Goodfellow Reports Its Results for the Second Quarter Ended May 31, 2026

Goodfellow Inc. (TSX: GDL) (the “Company” or “Goodfellow”) announced today its financial results for the second quarter ended May 31, 2026. For the three months ended May 31, 2026, Goodfellow reported net earnings of $2.1 million or $0.25 per share compared to net earnings of $2.5 million or $0.29 per share a year ago, while consolidated sales were $142.7 million compared to $152.9 million last year. For the six months ended May 31, 2026, the Company reported a net loss of $1.1 million or $(0.13) per share compared to net earnings of $0.2 million or $0.02 per share a year ago, while consolidated sales were $251.4 million compared to $264.1 million last year. At the midpoint of fiscal 2026, Goodfellow continued to operate in a complex environment characterized by persistent macroeconomic uncertainty, difficult housing market conditions, softer consumer demand and pricing volatility. Customers maintained a disciplined approach to purchasing and inventory management, contributing to a slower start to the building season, while regional differences in construction activity resulted in uneven market conditions across the Company's operating network. Performance for the first half of the year reflects these ongoing challenges. Goodfellow remains well positioned for future growth through its strong balance sheet, diversified product offering and continued focus on delivering exceptional customer service as market conditions improve.