BURNABY, BC, May 8, 2026 /CNW/ - Taiga Building Products Ltd. ("Taiga" or the "Company") today reported 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 to $400 million over the same period last year. The decrease in sales of $51 million or 13% 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 $9.0 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 for the quarter ended March 31, 2026 was $17.1 million compared to $16.7 million for the same period last year.

Condensed Consolidated Statement of Earnings

For the Three Months Ended

March 31,

(in thousands of Canadian dollars, except for per share amounts)