Core Insights - Goodfellow Inc. reported a decline in net earnings for the second quarter of 2025, with net earnings of $2.5 million or $0.29 per share, down from $5.3 million or $0.62 per share in the same period last year [1][5] - Consolidated sales increased to $152.9 million in Q2 2025 from $140.3 million in Q2 2024, indicating a growth in revenue despite the drop in earnings [1][5] - For the first half of 2025, net earnings were $0.2 million or $0.02 per share, significantly lower than $5.2 million or $0.61 per share in the first half of 2024, while consolidated sales rose to $264.1 million from $245.7 million [2][5] Financial Performance - The company experienced a notable increase in consolidated sales, with Q2 2025 sales at $152.9 million compared to $140.3 million in Q2 2024, representing an increase of approximately 11.5% [1][5] - The cost of goods sold for Q2 2025 was $120.2 million, up from $106.2 million in Q2 2024, reflecting rising operational costs [5] - Selling, administrative, and general expenses also increased to $28.1 million in Q2 2025 from $26.1 million in Q2 2024 [5] Market Dynamics - The company's performance is influenced by challenging market dynamics and inflationary pressures on operational costs [3] - There has been a shift in consumer preference towards Canadian-sourced wood products, driven by concerns regarding U.S. trade policy, which has contributed to modest domestic demand and price stability [3] Company Overview - Goodfellow Inc. is a diversified manufacturer of value-added lumber products and a wholesale distributor of building materials and floor coverings, serving both commercial and residential sectors [4] - The company has a distribution network across Canada and the Northeastern U.S., and it also serves international lumber markets [4]

Core Viewpoint - Goodfellow Inc. has appointed Suzanne Blanchet to its Board of Directors, which is expected to enhance the company's strategic initiatives and support management in maintaining its industry leadership [1][2]. Company Overview - Goodfellow Inc. is a diversified manufacturer of value-added lumber products and a wholesale distributor of building materials and floor coverings, serving both commercial and residential sectors across Canada and the Northeastern U.S. [4]. Board Appointment Details - Suzanne Blanchet brings extensive management and board experience, having served on multiple boards, including GDI Integrated Facility Services Inc. and Velan Inc., where she chaired the Audit Committee [3]. - Blanchet has a notable history at Cascades Inc., where she was President of Cascades Tissue Group from 1997 to 2014, leading it to become the fourth-largest tissue paper manufacturer in North America [3]. - She has received several accolades, including the Golden Stevie Award for Executive of the Year in Canada in 2013, and an honorary doctorate from the Université du Québec en Outaouais in 2015 for her contributions to sustainable development [3].

Core Points - Goodfellow Inc. announced that all resolutions presented at its Annual Meeting of Shareholders were passed, with 5,926,983 shares represented, accounting for 70.38% of the outstanding shares [1] Group 1: Election of Directors - Six nominees for directors were elected, with the following voting results: - Alain Côté received 4,929,525 votes (83.32% for) - David A. Goodfellow received 3,787,060 votes (64.01% for) - G. Douglas Goodfellow received 3,787,060 votes (64.01% for) - Robert Hall received 4,928,800 votes (83.31% for) - Marie-Hélène Nolet received 5,895,584 votes (99.65% for) - Sarah Prichard received 3,879,637 votes (65.57% for) [2] Group 2: Appointment of Auditor - KPMG LLP was reappointed as the Company's auditor, with 5,912,734 votes (99.76% in favor) and 14,249 votes (0.24% withheld) [3] Group 3: Company Overview - Goodfellow is a diversified manufacturer of value-added lumber products and a wholesale distributor of building materials and floor coverings, serving both commercial and residential sectors across Canada and the Northeastern U.S. [4]