Taiga Building Prod (TSE:TBL) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Taiga Building Products reported a 7% decline in third-quarter sales, primarily due to reduced commodity product sales, with total revenue dropping to $423.9 million. The company’s net earnings also fell to $14.3 million from $21.4 million last year, reflecting decreased gross margins. For the nine-month period, sales and net earnings were similarly impacted, showing a 5% and 21% decline, respectively.
For further insights into TSE:TBL stock, check out TipRanks’ Stock Analysis page.