TAIGA (TBL) ANNOUNCES LOWER SALES FROM LOWER COMMODITY PRICES
BURNABY, BC, August 7, 2026 – Taiga Building Products Ltd. (“Taiga” or the “Company”) today reported its financial results for the three and six months ended June 30, 2026 and 2025.
Second Quarter Ended June 30, 2026 Earnings Results
The Company’s consolidated net sales for the quarter ended June 30, 2026 were $426.6 million compared to $441.0 million over the same period last year. The decrease in sales of $14.4 million or 3% was largely due to a lower average pricing as well as product mix over the quarter.
Gross margin for the quarter ended June 30, 2026 increased to $50.2 million compared to $49.2 million over the same period last year. Gross margin percentage was 11.8% for the three months ended June 30, 2026 compared to 11.2% over the same period last year due to the strong performance of the Company’s US division.
Net earnings for the quarter ended June 30, 2026 increased to $16.1 million from $15.1 million over the same period last year, primarily due to increased gross margin dollars and lower selling and administration expenses.
EBITDA for the quarter ended June 30, 2026 was $25.3 million compared to $23.5 million for the same period last year.
Six Months Ended June 30, 2026 Earnings Results
The Company’s consolidated net sales for the six months ended June 30, 2026 were $775.8 million compared to $840.9 million over the same period last year. The decrease in sales of $65.1 million or 8% was largely due to a lower average pricing as well as product mix.
Gross margin for the six months ended June 30, 2026 increased to $87.7 million from $86.7 million over the same period last year.
Net earnings for the six months ended June 30, 2026 increased to $25.1 million from $24.9 million over the same period last year, primarily due to increased gross margin dollars.
EBITDA for the six months ended June 30, 2026 was $42.3 million compared to $40.3 million for the same period last year.
The foregoing selected financial information is qualified in its entirety by and should be read in conjunction with, our unaudited condensed interim consolidated financial statements for the three and six months ended June 30, 2026 and accompanying notes and management’s discussion and analysis which will be available shortly on SEDAR+ at www.sedarplus.ca.
For further information regarding Taiga, please contact:
Mark Schneidereit-Hsu
CFO and VP, Finance & Administration
Tel: 604.438.1471
Email: mschneidereit@taigabuilding.com
Attachment: https://www.taigabuilding.com/wp-content/uploads/2026/08/Press-Release-FY2026-Q2-FINAL.pdf