Taiga Building Prod (TSE:TBL) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
