Taiga Building Products earns $8.97-million in Q1

Mr. Mark Schneidereit-Hsu reports TAIGA'S (TBL) FIRST QUARTER RESULTS IMPACTED BY DECREASE IN SALES Taiga Building Products Ltd. has released its financial results for the three months ended March 31, 2026. First quarter ended March 31, 2026, earnings results The company's consolidated net sales for the quarter ended March 31, 2026, were $349-million, compared with $400-million over the same period last year. The decrease in sales of $51-million, or 13 per cent, was due to an overall reduction in sales volume amongst all product groups. Gross margin for the quarter ended March 31, 2026, remained steady at $37.5-million as last year. This consistency was largely driven by the company's continued focus on commodity pricing discipline as well as improvements in product mix. Net earnings for the quarter ended March 31, 2026, decreased to $9-million from $9.8-million over the same period last year, primarily due to higher finance expenses and a slight increase in income tax expense. EBITDA (earnings before interest, taxes, depreciation and amortization) for the quarter ended March 31, 2026, was $17.1-million, compared with $16.7-million for the same period last year. The foregoing selected financial information is qualified in its entirety by and should be read in conjunction with the company's unaudited condensed interim consolidated financial statements for the three months ended March 31, 2026, and accompanying notes and management discussion and analysis, which will be available shortly on SEDAR+.