Business
TAIGA (TBL) REPORTS FISCAL 2025 RESULTS IMPACTED BY DECLINE IN COMMODITY SALES AND ONE-OFF IMPAIRMENT
Taiga Building Products Ltd. ("Taiga" or the "Company") today reported its financial results for the year ended December 31, 2025.
About this update from Taiga Building Products Ltd.
[{"type":"text","content":"BURNABY, BC, Feb. 27, 2026 /CNW/ - Taiga Building Products Ltd. ("Taiga" or the "Company") today reported its financial results for the year ended December 31, 2025.","length":185,"tagName":"p"},{"type":"image","alt":"Taiga Building Products Ltd. Logo (CNW Group/Taiga Building Products Ltd.)","displaySize":"","headline":null,"caption":"Taiga Building Products Ltd. Logo (CNW Group/Taiga Building Products Ltd.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":139,"url":"https://media.zenfs.com/en/cnwgroup.com/e511a3044298b8baa33ba3fc9e8fc9fe"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ezOUketk4mELKjxbUT0X2A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI0NTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/e511a3044298b8baa33ba3fc9e8fc9fe","width":400,"height":139}},"href":"https://mma.prnewswire.com/media/2922550/Taiga_Building_Products_Ltd__TAIGA__TBL__REPORTS_FISCAL_2025_RES.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Fourth Quarter Ended December 31, 2025 Earnings Results","length":55,"tagName":"p"},{"type":"text","content":"The Company's consolidated net sales for the quarter ended December 31, 2025 were $359.6 million compared to $389.0 million in the same quarter last year. The decrease in sales by $29.4 million or 8% was largely due to lower average lumber prices and a decline in sales volume during the quarter.","length":300,"tagName":"p"},{"type":"text","content":"Gross margin for the quarter ended December 31, 2025 increased to $41.4 million from $41.3 million in the same quarter last year . Gross margin percentage rose to 11.5% from 10.6% over the same period last year. The increase in gross margin dollars was primarily driven by lower product costs during the quarter.","length":312,"tagName":"p"},{"type":"text","content":"Net earnings for the quarter ended December 31, 2025 decreased to a loss of $9.1 million, compared to net income of $6.6 million in the same period last year, primarily due to a $20.5 million non-cash write-off of goodwill and intangible assets related to Taiga's subsidiary in Washington State. The impairment is related to a decline in housing market activity in the US. While the write‑down reflects current market conditions, management continues to believe in the long‑term fundamentals of the operation and expe...