Income Statement Goodfellow Inc.

Stocks

GDL

CA38216R1001

Forest & Wood Products

Delayed Toronto S.E. 17:46:28 30/09/2026 +03			5-day change	1st Jan Change
10.96 ^CAD	-0.63%		-2.49%	-8.21%

07-13	Tranche Update on Goodfellow Inc.'s Equity Buyback Plan announced on November 17, 2025.	CI
07-13	Goodfellow Reports Lower Q2 Net Earnings, Sales Slip	MT

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Published financial data: GOODFELLOW INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: November	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Revenues	616M	631M	513M	510M	543M
Total Revenues	616M	631M	513M	510M	543M
Cost of Goods Sold, Total	479M	495M	400M	388M	439M
Gross Profit	137M	136M	112M	122M	104M
Selling General & Admin Expenses, Total	83.33M	88.14M	89.84M	101M	89.9M
Other Operating Expenses, Total	83.33M	88.14M	89.84M	101M	89.9M
Operating Income	53.22M	47.92M	22.52M	20.44M	13.63M
Interest Expense, Total	-1.41M	-1.83M	-1.43M	-1.84M	-3.06M
Interest And Investment Income	2K	5K	239K	468K	85K
Net Interest Expenses	-1.4M	-1.83M	-1.19M	-1.38M	-2.97M
Other Non Operating Income (Expenses)	-1.29M	-1.37M	-1.24M	-1M	-1.06M
EBT, Excl. Unusual Items	50.52M	44.72M	20.09M	18.06M	9.6M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
EBT, Incl. Unusual Items	50.52M	44.72M	20.09M	18.06M	9.6M
Income Tax Expense	12.69M	12.04M	5.4M	4.7M	2.46M
Earnings From Continuing Operations	37.84M	32.68M	14.69M	13.37M	7.14M
Net Income to Company	37.84M	32.68M	14.69M	13.37M	7.14M
Net Income - (IS)	37.84M	32.68M	14.69M	13.37M	7.14M
Net Income to Common Incl Extra Items	37.84M	32.68M	14.69M	13.37M	7.14M
Net Income to Common Excl. Extra Items	37.84M	32.68M	14.69M	13.37M	7.14M
Per Share Items
Net EPS - Basic	4.42	3.82	1.72	1.57	0.85
Basic EPS - Continuing Operations	4.42	3.82	1.72	1.57	0.85
Basic Weighted Average Shares Outstanding	8.56M	8.56M	8.54M	8.5M	8.39M
Net EPS - Diluted	4.42	3.82	1.72	1.57	0.85
Diluted EPS - Continuing Operations	4.42	3.82	1.72	1.57	0.85
Diluted Weighted Average Shares Outstanding	8.56M	8.56M	8.54M	8.5M	8.47M
Normalized Basic EPS	3.69	3.26	1.47	1.33	0.72
Normalized Diluted EPS	3.69	3.26	1.47	1.33	0.71
Dividend Per Share	0.7	1	1	0.5	0.5
Payout Ratio	19.24	23.58	58.14	47.68	70.4
Supplemental Items
EBITDA	55.82M	50.57M	26.1M	24.63M	18.82M
EBITA	53.27M	48.02M	22.79M	20.44M	13.63M
EBIT	53.22M	47.92M	22.52M	20.44M	13.63M
EBITDAR	57.34M	52.18M	27.92M	26.63M	20.96M
Effective Tax Rate - (Ratio)	25.11	26.92	26.89	25.99	25.6
Total Current Taxes	13.86M	12.11M	5.62M	2.49M	3.95M
Total Deferred Taxes	-1.18M	-75K	-216K	2.21M	-1.34M
Normalized Net Income	31.58M	27.95M	12.56M	11.29M	6M
Interest on Long-Term Debt	580K	603K	431K	768K	1.42M
Non-Cash Pension Expense	165K	46K	-212K	-371K	-508K
Supplemental Operating Expense Items
Net Rental Expense, Total	1.52M	1.61M	1.82M	2M	2.14M
Imputed Operating Lease Interest Expense	482K	1.12M	1.35M	1.45M	1.59M
Imputed Operating Lease Depreciation	1.03M	483K	467K	546K	553K
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	1.12M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	1.12M

Fiscal Period: November	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Assets
Cash And Equivalents	4.25M	3.42M	28.38M	5.31M	3.77M
Total Cash And Short Term Investments	4.25M	3.42M	28.38M	5.31M	3.77M
Accounts Receivable, Total	63.08M	64.11M	53.54M	56.2M	54.73M
Other Receivables	161K	2.75M	6.42M	7.03M	2.1M
Total Receivables	63.25M	66.86M	59.96M	63.24M	56.83M
Inventory	110M	112M	98.47M	131M	144M
Prepaid Expenses	4.19M	2.56M	4.22M	4.05M	3.17M
Total Current Assets	181M	185M	191M	204M	208M
Gross Property Plant And Equipment	111M	118M	118M	142M	146M
Accumulated Depreciation	-68.53M	-71.08M	-74.33M	-78.46M	-83.66M
Net Property Plant And Equipment	42.28M	47.27M	44.12M	63.82M	61.93M
Long-term Investments	-	-	-	-	-
Other Intangibles, Total	2.65M	2.1M	1.49M	896K	381K
Deferred Tax Assets Long-Term	-	-	-	-	744K
Other Long-Term Assets, Total	11.18M	12.42M	16.12M	23.26M	23.61M
Total Assets	238M	247M	253M	292M	295M
Liabilities
Accounts Payable, Total	28.64M	25.17M	26.98M	37.74M	31.17M
Accrued Expenses, Total	11.4M	13.4M	9.28M	7.92M	8.38M
Short-term Borrowings	9.25M	-	-	5.91M	17.56M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	4.26M	4.97M	4.73M	6.27M	6.48M
Current Income Taxes Payable	9.02M	-	-	-	-
Other Current Liabilities	-	-	4.15M	4.3M	3.7M
Total Current Liabilities	62.57M	43.54M	45.14M	62.14M	67.3M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	10.92M	12.54M	8.5M	15.2M	14.55M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	3.15M	3.43M	4.11M	8.3M	5.44M
Other Non Current Liabilities	-	634K	-	-	-
Total Liabilities	76.64M	60.14M	57.75M	85.65M	87.29M
Common Stock, Total	9.42M	9.42M	9.38M	9.31M	9.18M
Retained Earnings	152M	177M	186M	197M	198M
Total Common Equity	161M	187M	195M	206M	208M
Total Equity	161M	187M	195M	206M	208M
Total Liabilities And Equity	238M	247M	253M	292M	295M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	8.56M	8.55M	8.51M	8.43M	8.33M
ECS Total Common Shares Outstanding	8.56M	8.56M	8.52M	8.52M	8.34M
Book Value / Share	18.8	21.83	22.88	24.2	24.88
Tangible Book Value	158M	185M	194M	205M	207M
Tangible Book Value Per Share	18.49	21.58	22.71	24.09	24.84
Total Debt	24.43M	17.51M	13.23M	27.39M	38.6M
Net Debt	20.17M	14.09M	-15.15M	22.07M	34.83M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-10.4M	-11.62M	-15.35M	-21.92M	-21.74M
Debt Equivalent Oper. Leases	12.12M	12.86M	14.54M	15.99M	17.12M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	12.43M	9.3M	11.45M	16.62M	18.06M
Inventories - Work In Process, Total	12.52M	6.36M	7.43M	12.91M	17.88M
Inventories - Finished Goods, Total	87.56M	99.84M	82.8M	105M	112M
Land - (BS)	6.26M	6.26M	6.26M	6.52M	6.52M
Buildings, Total	50.6M	52.36M	53.48M	57.14M	57.95M
Machinery, Total	34.51M	36.57M	47.35M	58.68M	61.81M
Full Time Employees	683	677	687	814	813
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	170K	342K	594K	880K	1.06M

Fiscal Period: November	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Net Income	37.84M	32.68M	14.69M	13.37M	7.14M
Depreciation & Amortization - CF	6.69M	7.1M	8.01M	8.98M	11.32M
Amortization of Goodwill and Intangible Assets - (CF)	53K	102K	271K	-	-
Depreciation & Amortization, Total	6.75M	7.2M	8.28M	8.98M	11.32M
Amortization of Deferred Charges, Total - (CF)	612K	608K	602K	591K	585K
(Gain) Loss From Sale Of Asset	-25K	-45K	-139K	-183K	-20K
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	-	-	-	-	1.12M
Other Operating Activities, Total	3.59M	-10.7M	-4.68M	482K	1.9M
Change In Accounts Receivable	12.85M	-1.18M	10.75M	-2.93M	1.13M
Change In Inventories	-25.05M	-2.51M	13.82M	-32.81M	-13.2M
Change In Accounts Payable	-1.8M	-1.62M	1.37M	11.4M	-7.57M
Change in Other Net Operating Assets	-1.48M	1.57M	-1.73M	238K	810K
Cash from Operations	33.28M	26.01M	42.97M	-868K	3.21M
Capital Expenditure	-1.33M	-4.83M	-3.84M	-15.69M	-3.63M
Sale of Property, Plant, and Equipment	29K	45K	147K	576K	20K
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-33K	-54K	7K	-	-70K
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-	-17K	18K	-559K	-539K
Cash from Investing	-1.34M	-4.85M	-3.66M	-15.67M	-4.22M
Short Term Debt Issued, Total	-	-	-	-	17M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	17M
Short Term Debt Repaid, Total	-22M	-2M	-	-	-
Long-Term Debt Repaid, Total	-4.55M	-4.98M	-5.35M	-5.17M	-5.78M
Total Debt Repaid	-26.55M	-6.98M	-5.35M	-5.17M	-5.78M
Repurchase of Common Stock	-	-56K	-456K	-892K	-1.37M
Common Dividends Paid	-7.28M	-7.71M	-8.54M	-6.38M	-5.03M
Common & Preferred Stock Dividends Paid	-7.28M	-7.71M	-8.54M	-6.38M	-5.03M
Cash from Financing	-33.83M	-14.75M	-14.34M	-12.44M	4.82M
Net Change in Cash	-1.89M	6.41M	24.96M	-28.98M	3.8M
Supplemental Items
Cash Interest Paid	1.54M	1.73M	1.37M	1.92M	3.02M
Cash Income Tax Paid (Refund)	9.7M	23.57M	9.55M	2.84M	974K
Levered Free Cash Flow	25.55M	16.75M	39.14M	-20.87M	3.3M
Unlevered Free Cash Flow	26.43M	17.89M	40.03M	-19.72M	5.21M
Change In Net Working Capital	12.83M	14.99M	-20.9M	26.37M	12.62M
Net Debt Issued / Repaid	-26.55M	-6.98M	-5.35M	-5.17M	11.22M

Fiscal Period: November	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Profitability
Return on Assets	14.59	12.36	5.63	4.69	2.9
Return on Total Capital	18.85	15.37	6.82	5.78	3.55
Return On Equity %	26.82	18.8	7.69	6.66	3.45
Return on Common Equity	26.82	18.8	7.69	6.66	3.45
Margin Analysis
Gross Profit Margin %	22.17	21.56	21.91	23.89	19.07
SG&A Margin	13.53	13.96	17.52	19.88	16.56
EBITDA Margin %	9.06	8.01	5.09	4.83	3.47
EBITA Margin %	8.65	7.61	4.44	4.01	2.51
EBIT Margin %	8.64	7.59	4.39	4.01	2.51
Income From Continuing Operations Margin %	6.14	5.18	2.86	2.62	1.32
Net Income Margin %	6.14	5.18	2.86	2.62	1.32
Net Avail. For Common Margin %	6.14	5.18	2.86	2.62	1.32
Normalized Net Income Margin	5.13	4.43	2.45	2.22	1.1
Levered Free Cash Flow Margin	4.15	2.65	7.63	-4.1	0.61
Unlevered Free Cash Flow Margin	4.29	2.83	7.81	-3.87	0.96
Asset Turnover
Asset Turnover	2.7	2.61	2.05	1.87	1.85
Fixed Assets Turnover	14.04	14.1	11.22	9.44	8.64
Receivables Turnover (Average Receivables)	8.86	9.92	8.72	9.29	9.79
Inventory Turnover (Average Inventory)	4.93	4.46	3.8	3.38	3.19
Short Term Liquidity
Current Ratio	2.9	4.25	4.23	3.28	3.09
Quick Ratio	1.08	1.61	1.96	1.1	0.9
Operating Cash Flow to Current Liabilities	0.53	0.6	0.95	-0.01	0.05
Days Sales Outstanding (Average Receivables)	41.19	36.78	41.87	39.41	37.29
Days Outstanding Inventory (Average Inventory)	74.05	81.86	96.05	108.42	114.52
Average Days Payable Outstanding	21.6	19.74	24.61	28.16	27.78
Cash Conversion Cycle (Average Days)	93.65	98.9	113.31	119.68	124.02
Long Term Solvency
Total Debt/Equity	15.18	9.37	6.78	13.28	18.59
Total Debt / Total Capital	13.18	8.57	6.35	11.72	15.68
LT Debt/Equity	6.79	6.71	4.36	7.37	7.01
Long-Term Debt / Total Capital	5.89	6.14	4.08	6.51	5.91
Total Liabilities / Total Assets	32.26	24.36	22.85	29.35	29.6
EBIT / Interest Expense	37.85	26.14	15.78	11.08	4.46
EBITDA / Interest Expense	42.65	30.07	21.58	15.94	8.15
(EBITDA - Capex) / Interest Expense	41.7	27.44	18.89	7.44	6.97
Total Debt / EBITDA	0.41	0.32	0.43	0.93	1.55
Net Debt / EBITDA	0.34	0.26	-0.49	0.75	1.4
Total Debt / (EBITDA - Capex)	0.42	0.35	0.49	1.99	1.81
Net Debt / (EBITDA - Capex)	0.34	0.28	-0.56	1.61	1.63
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	35.64	2.47	-18.75	-0.64	6.56
Gross Profit, 1 Yr. Growth %	48.82	-0.35	-17.42	8.35	3.11
EBITDA, 1 Yr. Growth %	126.7	-9.41	-48.39	-5.63	-23.58
EBITA, 1 Yr. Growth %	143.03	-9.86	-52.54	-10.3	-33.33
EBIT, 1 Yr. Growth %	144.78	-9.96	-53	-9.22	-33.33
Earnings From Cont. Operations, 1 Yr. Growth %	173.96	-13.63	-55.05	-8.98	-46.58
Net Income, 1 Yr. Growth %	173.96	-13.63	-55.05	-8.98	-46.58
Normalized Net Income, 1 Yr. Growth %	165.6	-11.49	-55.07	-10.08	-46.86
Diluted EPS Before Extra, 1 Yr. Growth %	174.46	-13.63	-54.92	-8.55	-46.28
Accounts Receivable, 1 Yr. Growth %	-16.93	1.63	-16.49	4.98	-2.62
Inventory, 1 Yr. Growth %	29.56	2.28	-12.31	33.32	10.05
Net Property, Plant and Equip., 1 Yr. Growth %	-7.01	11.79	-6.67	44.66	-2.96
Total Assets, 1 Yr. Growth %	8.83	3.93	2.36	15.47	1.05
Tangible Book Value, 1 Yr. Growth %	34.16	16.67	4.78	6.1	0.94
Common Equity, 1 Yr. Growth %	32.76	16.05	4.4	5.75	0.69
Cash From Operations, 1 Yr. Growth %	190.87	-21.83	65.18	-102.02	-469.82
Capital Expenditures, 1 Yr. Growth %	-6.85	262.12	-20.53	309.02	-76.84
Levered Free Cash Flow, 1 Yr. Growth %	158.33	-34.45	133.73	-153.32	-115.82
Unlevered Free Cash Flow, 1 Yr. Growth %	142.24	-32.3	123.75	-149.25	-126.44
Dividend Per Share, 1 Yr. Growth %	27.27	42.86	0	-50	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	17.05	17.9	-8.75	-10.15	2.9
Gross Profit, 2 Yr. CAGR %	26.71	21.78	-9.29	-5.41	-4.01
EBITDA, 2 Yr. CAGR %	132.7	43.31	-31.62	-30.21	-15.08
EBITA, 2 Yr. CAGR %	166.1	48.01	-34.59	-34.75	-22.67
EBIT, 2 Yr. CAGR %	168.12	48.46	-34.95	-34.68	-22.2
Earnings From Cont. Operations, 2 Yr. CAGR %	251.98	53.82	-37.69	-36.04	-30.27
Net Income, 2 Yr. CAGR %	251.98	53.82	-37.69	-36.04	-30.27
Normalized Net Income, 2 Yr. CAGR %	244.14	53.32	-36.94	-36.44	-30.87
Diluted EPS Before Extra, 2 Yr. CAGR %	255.31	53.97	-37.6	-35.79	-29.91
Accounts Receivable, 2 Yr. CAGR %	15.02	-8.12	-7.88	-6.37	1.11
Inventory, 2 Yr. CAGR %	12.12	15.12	-5.29	8.13	21.13
Net Property, Plant and Equip., 2 Yr. CAGR %	13.47	1.96	2.14	16.2	18.48
Total Assets, 2 Yr. CAGR %	14.7	6.35	3.14	8.72	8.02
Tangible Book Value, 2 Yr. CAGR %	20.25	25.11	10.57	5.44	3.49
Common Equity, 2 Yr. CAGR %	19.13	24.13	10.07	5.07	3.19
Cash From Operations, 2 Yr. CAGR %	57.54	50.79	13.63	-81.73	-72.67
Capital Expenditures, 2 Yr. CAGR %	17.35	83.66	69.64	80.29	-2.67
Levered Free Cash Flow, 2 Yr. CAGR %	30.38	30.12	23.77	11.64	-70.96
Unlevered Free Cash Flow, 2 Yr. CAGR %	27.08	28.06	23.08	4.98	-63.91
Dividend Per Share, 2 Yr. CAGR %	87.08	34.84	19.52	-29.29	-29.29
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	9.03	11.97	4.14	-6.13	-4.89
Gross Profit, 3 Yr. CAGR %	15.82	16.96	6.99	-3.75	-8.71
EBITDA, 3 Yr. CAGR %	78.16	69.91	1.96	-23.87	-28.07
EBITA, 3 Yr. CAGR %	97.73	85.5	1.31	-27.33	-34.28
EBIT, 3 Yr. CAGR %	99.18	86.36	1.18	-27.31	-34.24
Earnings From Cont. Operations, 3 Yr. CAGR %	145.06	120.36	2.07	-29.3	-39.76
Net Income, 3 Yr. CAGR %	145.06	120.36	2.07	-29.3	-39.76
Normalized Net Income, 3 Yr. CAGR %	149.35	118.85	1.84	-29.02	-40.12
Diluted EPS Before Extra, 3 Yr. CAGR %	145.13	121.75	2.24	-29.12	-39.5
Accounts Receivable, 3 Yr. CAGR %	8.29	10.37	-11	-3.78	-5.14
Inventory, 3 Yr. CAGR %	5.86	8.74	5.13	6.14	8.76
Net Property, Plant and Equip., 3 Yr. CAGR %	7.17	12.91	-1	14.71	9.42
Total Assets, 3 Yr. CAGR %	7.6	10.99	5	7.1	6.1
Tangible Book Value, 3 Yr. CAGR %	13.45	19.04	17.93	9.06	3.92
Common Equity, 3 Yr. CAGR %	12.56	18.09	17.17	8.61	3.59
Cash From Operations, 3 Yr. CAGR %	42.07	24.72	55.44	-70.34	-50.21
Capital Expenditures, 3 Yr. CAGR %	4.77	70.84	38.91	127.47	-9.03
Levered Free Cash Flow, 3 Yr. CAGR %	37.63	3.67	58.18	-6.52	-41.8
Unlevered Free Cash Flow, 3 Yr. CAGR %	32.48	3.02	54.24	-9.3	-33.7
Dividend Per Share, 3 Yr. CAGR %	91.29	71	22.05	-10.61	-20.63
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.74	3.81	1.54	2.54	3.64
Gross Profit, 5 Yr. CAGR %	10.93	10.82	5.03	7.44	2.44
EBITDA, 5 Yr. CAGR %	43.46	72.83	21.47	19.03	-5.23
EBITA, 5 Yr. CAGR %	33.62	234.89	27.03	22.13	-9.07
EBIT, 5 Yr. CAGR %	33.28	181.72	27.3	22.53	-8.92
Earnings From Cont. Operations, 5 Yr. CAGR %	25.6	73.24	41.7	34.35	-12.36
Net Income, 5 Yr. CAGR %	25.6	73.24	41.7	34.35	-12.36
Normalized Net Income, 5 Yr. CAGR %	25.4	58.51	43.87	33.46	-12.78
Diluted EPS Before Extra, 5 Yr. CAGR %	25.43	73.02	41.81	35.07	-12.09
Accounts Receivable, 5 Yr. CAGR %	0.07	2.43	1.51	3.34	-6.34
Inventory, 5 Yr. CAGR %	-0.99	4.79	1.25	8.49	11.26
Net Property, Plant and Equip., 5 Yr. CAGR %	1.79	5.48	5.13	14.21	6.37
Total Assets, 5 Yr. CAGR %	-0.33	4.6	5.79	10.08	6.2
Tangible Book Value, 5 Yr. CAGR %	8.5	12.06	12.29	13.4	11.93
Common Equity, 5 Yr. CAGR %	7.77	11.28	11.56	12.7	11.36
Cash From Operations, 5 Yr. CAGR %	-0.43	-8.09	29.92	-42.16	-22.45
Capital Expenditures, 5 Yr. CAGR %	-14.8	29.43	27.05	74.56	20.49
Levered Free Cash Flow, 5 Yr. CAGR %	-6.49	-15.9	31.91	6.79	-19.7
Unlevered Free Cash Flow, 5 Yr. CAGR %	-5.05	-15.51	28.64	3.8	-13.73
Dividend Per Share, 5 Yr. CAGR %	18.47	-	58.49	20.11	-1.89