Taiga Building Products (TBL) Q2 2026 earnings summary

Executive summary

• Q2 sales declined 3% YoY to C$426.6m on lower average pricing and product mix; net earnings rose to C$16.1m and EBITDA to C$25.3m.

• H1 sales fell 8% YoY to C$775.8m, while net earnings increased to C$25.1m and EBITDA to C$42.3m.

Financial highlights

• Q2 gross margin increased to C$50.2m from C$49.2m; selling and administration expense declined to C$19.9m from C$21.4m.

• H1 gross margin rose to C$87.7m from C$86.7m; selling and administration expense decreased to C$35.3m from C$37.0m.

• H1 finance expense increased to C$3.0m from C$1.0m, while earnings before income taxes rose to C$33.0m from C$32.7m.

Segment performance

• Strong performance in the US division supported Q2 gross margin percentage growth; gross margin reached 11.8% versus 11.2% YoY.