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TAIGA (TBL) ANNOUNCES LOWER SALES FROM LOWER COMMODITY PRICES
Second Quarter Ended June 30, 2026 Earnings Results
The Company's consolidated net sales for the quarter ended June 30, 2026 were $426.6 million compared to $441.0 million over the same period last year. The decrease in sales of $14.4 million or 3% was largely due to a lower average pricing as well as product mix over the quarter.
Gross margin for the quarter ended June 30, 2026 increased to $50.2 million compared to $49.2 million over the same period last year. Gross margin percentage was 11.8% for the three months ended June 30, 2026 compared to 11.2% over the same period last year due to the  strong performance of the Company's US division.
Net earnings for the quarter ended June 30, 2026 increased to $16.1 million from $15.1 million over the same period last year, primarily due to increased gross margin dollars and lower selling and administration expenses.
EBITDA for the quarter ended June 30, 2026 was $25.3 million compared to $23.5 million for the same period last year.
Six Months Ended June 30, 2026 Earnings Results
The Company's consolidated net sales for the six months ended June 30, 2026 were $775.8 million compared to $840.9 million over the same period last year. The decrease in sales of $65.1 million or 8% was largely due to a lower average pricing as well as product mix.Â
Gross margin for the six months ended June 30, 2026 increased to $87.7 million from $86.7 million over the same period last year.Â
Net earnings for the six months ended June 30, 2026 increased to $25.1 million from $24.9 million over the same period last year, primarily due to increased gross margin dollars.
EBITDA for the six months ended June 30, 2026 was $42.3Â million compared to $40.3 million for the same period last year.
For the Three Months Ended
The following is the reconciliation of net earnings to EBITDA:Â Â
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 and six months ended June 30, 2026 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_490258051/2197/2026-08-07T17:00:00