber products, building materials and floor coverings.