Goodfellow reports third-quarter results: what it means for Goodfellow stock

Published on 10/07/2026 at 00:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net earnings fell to CAD 2.3 million from CAD 3.7 million in the third quarter. For Goodfellow stock this means CAD 145.7 million in third-quarter sales.

GUD, CA38216R1001, Illustration mit AI erstellt.

Goodfellow (CA38216R1001) reported third-quarter 2026 net earnings of CAD 2.3 million, down from CAD 3.7 million a year earlier. The company also declared a CAD 0.10 per-share dividend, while Goodfellow stock remains linked to a business exposed to lumber, building materials and floor coverings, according to GlobeNewswire on October 6, 2026.

Sales growth masks weaker earnings

For the three months ended August 31, 2026, consolidated sales increased to CAD 145.7 million from CAD 141.9 million in the comparable period. The sales gain did not translate into higher earnings, with net earnings per share falling to CAD 0.27 from CAD 0.45.

The nine-month comparison is less favorable. Sales totaled CAD 397.1 million for the period ended August 31, 2026, versus CAD 406.0 million a year earlier, while net earnings declined to CAD 1.2 million from CAD 3.9 million, according to GlobeNewswire.

Dividend sets the next date

The board declared an eligible dividend of CAD 0.10 per share payable on November 3, 2026. Shareholders must be on the register at the close of business on October 20, 2026, creating a concrete calendar point for the company after the results release.

Goodfellow's reported balance sheet showed total assets of CAD 330.4 million as of August 31, 2026, compared with CAD 294.9 million at November 30, 2025. At the same time, bank indebtedness stood at CAD 39.9 million, up from CAD 17.6 million, according to GlobeNewswire. That combination gives investors two opposing signals: the asset base expanded, while financing needs also increased.

Prior close anchors the quote

The Lang & Schwarz prior close was EUR 7.00 on October 5, 2026. Goodfellow shares are listed on the Toronto Stock Exchange under ticker GDL, and the company serves commercial and residential customers across Canada and the Northeastern United States.

The further course of trading is shown by the continuously updated real-time quote of Goodfellow stock.