For the three months ended May 31, 2025, Goodfellow Inc. reported net earnings of $2.5 million or $0.29 per share compared to net earnings of $5.3 million or $0.62 per share a year ago. Consolidated sales were $152.9 million compared to $140.3 million last year.
For the six months ended May 31, 2025, the Company reported net earnings of $0.2 million or $0.02 per share compared to net earnings of $5.2 million or $0.61 per share a year ago, while consolidated sales were $264.1 million compared to $245.7 million last year.
At the midpoint of fiscal 2025, Goodfellow’s performance can be characterized as evolving due to challenging market dynamics and inflationary pressures on operational costs. During the second quarter, the Company saw a notable shift in consumer preference toward Canadian-sourced wood products, driven mainly by growing concerns around evolving U.S. trade policy. This shift contributed to modest domestic demand and price stability across several product categories.
Goodfellow is a diversified manufacturer of value-added lumber products, as well as a wholesale distributor of building materials and floor coverings.
