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Tree Island Steel Ltd T.TSL

Alternate Symbol(s):  TWIRF

Steel Steel
Tree Island Steel Ltd. is a Canada-based manufacturer and supplier of wire products for a range of applications. The Company, through its operating facilities in Canada and the United States, produces wire products for a diverse range of customers for industrial, residential construction, commercial construction and agricultural applications. Its products include galvanized wire, bright wire; an array of fasteners, including packaged, collated and bulk nails; stucco reinforcing products; concrete reinforcing mesh; fencing and other fabricated wire products. The Company markets its products under the Tree Island, Halsteel, TrueSpec, K-Lath, TI Wire, ToughStrand and ToughPanel brand names. The Company's subsidiary is Tree Island Wire (USA) Inc.


TSX:TSL - Post by User

Tree Island Steel Ltd > Tough Decision
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Comment by Mrguillaumeon Apr 01, 2022 8:14pm
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Post# 34569166

RE:RE:RE:Tough Decision

RE:RE:RE:Tough DecisionYes, Q1 should be interesting.
 
For Q4 2021, net income per share was $2.08 (operating $0.26 and gain on sale $1.82). While $0.26 was lower than Q3 and Q2 it was significantly higher than Q4 2020 which was $0.06.
 
Administrative expenses jumped in Q4 2021 70% over Q4 2020. I assume bonuses etc. But operationally, TSL ended the year very strong.
 
In 2021 steel rebar prices began the year at $4,200 and hit $5,950 in May before ending at $4,550.  So, this volatility didn’t impact TSL meaningfully.

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