Taiga Building Products (TBL) Q1 2026 earnings summary

Executive summary

• Q1 2026 sales fell 13% to $349 million from $400 million, reflecting lower sales volume across all product groups; gross margin remained steady at $37.5 million.

Financial highlights

• Net earnings declined to $9.0 million from $9.8 million, primarily due to higher finance expense and a slight increase in income tax expense.

• Gross margin was $37.519 million, compared with $37.487 million in Q1 2025; the release cites commodity pricing discipline and improved product mix as supporting factors.

Key financial ratios and metrics

• EBITDA was $17.062 million versus $16.730 million; this non-IFRS measure may not be comparable across issuers and should not replace IFRS net income or cash flows.

• Earnings per share were $0.08, down from $0.09 in Q1 2025.