High interest rates and uncertain economic conditions negatively impacted the third quarter performance of Lumber Depot Limited.
After meeting tax obligations, the company made $28.5 million for the three months up to January, compared with $35.7 million for the similar period in 2022.
Lumber Depot's revenues were also lower at $372.9 million.
That's $27.3 million down from the corresponding period last year, when the company made $400.2 million.
Supply chain challenges which led to the unavailability of some hardware items, and a spike in commodity prices at the beginning of the year also affected the company's results.
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