Goodfellow Inc. announced its financial results for the 1Q ended February 28, 2021. The Company reported a net income of $3.8 million or $0.44 per share compared to a net loss of $(2.1) million or $(0.24) per share a year ago.
Consolidated sales for the three months ended February 28, 2021 were $119.4 million compared to $88.9 million last year.
The evolution of COVID-19 remains unpredictable and due to the rise of new variant infection cases worldwide it makes estimating the end of the pandemic impossible at this date. The 1Q results of fiscal 2021 were characterized by continued pandemic realities and their drastic effects on supply and demand. The Company performed very well and was able to capitalize on surging demand in commodities and seasonal products. The Company also positioned itself to succeed across the country with a firm commitment to maintaining needed inventory levels and ensuring superior customer service from coast to coast.
Goodfellow Inc. is a distributor of lumber products, building materials and floor coverings.
