Taiga Building Products Ltd. reported a Q1 sales increase of $6.3 million, due to higher than average pricing as well as product mix. Total sales were $400.0 million, up from $393.6 million in 2023.
Gross margin for the quarter fell to $37.5 million from $42.0 million over the same period last year. The company stated that the decrease in gross margin was primarily driven by economic factors such as a more challenging selling condition as well as foreign exchange fluctuations.
Net earnings for the quarter decreased to $9.8 million from $12.8 million over the same period last year, primarily due to decreased gross margin.
