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Taiga Building Products Ltd T.TBL

Alternate Symbol(s):  TGAFF

Taiga Building Products Ltd is a Canada-based independent wholesale distributor of building products in Canada and the United States. The Company operates within two reportable geographic areas, Canada and the United States. It owns and operates four wood preservation plants that produce pressure treated wood products. Its product categories include composite decking, engineered wood, fencing, flooring, insulation, lumber, moldings, panels, preserved wood, roofing, and siding. The Company offers a selection of engineered wood products and related accessories. It provides a range of lightweight, easy-to-install fencing products for home or commercial use. It produces and distributes a variety of luxury vinyl and laminate flooring products, along with essential supplies and accessories. It also specializes in distributing eastern and western Canadian dimensions of various wood, including Spruce, Pine, Fir (SPF) lumber, Douglas fir lumber, and fir/larch in less than carload (LCL) volumes.


TSX:TBL - Post by User

Post by downwithdotcom1on May 06, 2022 5:50pm
253 Views
Post# 34663640

2022 Q1 results out..earned 37 cents /share..

2022 Q1 results out..earned 37 cents /share..
ONLY ONE QUESTION: WHERE"S MY SPECIAL DIVIDEND?????
see results below...dwdc


First Quarter Ended March 31, 2022 Earnings Results

The Company's consolidated net sales for the quarter ended March 31, 2022 were $612.7 million compared to $535.9 million over the same period last year. The increase in sales by $76.8 million or 14% was largely due to increased selling prices for commodity products.

Gross margin for the quarter ended March 31, 2022 increased to $108.9 million from $90.4 million over the same period last year. The increase in gross margin was primarily due to rising commodity prices during the quarter.

Net earnings for the quarter ended March 31, 2022 increased to $39.5 million from $29.2 million over the same period last year primarily due to increased gross margin.

EBITDA for the quarter ended March 31, 2022 was $58.6 million compared to $45.1 million for the same period last year.

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