TAIGA (TBL) ANNOUNCES IMPROVED THIRD QUARTER RESULTS FOR 2026
BURNABY, BC, November 6, 2026 – Taiga Building Products Ltd. (“Taiga” or the “Company”) today reported its financial results for the three and nine months ended September 30, 2026 and 2025.
Third Quarter Ended September 30, 2026 Earnings Results
The Company’s consolidated net sales for the quarter ended September 30, 2026 were $433.0 million compared to $431.3 million over the same period last year. The increase in sales of $1.7 million or 0.4% was largely due to changes in product mix during the quarter.
Gross margin for the quarter ended September 30, 2026 increased to $49.3 million compared to $48.2 million over the same period last year. Gross margin percentage was 11.4% for the three months ended September 30, 2026, a slight increase compared to 11.2% in the same period last year. The increase is attributable to the slight increase in net sales.
Net earnings for the quarter ended September 30, 2026 increased to $13.2 million from $12.8 million over the same period last year. The increase was driven by the higher gross margin dollars with lower administrative and financing expenses. A higher income tax expense this quarter partially offsets the increase in net earnings.
EBITDA for the quarter ended September 30, 2026 was $22.4 million compared to $21.8 million for the same period last year.
Nine Months Ended September 30, 2026 Earnings Results
The Company’s consolidated net sales for the nine months ended September 30, 2026 were $1,208.8 million compared to $1,272.2 million over the same period last year. The decrease in sales of $63.4 million or 5% was largely due to lower average pricing and lower sales volumes.
Gross margin for the nine months ended September 30, 2026 was $137.0 million, up from $134.9 million in the same period last year, and gross margin percentage improved to 11.3% from 10.6%. The improvement reflects greater efficiency in cost of sales, despite lower sales volume.
Net earnings for the nine months ended September 30, 2026 rose to $38.3 million from $37.7 million in the same period last year, driven primarily by higher gross margin dollars.
EBITDA for the nine months ended September 30, 2026 was $64.7 million compared to $62.1 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 nine months ended September 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/2026/11/Press-Release-FY2026-Q3-FINAL.pdf