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Doman Building Materials Group Ltd.: A Vancouver-based lumber, treated wood and building materials distributor with a C$3.1 billion North American sales base

Maker Capital Research2026-10-189 min read
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Building Materials Distribution TSX: DBM

2025 sales
C$3.1B
up 17.1% (Mar 5, 2026)
Q2 2026 sales
C$904.5M
Company record (Aug 5, 2026)
H1 2026 gross margin
16.5%
vs 16.4% in H1 2025
Consecutive dividends
66
C$0.14 quarterly (Sep 15, 2026)

Three things to know

  1. The Company attributed 2025 growth largely to recent acquisitions: revenues rose 17.1% to C$3.1 billion and Adjusted EBITDA rose 31.1% to C$256.4 million (release, March 5, 2026).
  2. Gross margin was 16.5% in the first half of 2026, versus 16.4% a year earlier, as Canadian pricing softened (Q2 2026 MD&A).
  3. Net debt was C$1,081.1 million at June 30, 2026, reflecting seasonal working capital. Q3 results on November 6, 2026 are the next disclosed checkpoint.

Company Profile

Doman Building Materials Group Ltd. (TSX: DBM) was founded in 1989, is headquartered in Vancouver, British Columbia, and trades on the Toronto Stock Exchange, according to the Company's September 15, 2026 dividend release. Through wholly owned subsidiaries, the Company distributes building materials, produces and treats lumber, and provides other value-added services across Canada and in the US, according to its Q2 2026 MD&A dated August 5, 2026.

Customers include the retail and wholesale lumber and building materials industry, big box stores, hardware stores, and industrial and furniture manufacturers, serving the new home construction, home renovation and industrial markets (Q2 2026 MD&A). In Q2 2026, construction materials made up 84% of sales, specialty and allied products 13%, and other sources 3%.

The Company's US footprint was built through acquisitions including the Honsador Building Products group in Hawaii (2017), the Hixson Lumber Sales group in the Central US (2021), Southeast Forest Products (March 1, 2024) and the assets of CM Tucker Lumber, now doing business as Doman Tucker Lumber (October 1, 2024), per the Company's 2025 Annual Report and Q2 2026 MD&A.

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Compensation and Holdings

This publication is not sponsored. As of the date of publication, neither Maker Capital Research, Apollo Shareholder Relations, nor their principals have been compensated by Doman Building Materials Group Ltd. or any third party for this publication, and none of them hold securities of Doman Building Materials Group Ltd. Maker Capital Research and Apollo Shareholder Relations provide paid investor relations and content services to other public companies, and may in the future be engaged by companies they have written about. Any such compensation may be paid in cash or securities, and any future paid content will disclose the compensation, its form, and any resulting financial interest. Maker Capital Research, Apollo Shareholder Relations and their principals may buy or sell securities of companies discussed in their publications in the future, in accordance with applicable law.

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General Information

Maker Capital Research Corporation, a subsidiary of Apollo Shareholder Relations, has prepared and distributed this publication. This report is based exclusively on publicly available information believed to be reliable; however, no representation or warranty is made as to its accuracy or completeness, and such information should not be relied upon as such. All information is current as of the publication date and is subject to change without notice. Doman Building Materials Group Ltd. has not reviewed or approved this publication.

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Past performance is not indicative of future results.

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