Goodfellow Inc. announced its financial results for the 4Q ended November 30, 2019. The company reported a net income of $0.3 million or $0.03 per share compared to a net income of $0.2 million or $0.02 per share a year ago. 4Q 2019 consolidated sales were $107.1 million compared to $112.7 million last year.
For the fiscal year ended November 30, 2019, the company reported a net income of $3.1 million or $0.36 per share compared to a net income of $2.6 million or $0.30 per share a year ago. Consolidated sales for the fiscal year ended November 30, 2019 were $449.6 million compared to $475.2 million last year.
Despite challenging conditions in North America and overseas, Goodfellow’s core business activities showed great signs of resilience in 2019 to sustain the trend of improved profitability. The company has invested in measures to improve its productivity and strengthen its position as the leader in custom orders & value-added manufacturing of wood products.
The Board of Directors of Goodfellow Inc. declared an eligible dividend of $0.10 per share payable on March 13, 2020, to shareholders of record at the close of business on February 28, 2020.
Goodfellow Inc. is a distributor of lumber products, building materials and floor coverings.
