Inside the Market’s roundup of Canadian small caps making news and on the move today. This post will be updated during the trading day.
CanWel Building Materials Group Ltd. beat second-quarter estimates with an EPS of 24 cents versus the consensus of 16 cents. The company announced that its second-quarter revenues were up 12.2 per cent from the same time last year, increasing to $226-million from $210-million. Building material distributor Canwel said that the increase was driven by higher demand for products after the particularly harsh winter Canada saw this year. Gross margin also increased 28 per cent.