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Taiga Building Prod ( (TSE:TBL) ) has issued an announcement.
Taiga Building Products Ltd. reported its fiscal 2024 financial results, revealing a decline in annual sales to $1,634.4 million from $1,679.7 million in the previous year, primarily due to lower volumes of commodity products sold. Despite a slight increase in fourth-quarter sales driven by higher commodity prices, the company experienced a decrease in gross margin and net earnings for both the quarter and the full year, attributed to higher product costs and increased taxes.
More about Taiga Building Prod
Taiga Building Products Ltd. operates in the building materials industry, focusing on the distribution and sale of commodity products.
YTD Price Performance: 1.82%
Average Trading Volume: 5,071
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$423.1M
Find detailed analytics on TBL stock on TipRanks’ Stock Analysis page.
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