Goodfellow Inc. reported 3Q 2020 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.
For the nine months ended August 31, 2020, Goodfellow Inc. reported a net income of $8 million or $0.94 per share compared to a net income of $2.8 million or $0.33 per share a year ago. Consolidated sales were $331.5 million compared to $342.5 million last year.
The Company was able to take advantage of the travel restrictions imposed by Canadian and provincial governments in the third quarter. Since many customers were unable to travel during the summer, they decided to invest in their properties and had a strong impact on the demand for the company's products.
Goodfellow Inc. is a distributor of lumber products, building materials and floor coverings.
