Nov. 14, 2022
Selling Prices Increase Taiga Results
Taiga Building Products Ltd. sales of $533.1 million for the third quarter of 2022, an increase of 10 per cent compared to sales of $484.6 million in the third quarter of 2021. The increase was largely due to higher selling prices for commodity products. Gross margin for the quarter increased to $63.8 million from $7.6 million year over year. Th company had net earnings of $18.6 million compared to a loss of $5.2 million in the year-ago period. Earnings before taxes were $29.8 million compared to a loss of $1.8 million last year. This increase was primarily due to higher margin earned during the quarter.