Taiga’s Q1 sales grow 17%

BURNABY, BC, August 3rd, 2017 - Taiga Building Products Ltd. (“Taiga” or the “Company”) today reported its financial results for the three months ended June 30, 2017.

First Quarter Ended June 30, 2017 Earnings Results

Sales for the first quarter increased to $379.8 million from $325.5 million over the same quarter last year.

Gross margin dollars for the first quarter increased to $33.7 million compared to $31.4 million in the same quarter last year.  Gross margin percentage for the first quarter was 8.9% compared to 9.7% in the same quarter last year. 

Taiga’s net earnings for the quarter ended June 30, 2017 increased to $5.0 million from $4.8 million over the same period last year.

EBITDA for the quarter ended June 30, 2017 was $14.3 million compared to $13.5 million for the same period last year.   

See attached PDF for complete press release and statement of earnings.

For further information:

Mark Schneidereit-Hsu, CFO and VP, Finance & Administration, Tel: 604.438.1471, Email: mschneidereit@taigabuilding.com