Goodfellow Reports Its Results for the Third Quarter Ended August 31, 2020

Oct 15, 2020

DELSON, Quebec, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Goodfellow Inc. (TSX: GDL) announced today its financial results for the third quarter ended August 31, 2020. The Company reported a net income of $6.7 million or $0.78 per share compared to a net income of $2.5 million or $0.29 per share a year ago. Consolidated sales were $138.8 million compared to $130.6 million last year. Sales in Canada increased 9% compared to the same period a year ago, while sales in the United States decreased 6% (on a Canadian dollar basis) and export sales decreased 23% compared to the same period a year ago. On the operating side, selling, administrative and general expenses decreased overall by $1.6 million.

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