American Securities Logo (PRNewsfoto/American Securities LLC) Under the ownership of American Securities and CD&R, FBM became an industry leader, with a network of over 370 locations in the United States and Canada serving 40,000 Pro customers. Since its acquisition in 2021, the company has experienced exceptional growth resulting in 27% per annum revenue growth and 31% per annum EBITDA growth. CD&R Logo (PRNewsfoto/American Securities LLC) , /PRNewswire/ -- American Securities LLC ("American Securities") ...

PresentationI would now like to turn the conference over to your host, P.I. Aquino, Vice President, Investor Relations for TopBuild. Thank you. You may begin.Greetings, and welcome to the TopBuild acquisition of Specialty Products and Insulation SPI in an all-cash transaction valued at $1 billion conference call. [Operator Instructions] As a reminder, this conference is being recorded.P.I. AquinoVice President of Investor Relations Good morning, everyone, and thanks for joining us on such short notice. With ...

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. (“Doman” or the “Company”) (TSX:DBM) announced today that a wholly owned subsidiary has sold all of its remaining private timberland holdings in southeast British Columbia, Canada, to the Nature Conservancy of Canada. During its nine years ...

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. (“Doman” or the “Company”) (TSX:DBM) announced today that a wholly owned subsidiary has sold all of its remaining private timberland holdings in southeast British Columbia, Canada, to the Nature Conservancy of Canada. During its nine years ...

Group 1: Sands Capital Global Growth Strategy Overview - Sands Capital released its second-quarter 2025 investor letter, highlighting a flexible approach to identify promising growth companies globally [1] - The Global Growth portfolio achieved a return of 21.7% in the quarter, outperforming the MSCI ACWI index, which returned 11.5% [1] - This quarter's performance marked the fourth best since the fund's inception in 2008, both in absolute and relative terms [1] Group 2: Builders FirstSource, Inc. (NYSE:BLDR) Analysis - Builders FirstSource, Inc. is the largest distributor of lumber and building materials in the U.S. by market share [3] - The company experienced a one-month return of 3.19%, but its shares have decreased by 29.58% over the past 52 weeks, closing at $136.99 with a market capitalization of $15.144 billion [2][3] - The U.S. housing market remains sluggish, with housing starts down 5% year-over-year in Q1 2025, indicating a challenging environment for Builders FirstSource [3] Group 3: Strategic Positioning and Market Outlook - Builders FirstSource is focusing on factors within its control to strengthen its competitive position, including investments in digital capabilities, strategic acquisitions, and opportunistic share repurchases [3] - While the timing of a housing market recovery is uncertain, there is confidence that Builders FirstSource is well-positioned to benefit when recovery occurs, presenting an attractive risk-reward profile at current valuation levels [3] - In Q2, Builders FirstSource's sales decreased by 5% to $4.2 billion, and it was noted that 74 hedge fund portfolios held the stock, an increase from 58 in the previous quarter [4]

Legal Disclaimer Cautionary note on forward-looking statements Certain information included in this presentation and discussed on the conference call that this presentation accompanies is forward-looking, including within the meaning of the Private Securities Litigation Reform Act of 1995, and involves risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed or implied by forward-looking statements. Forward-looking statements cover all matters which are ...

Core Viewpoint - Doman Building Materials Group Ltd. reported strong financial results for Q2 2025, with record revenues driven by acquisitions and robust market demand despite challenges in the North American housing market [2][3][7]. Financial Performance - Consolidated revenues for Q2 2025 reached $886.7 million, up from $689.8 million in Q2 2024, marking a significant increase of approximately 28.5% [3][4]. - Gross margin dollars increased to $142.7 million in Q2 2025, compared to $108.1 million in Q2 2024, with gross margin percentage rising to 16.1% from 15.7% [4][8]. - EBITDA for Q2 2025 was $80.0 million, a substantial increase from $50.2 million in Q2 2024, while Adjusted EBITDA also rose to $80.0 million from $50.6 million [4][6]. - Net earnings for the quarter were $27.7 million, compared to $17.0 million in the same period of 2024, reflecting a year-over-year increase of approximately 62.4% [4][8]. Dividend Declaration - The Company declared a quarterly dividend of $0.14 per share, which was paid on July 15, 2025, to shareholders of record as of June 30, 2025 [5][19]. Year-to-Date Performance - For the six-month period ended June 30, 2025, Doman generated EBITDA and Adjusted EBITDA of $150.1 million on revenues of $1.68 billion, compared to $95.0 million and $96.2 million on revenues of $1.29 billion in the same period of 2024 [6][8]. - Gross margin for the first half of 2025 was $275.2 million, with a gross margin percentage of 16.4%, compared to $208.5 million and 16.1% in the first half of 2024 [6][8]. - Net earnings for the six-month period were $51.2 million, up from $31.4 million in the comparative period of 2024, indicating a year-over-year increase of approximately 63.2% [6][8]. Market Context - The Chairman of the Board noted that despite challenges such as cooling housing demand, high mortgage rates, and tariff uncertainties, the Company remains resilient and focused on long-term value creation and balance sheet optimization [7].

Financial Data and Key Metrics Changes - Net sales decreased by 5% to $4.2 billion, driven by lower organic sales and commodity deflation, partially offset by growth from acquisitions [19][20] - Gross profit was $1.3 billion, a decrease of 11% compared to the prior year, with a gross margin of 30.7%, down 20 basis points [21] - Adjusted EBITDA was $506 million, down 24%, with an adjusted EBITDA margin of 12%, down 300 basis points from the prior year [22] Business Line Data and Key Metrics Changes - Multifamily sales declined by 23%, while single-family sales decreased by 9%, attributed to lower starts activity and value per start [20] - Repair and remodel increased by 3%, driven by strength in the Mid Atlantic and South Central regions [20] - The company invested over $35 million in value-added solutions, including opening a new millwork location in Florida and upgrading plants in seven states [7][8] Market Data and Key Metrics Changes - Single-family starts are expected to decrease through year-end due to builders managing construction pace amid affordability concerns [9] - Multifamily remains muted due to higher input and financing costs, but it is still considered an appealing and profitable business [10] - The company anticipates a headwind to sales of $400 million to $500 million in multifamily and a headwind to EBITDA of less than $200 million [26] Company Strategy and Development Direction - The company focuses on three key areas: customer service, operational excellence, and disciplined capital allocation [5][6] - The transition to a single ERP system is expected to unlock further growth opportunities and efficiencies [6] - The company remains committed to pursuing higher return opportunities through acquisitions, with a focus on expanding value-added product offerings [11] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenging market environment but emphasizes the importance of operational discipline and customer service [4][7] - The company expects net sales for Q3 to be between $3.65 billion and $3.95 billion, reflecting a weaker than normal building season [28] - The full-year guidance for net sales is projected to be between $14.8 billion and $15.6 billion, with adjusted EBITDA expected to be between $1.5 billion and $1.7 billion [26] Other Important Information - The company completed a $750 million offering of senior unsecured notes to pay down the balance on its ABL [24] - Capital expenditures for the quarter were $86 million, with $61 million allocated to acquisitions and $391 million used for share repurchases [25] - The company has a net debt to adjusted EBITDA ratio of approximately 2.3x, indicating a comfortable leverage position [24] Q&A Session Summary Question: How is the company strengthening its competitive position in a disappointing starts environment? - The company focuses on improving on-time and in-full performance, enhancing integrations with builders, and leveraging technology to optimize the build process [34][36] Question: What drove the sequential improvement in gross margins in Q2? - The improvement was attributed to better-than-expected performance in multifamily and repair and remodel segments, despite ongoing pressures [41][42] Question: What is the outlook for gross margins in Q3 and the second half of the year? - The company expects sequential normalization or declines in margins due to the competitive landscape and softer starts environment [43] Question: How does the company view the impact of Canadian lumber tariffs on its forecast? - The company has factored in the duties and believes the impact will be minimal in 2025, with lumber prices remaining stable [62] Question: What are the main drivers of the sequential change from Q2 to Q3? - The main drivers include a weakening start environment, continued normalization of multifamily, and commodity deflation [70][71] Question: How is the ERP rollout progressing? - The ERP system went live on July 1, with ongoing support and adjustments being made to address initial challenges [106][107]

Q2 2025 Financial Performance - Net sales increased by 1.5% year-over-year to $780 million[21] - Gross profit decreased by 2.3% year-over-year to $120 million[21] - Gross margin decreased by 60 bps year-over-year to 15.3%[21] - Adjusted EBITDA decreased by 22% year-over-year to $26.8 million, representing 3.4% of net sales[21] - Free cash flow was negative $36 million[21] Segment Performance - Specialty product net sales increased by 1% to $543 million, representing approximately 70% of total net sales[25] - Structural product net sales increased by 3% to $237 million[28] - Specialty product gross profits represent approximately 84% of total gross profit[25] - Structural product gross profits represent approximately 16% of total gross profit[28] Balance Sheet and Liquidity - Cash and cash equivalents totaled $387 million at the end of Q2 2025[34] - Total available liquidity was $730 million[34] - Net debt was negative $11 million, resulting in a net leverage ratio of (0.1x)[34]

Company Overview - Doman Building Materials Group Ltd. is headquartered in Vancouver, British Columbia, and trades on the Toronto Stock Exchange under the symbol DBM [4] - The company is Canada's only fully integrated national distributor in the building materials and related products sector, operating several distinct divisions with multiple treating plants, planing and specialty facilities, and distribution centers across Canada and the United States [4][5] Financial Reporting - Doman will report its second quarter 2025 financial results for the period ended June 30, 2025, after market hours on August 6, 2025 [1] - An analyst call will be hosted on August 7, 2025, at 10:00 a.m. ET, where the financial performance will be discussed by Amar Doman, Chairman and CEO, and James Code, CFO [2] Conference Call Details - To access the analyst call, participants can dial 1-844-826-3035 or 1-412-317-5195, with an option for automated call back registration [3] - A replay of the conference call will be available from 3:00 p.m. ET on August 7, 2025, until 11:59 p.m. ET on August 21, 2025 [3]