Bullboard - Stock Discussion Forum 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... see more

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TSX:TBL - Post Discussion

Taiga Building Products Ltd > wow...blowout Q1..27 cents/share

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Post by downwithdotcom1 on May 07, 2021 7:34pm

wow...blowout Q1..27 cents/share

Q1 earnings 27 cents/share..see below from their NR..dwdc
"The Company's consolidated net sales for the quarter ended March 31, 2021 were $535.9 million compared to $320.3 million over the same period last year. The increase in sales by $215.6 million or 67% was largely due to increased selling prices for commodity products.

Gross margin for the quarter ended March 31, 2021 increased to $90.4 million from $30.6 million over the same period last year. The increase in gross margin was primarily due to rising commodity prices during the quarter."

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Comment by TradeTracer on May 08, 2021 1:34pm

Where did you find this news release? I tried their website, Google and other websites but couldn't come up with anything? I remember having a similar problem when they announced their special dividend as well... Update: Found it on Yahoo Looks awesome, their net earnings for the quarter could wipe the rest of the debt ;)

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