BURNABY, BC, Aug. 8, 2025 /CNW/ – Taiga Building Products Ltd. (“Taiga” or the “Company”) today reported its financial results for the three and six months ended June 30, 2025 and 2024.
Second Quarter Ended June 30, 2025 Earnings Results
The Company’s sales for the quarter ended June 30, 2025 were $441.0 million compared to $427.8 million over the same period last year. The increase in sales by $13.1 million or 3% was largely due to a higher average pricing as well as product mix over the quarter.
Gross margin for the quarter ended June 30, 2025 increased to $49.2 million from $44.5 million over the same period last year. The percentage of gross margin was 11.2% for the three months ended June 30, 2025 compared to 10.4% over the same period last year. The increase in gross margin dollars was primarily driven by the increased net sales.
Net earnings for the quarter ended June 30, 2025 increased to $15.1 million from $13.9 million over the same period last year primarily due to increased gross margin dollars.
EBITDA for the quarter ended June 30, 2025 was $23.5 million compared to $22.7 million for the same period last year. EBITDA increased primarily due to higher margin dollars earned during the quarter.
Six Months Ended June 30, 2025 Earnings Results
The Company’s consolidated net sales for the six months ended June 30, 2025 were $840.9 million compared to $821.5 million over the same period last year. The increase in sales by $19.5 million or 2% was largely due to a higher average pricing as well as product mix.
Gross margin for the six months ended June 30, 2025 increased to $86.7 million from $86.5 million over the same period last year.
Net earnings for the six months ended June 30, 2025 decreased to $24.9 million from $26.7 million over the same period last year primarily due to increased selling and administrative expenses.
EBITDA for the six months ended June 30, 2025 was $40.3 million compared to $42.5 million for the same period last year.
Condensed Consolidated Statement of Earnings
For the Three Months Ended
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June 30, |
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(in thousands of Canadian dollars, except for per share amounts) |
2025 |
2024 |
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Sales |
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