Taiga Building Products reports positive Q2, 2024 results

By Taiga Building Products Ltd.
Cision Newswire
August 12, 2024
Category: Finance & Economics
Region: Canada, Canada West

BURNABY, BC — Taiga Building Products reported its financial results for the three and six months ended June 30, 2024. …Sales for the quarter ended June 30, 2024 were $427.8 million compared to $446.9 million over the same period last year. The decrease in sales by $19.1 million or 4% was largely due to selling lower quantities of commodity products. Net earnings for the quarter ended June 30, 2024 decreased to $13.9 million from $17.0 million over the same period last year primarily due to decreased gross margin dollars. EBITDA for the quarter ended June 30, 2024 was $22.7 million compared to $28.0 million for the same period last year. EBITDA decreased primarily due to lower margin dollars earned during the quarter.

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