Taiga posts Q4, annual declines

Taiga Building Products reported Q4 net sales of $367.7 million, down by $33.1 million from $400.8 million a year earlier. Net earnings fell to $9.4 million from $9.7 million. Sales for the year amounted to $1.68 billion, compared to $2.19 billion in 2022, a decline attributed to lower selling prices for commodity products. Annual net earnings of $61.3 million marked a drop from $88.6 million in the prior year.