02:48:08 EDT Wed 16 Jul 2025
Enter Symbol
or Name
USA
CA



Builddirect.com Technologies Inc
Symbol BILD
Shares Issued 42,032,706
Close 2025-03-06 C$ 1.26
Market Cap C$ 52,961,210
Recent Sedar Documents

Builddirect.com seeks $600k (U.S.) in 2025 efficiencies

2025-03-06 17:10 ET - News Release

Mr. Shawn Wilson reports

BUILDDIRECT STREAMLINES PLATFORM OPERATIONS, UNLOCKING US$900,000 IN ANNUALIZED SAVINGS

Builddirect.com Technologies Inc. has implemented a new operational streamlining strategy aimed at enhancing business efficiency and improving profitability. This initiative is expected to generate approximately $600,000 (U.S.) in savings in 2025, with an annualized impact of $900,000 (U.S.).

As part of its continuing commitment to financial discipline and sustainable growth, Builddirect has taken steps to consolidate certain functions across the business to streamline platform operations, optimize resource allocation and enhance automation. These efforts align with the company's broader strategy to drive efficiency, drive margin expansion and strengthen its competitive position in the flooring material sector.

"By refining our operational structure and leveraging technology-driven efficiencies, we aim to enhance our ability to deliver value to both our customers and shareholders," said Shawn Wilson, chief executive officer at Builddirect. "These cost-saving initiatives intend to position us for stronger financial performance while ensuring our corporate platform is well equipped to drive both organic and acquisitive growth."

The projected savings will contribute to Builddirect's long-term growth strategy, which aims to ensure the company remains well positioned to navigate industry trends, while reinforcing its financial resilience. The company will continue to evaluate additional opportunities to improve operational efficiency and drive sustainable profitability.

About Builddirect.com Technologies Inc.

Builddirect is a growing omnichannel building material retailer. Builddirect connects North American home improvement business-to-business and business-to-consumer organizations, and homeowners with quality building materials and services through its robust global supply chain network. Builddirect's growth trajectory, strong product offering and proprietary heavyweight delivery network are delivering value today, solidifying its position as an innovative player in the home improvement industry.

We seek Safe Harbor.

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