Taiga Building Products Ltd. ("Taiga" or the "Company") today reported its financial results for the three months ended March 31, 2025 and 2024.

First Quarter Ended March 31, 2025 Earnings Results

The Company's consolidated net sales for the quarter ended March 31, 2025 were $400.0 million compared to $393.6 million over the same period last year. The slight increase in sales by $6.3 million or 2% was largely due to a higher average pricing as well as product mix. 

Gross margin for the quarter ended March 31, 2025 decreased to $37.5 million from $42.0 million over the same period last year. The decrease in gross margin was primarily driven by economic factors such as a more challenging selling condition as well as foreign exchange fluctuations. 

Net earnings for the quarter ended March 31, 2025 decreased to $9.8 million from $12.8 million over the same period last year primarily due to decreased gross margin.

EBITDA for the quarter ended March 31, 2025 was $16.7 million compared to $19.8 million for the same period last year.

The following is the reconciliation of net earnings to EBITDA:

The foregoing selected financial information is qualified in its entirety by and should be read in conjunction with, our unaudited condensed interim consolidated financial statements for the three months ended March 31, 2025 and accompanying notes and management's discussion and analysis which will be available shortly on SEDAR+ at www.sedarplus.ca.

SOURCE Taiga Building Products Ltd.

SOURCE: Taiga Building Products Ltd.

For further information regarding Taiga, please contact: Mark Schneidereit-Hsu, CFO
and VP, Finance & Administration, Tel: 604.438.1471, Email:
mschneidereit@taigabuilding.com

COMTEX_465361539/2197/2025-05-09T17:00:00