Lower Selling Prices Decrease Taiga Sales

Taiga Building Products Ltd. had consolidated net sales of $400.8 million for the fourth quarter of 2022, down from net sales of $412.5 million in the fourth quarter of 2021. The decrease was largely due to lower selling prices on commodity products. Gross margin for the quarter was $49.4 million, down from $54.3 million over the prior-year quarter. Net earnings were $9.7 million compared to $10.3 million over the same quarter last year and earnings before taxes were $17.2 million compared to $17.4 million last year.