Core Insights - Goodfellow Inc. reported a decline in net earnings for the third quarter of 2025, with net earnings of $3.7 million or $0.45 per share, down from $5.8 million or $0.68 per share in the same period last year [1][7] - Consolidated sales for the third quarter increased slightly to $142 million from $140 million year-over-year [1][6] - For the nine months ended August 31, 2025, net earnings were $3.9 million or $0.47 per share, compared to $11 million or $1.29 per share in the previous year, while consolidated sales rose to $406 million from $385 million [2][6] Financial Performance - The company experienced a decrease in net earnings for both the three-month and nine-month periods compared to the previous year [1][2] - Total comprehensive income for the third quarter was $3.743 million, down from $5.75 million in the same quarter of 2024 [6] - The earnings before income taxes for the third quarter were $5.199 million, compared to $7.986 million in the prior year [6] Operational Strategy - Goodfellow focused on disciplined cost management, margin protection, and targeted growth opportunities in value-added products and specialty markets to navigate varying economic conditions [3] - The company's diversified business model and customer-focused approach contributed to higher turnover and sales despite the challenges [3] Dividend Declaration - The Board of Directors declared a dividend of $0.35 per share, payable on November 11, 2025, to shareholders of record as of October 28, 2025 [4] 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 [5] - The company operates across Canada and the Northeastern U.S., leveraging its distribution network to effectively reach various market segments [5]