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Avarga Limited ( (SG:X5N) ) has shared an announcement.
Taiga Building Products reported first-quarter 2026 net sales of $349 million, down 13% from a year earlier, as sales volumes declined across all product groups. Despite the revenue drop, gross margin held essentially flat at $37.5 million, reflecting continued pricing discipline and an improved product mix.
Net earnings eased to $9.0 million from $9.8 million, pressured by higher finance costs and a modest rise in income tax expense, while earnings per share slipped to $0.08. EBITDA edged up to $17.1 million from $16.7 million, signaling resilient underlying operating performance even as top-line pressures and financing expenses weighed on headline profits.
More about Avarga Limited
Taiga Building Products Ltd. is a Canadian distributor of building materials, supplying a broad range of lumber and related products to the construction and renovation markets. The company focuses on disciplined commodity pricing and product mix management to support stable margins despite fluctuations in sales volumes.
Average Trading Volume: 23,125
Technical Sentiment Signal: Buy
Current Market Cap: S$142.6M
For an in-depth examination of X5N stock, go to TipRanks’ Overview page.