Latest Goodfellow Inc (GFELF) Headlines
Goodfellow Reports its Results for the First Quarter Ended November 30, 2013
Marketwire - Thu Dec 19, 9:04AM CST
Goodfellow Inc. (TSX: GDL) announced today its financial results for the first quarter ended November 30, 2013. The Company generated net earnings of $1.2 million or $0.14 per share compared to net earnings of $0.7 million or $0.09 per share a year ago. Consolidated sales for the first quarter were $110.4 million compared to $112.0 million for the same period a year ago. Sales in the US and export activities were strong throughout the first quarter while the economy and housing starts in Canada faced some headwind. Sales grew in most regions except Quebec and the Atlantic provinces where demand from retailers and manufacturers declined rapidly in the latter part of the quarter. Ontario, Western Canada, the US and exports posted a good performance to offset this decline. On the operating side, many measures were taken to reduce our cost structure. As a result, direct, selling and administrative expenses decreased 2.5% or $0.5 million.
Goodfellow Announces a Change of Its Fiscal Year End
Marketwire - Thu Dec 19, 9:01AM CST
Goodfellow Inc. (TSX: GDL) announced today a change of its fiscal year-end, from August 31 to November 30, taking effect for the fiscal year commencing September 1, 2013. The change in fiscal year-end better aligns with current Company business seasonality and is expected to reduce operational costs incurred during the busy summer season. The Company's annual financial filing package, including audited financial statements and MD&A, for the fifteen-month fiscal period ended November 30, 2014, will be due by February 28, 2015.
Goodfellow Inc. : 2013 Annual General Meeting of the Shareholders
Marketwire - Fri Dec 13, 10:21AM CST
The Annual Meeting of Shareholders of Goodfellow Inc. (TSX: GDL) will be held this year at:
Goodfellow Reports its Results for the Fiscal Year Ended August 31, 2013 and Declares an Eligible Dividend
Marketwire - Wed Nov 06, 1:47PM CST
Goodfellow Inc. (TSX: GDL) announced today its financial results for the fiscal year ended August 31, 2013. The Company generated net earnings of $5.3 million or $0.62 per share compared to net earnings of $4.4 million or $0.51 per share a year ago. Consolidated sales for the fiscal year 2013 were $483.5 million compared to $500.7 million for the same period a year ago. Fiscal 2012-2013 main focus was on maintaining sales levels and restoring margin discipline. Our core lumber business performed well and was a major component of our gross margin improvements. During Fiscal 2013, lumber sales were positively impacted by the demand for hardwood lumber and our efforts to widen our distribution network in all of our traditional lumber markets.
Goodfellow Declares an Eligible Dividend
Marketwire - Thu Jul 11, 10:49AM CDT
The Board of directors of Goodfellow Inc. (TSX: GDL) declared an eligible dividend of $0.20 per share payable August 16, 2013, to all shareholders of record as of August 2, 2013.
Goodfellow Reports its Results for the Third Quarter Ended May 31, 2013
Marketwire - Wed Jun 26, 11:25AM CDT
Goodfellow Inc. (TSX: GDL) announced today its financial results for the third quarter ended May 31, 2013. The Company recorded a net income of $2.5 million or $0.29 per share compared to $1.6 million or $0.19 per share during the corresponding period a year ago. Consolidated sales for the three months ended May 31, 2013 were $138.2 million compared to $141.2 million last year. Sales during the third quarter declined due to a late spring weather wise and a progressive slowdown in new housing starts during the latter part of the third quarter. The Canadian housing market conditions were sluggish with new housing starts decreasing 18% to 185,800 units on average (Source: CMHC) for the three months ended May 31, 2013 compared to 227,500 units during the third quarter a year ago. The sales decrease was mitigated by the increased demand for our value-added product lines and the introduction of new product lines compared to last year. The increased demand for value-added products helped improve our gross margins
Goodfellow Reports its Results for the Second Quarter Ended February 28, 2013
Marketwire - Tue Mar 26, 8:20AM CDT
Goodfellow Inc. (TSX: GDL) announced today its financial results for the second quarter ended February 28, 2013. The Company recorded a net loss of $(0.9) million or $(0.11) per share compared to $(0.6) million or $(0.07) per share during the corresponding period a year ago. Consolidated sales for the three months ended February 28, 2013 were $95.4 million compared to $101.1 million last year. Sales during the second quarter declined due to unfavourable weather conditions, and a reduced demand from our retailers business. The decrease was mitigated by the increased demand for our value-added product lines and the introduction of new product lines compared to last year. The Canadian housing market conditions were sluggish with new housing starts decreasing 11.7% to 178,100 units on average (Source: CMHC) for the three months ended February 28, 2013 compared to 201,800 units during the second quarter a year ago.
Goodfellow Reports Its Results for the First Quarter of Fiscal 2013
Marketwire - Wed Dec 19, 8:24AM CST
Goodfellow Inc. (TSX: GDL) announced today its financial results for the first quarter ended November 30, 2012. The Company generated net earnings of $0.7 million or $0.09 per share compared to net earnings of $0.9 million or $0.10 per share a year ago. Consolidated sales for the first quarter were $112.0 million compared to $106.0 million for the same period a year ago. Cash flow from operations (excluding non-cash working capital, income tax paid and interest paid) for the first quarter decreased to $1.4 million from $1.7 million for the same period last year. Management's focus on growing sales growth was maintained and as such, consolidated sales grew 6% during the first quarter. Sales grew in most regions except BC and Ontario where demand from retailers and industrial projects declined compared to the first quarter a year ago. Our sales team focused its efforts on value-added lumber products in order to diversify our product mix in many areas of our business. On the operating side, direct, selling and
Goodfellow Reports its Results for the First Quarter Ended November 30, 2013
Marketwire - Thu Dec 19, 9:04AM CST
Goodfellow Inc. (TSX: GDL) announced today its financial results for the first quarter ended November 30, 2013. The Company generated net earnings of $1.2 million or $0.14 per share compared to net earnings of $0.7 million or $0.09 per share a year ago. Consolidated sales for the first quarter were $110.4 million compared to $112.0 million for the same period a year ago. Sales in the US and export activities were strong throughout the first quarter while the economy and housing starts in Canada faced some headwind. Sales grew in most regions except Quebec and the Atlantic provinces where demand from retailers and manufacturers declined rapidly in the latter part of the quarter. Ontario, Western Canada, the US and exports posted a good performance to offset this decline. On the operating side, many measures were taken to reduce our cost structure. As a result, direct, selling and administrative expenses decreased 2.5% or $0.5 million.
Goodfellow Announces a Change of Its Fiscal Year End
Marketwire - Thu Dec 19, 9:01AM CST
Goodfellow Inc. (TSX: GDL) announced today a change of its fiscal year-end, from August 31 to November 30, taking effect for the fiscal year commencing September 1, 2013. The change in fiscal year-end better aligns with current Company business seasonality and is expected to reduce operational costs incurred during the busy summer season. The Company's annual financial filing package, including audited financial statements and MD&A, for the fifteen-month fiscal period ended November 30, 2014, will be due by February 28, 2015.
Goodfellow Inc. : 2013 Annual General Meeting of the Shareholders
Marketwire - Fri Dec 13, 10:21AM CST
The Annual Meeting of Shareholders of Goodfellow Inc. (TSX: GDL) will be held this year at:
Goodfellow Reports its Results for the Fiscal Year Ended August 31, 2013 and Declares an Eligible Dividend
Marketwire - Wed Nov 06, 1:47PM CST
Goodfellow Inc. (TSX: GDL) announced today its financial results for the fiscal year ended August 31, 2013. The Company generated net earnings of $5.3 million or $0.62 per share compared to net earnings of $4.4 million or $0.51 per share a year ago. Consolidated sales for the fiscal year 2013 were $483.5 million compared to $500.7 million for the same period a year ago. Fiscal 2012-2013 main focus was on maintaining sales levels and restoring margin discipline. Our core lumber business performed well and was a major component of our gross margin improvements. During Fiscal 2013, lumber sales were positively impacted by the demand for hardwood lumber and our efforts to widen our distribution network in all of our traditional lumber markets.
Goodfellow Declares an Eligible Dividend
Marketwire - Thu Jul 11, 10:49AM CDT
The Board of directors of Goodfellow Inc. (TSX: GDL) declared an eligible dividend of $0.20 per share payable August 16, 2013, to all shareholders of record as of August 2, 2013.
Goodfellow Reports its Results for the Third Quarter Ended May 31, 2013
Marketwire - Wed Jun 26, 11:25AM CDT
Goodfellow Inc. (TSX: GDL) announced today its financial results for the third quarter ended May 31, 2013. The Company recorded a net income of $2.5 million or $0.29 per share compared to $1.6 million or $0.19 per share during the corresponding period a year ago. Consolidated sales for the three months ended May 31, 2013 were $138.2 million compared to $141.2 million last year. Sales during the third quarter declined due to a late spring weather wise and a progressive slowdown in new housing starts during the latter part of the third quarter. The Canadian housing market conditions were sluggish with new housing starts decreasing 18% to 185,800 units on average (Source: CMHC) for the three months ended May 31, 2013 compared to 227,500 units during the third quarter a year ago. The sales decrease was mitigated by the increased demand for our value-added product lines and the introduction of new product lines compared to last year. The increased demand for value-added products helped improve our gross margins
Goodfellow Reports its Results for the Second Quarter Ended February 28, 2013
Marketwire - Tue Mar 26, 8:20AM CDT
Goodfellow Inc. (TSX: GDL) announced today its financial results for the second quarter ended February 28, 2013. The Company recorded a net loss of $(0.9) million or $(0.11) per share compared to $(0.6) million or $(0.07) per share during the corresponding period a year ago. Consolidated sales for the three months ended February 28, 2013 were $95.4 million compared to $101.1 million last year. Sales during the second quarter declined due to unfavourable weather conditions, and a reduced demand from our retailers business. The decrease was mitigated by the increased demand for our value-added product lines and the introduction of new product lines compared to last year. The Canadian housing market conditions were sluggish with new housing starts decreasing 11.7% to 178,100 units on average (Source: CMHC) for the three months ended February 28, 2013 compared to 201,800 units during the second quarter a year ago.
Goodfellow Reports Its Results for the First Quarter of Fiscal 2013
Marketwire - Wed Dec 19, 8:24AM CST
Goodfellow Inc. (TSX: GDL) announced today its financial results for the first quarter ended November 30, 2012. The Company generated net earnings of $0.7 million or $0.09 per share compared to net earnings of $0.9 million or $0.10 per share a year ago. Consolidated sales for the first quarter were $112.0 million compared to $106.0 million for the same period a year ago. Cash flow from operations (excluding non-cash working capital, income tax paid and interest paid) for the first quarter decreased to $1.4 million from $1.7 million for the same period last year. Management's focus on growing sales growth was maintained and as such, consolidated sales grew 6% during the first quarter. Sales grew in most regions except BC and Ontario where demand from retailers and industrial projects declined compared to the first quarter a year ago. Our sales team focused its efforts on value-added lumber products in order to diversify our product mix in many areas of our business. On the operating side, direct, selling and
