Taiga Building Prod (TSE:TBL) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Taiga Building Products Ltd. reported a slight decline in its first quarter earnings for 2024, with net sales decreasing by 4% to $393.6 million, primarily due to lower commodity sales volumes. Gross margin and net earnings also fell, with gross margin down to $42.0 million and net earnings to $12.8 million, compared to the prior year. The overall EBITDA for the quarter was $19.8 million, showing a decrease from $22.5 million last year.
For further insights into TSE:TBL stock, check out TipRanks’ Stock Analysis page.