Last C$0.85 CAD
Change Today +0.02 / 2.41%
Volume 8.0K
TBL On Other Exchanges
Symbol
Exchange
OTC US
As of 10:38 AM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

taiga building products ltd (TBL) Snapshot

Open
C$0.85
Previous Close
C$0.83
Day High
C$0.85
Day Low
C$0.85
52 Week High
03/5/14 - C$0.98
52 Week Low
07/17/14 - C$0.79
Market Cap
27.6M
Average Volume 10 Days
6.5K
EPS TTM
C$0.35
Shares Outstanding
32.4M
EX-Date
01/18/13
P/E TM
2.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for TAIGA BUILDING PRODUCTS LTD (TBL)

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taiga building products ltd (TBL) Details

Taiga Building Products Ltd. operates as a wholesale distributor of building products in Canada and the United States. It offers dimension lumber; panel products, including plywood, particle board, medium density fiber board, and oriented strand board; and allied and treated products, such as roofing materials, moldings, composite decking, polyethylene sheeting, batt and foam insulation, flooring, engineered wood, and treated wood for use in home construction and renovation. The company distributes building products through 15 distribution centers in Canada and 2 distribution centers in the United States to other building products retailers, building supply yards, and industrial manufacturers. It is also involved in the production of pressure-treated wood products in Canada. In addition, Taiga Building Products Ltd. exports its products to various markets in Asia, Central and South America, and the Middle East. The company was formerly known as Taiga Forest Products Ltd. Taiga Building Products Ltd. was founded in 1973 and is headquartered in Burnaby, Canada.

492 Employees
Last Reported Date: 06/27/14
Founded in 1973

taiga building products ltd (TBL) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$221.1K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$145.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: C$180.0K
Chief Procurement Officer and Executive Vice ...
Total Annual Compensation: C$180.0K
Compensation as of Fiscal Year 2014.

taiga building products ltd (TBL) Key Developments

Taiga Building Products Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

Taiga Building Products Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2014. Sales for the quarter ended December 31, 2014 were CAD 296.1 million compared to CAD 264.1 million in the same period last year. The 12% increase in sales was primarily the result of stronger demand in all major markets, especially in Canada. Gross margin for the quarter ended December 31, 2014 increased to CAD 24.2 million from CAD 20.8 million over the same period last year. Gross margin percentage for the quarter increased to 8.2% compared to 7.9% in the same period last year. The gross margin percentage from last year's third quarter was negatively impacted by the increase in inventory reserve related to mark to market adjustments. Taiga's net earnings for the quarter ended December 31, 2014 increased to CAD 0.4 million from a loss of CAD 0.5 million over the same period last year. EBITDA for the quarter ended December 31, 2014 was CAD 7.5 million compared to CAD 6.5 million for the same period last year. Earnings before income taxes were CAD 889,000 against loss of CAD 89,000 a year ago. Net earnings per share were CAD 0.01 against net loss per share of CAD 0.02 a year ago. Sales for the nine months ended December 31, 2014 were CAD 1,054.4 million compared to CAD 944.8 million over the same period last year. The increase in sales by CAD 109.6 million or 12% was primarily the result of stronger demand in all major markets. In addition, the first quarter's sales were positively impacted by the release of pent-up customer demand arising from the severe winter conditions experienced in the previous fiscal year. Gross margin for the nine months ended December 31, 2014 increased to CAD 91.7 million from CAD 75.9 million over the same period last year. Gross margin percentage for the nine months increased to 8.7% compared to 8.0% over the same period last year. The gross margin percentage was lower in last year's period due to a steep decline in commodity prices. Net earnings for the nine months period ended December 31, 2014 were CAD 11.6 million compared to CAD 5.0 million for the same period last year. EBITDA for the nine months ended December 31, 2014 increased to CAD 37.4 million compared to CAD 28.8 million for the same period last year. Earnings before income taxes were CAD 17,242,000 against CAD 8,186,000 a year ago. Net earnings per share were CAD 0.36 against CAD 0.15 a year ago.

Taiga Building Products Ltd. Announces Executive Changes

Taiga Building Products Ltd. announced that its Board of Directors has approved a succession plan for members of Taiga's senior management. Effective March 31, 2015, Cam White will step down as CEO. Taiga announced that Trent Balog, currently Taiga's Executive Vice President Operations and COO, will be assuming the position of CEO effective March 31, 2015. Senior Executive Team reporting to the CEO was Grant Sali will continue to lead the procurement side of the business. Grant is a Taiga and industry veteran who has been with the company since 1990 holding a number of roles including branch manager, Vice President of US Operations and Treated Wood and most recently EVP, Supply. Mark will continue to lead the accounting, finance, HR and IT functions for the business. Mark has been with the company since 2005 and has held a number of roles with increasing responsibility. Mark is an MBA and a CPA, CMA and has held the role of CFO since 2013. Prior to becoming CFO Mark held the position of Manager, Corporate Planning. Russ will assume the role of leading the branch operations of the business. Russ holds an MBA and has been with Taiga since September 2008. He has previously held the roles of General Manager – Engineered Wood Products, Vice President - Western Canada and most recently Vice President - Prairie Operations, Envirofor Preservers and US Operations.

Taiga Building Products Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2014

Taiga Building Products Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2014. For the quarter, sales were CAD 383.6 million compared to CAD 344.9 million in the same period last year. The 11% increase in sales was primarily the result of higher lumber price and increased sales from California operations. Earnings before income taxes were CAD 7.0 million compared to CAD 5.9 million in the same period last year. Taiga's net earnings for the quarter ended September 30, 2014 increased to CAD 5.7 million from CAD 4.0 million over the same period last year. EBITDA for the quarter ended September 30, 2014 was CAD 13.7 million compared to CAD 12.7 million for the same period last year. Net earnings per share were CAD 0.17 against CAD 0.12 last year. For the six months, sales were CAD 758.3 million compared to CAD 680.7 million over the same period last year. The increase in sales by CAD 77.6 million or 11% was largely due to higher sales from US and export operations selling into the United States and Asian markets. In addition, the first quarter's sales were positively impacted by the release of pent-up customer demand created by the severe winter conditions experienced in the previous fiscal year. Earnings before income taxes were CAD 16.4 million compared to CAD 8.3 million in the same period last year. Net earnings for the six months ended September 30, 2014 were CAD 11.2 million compared to CAD 5.5 million for the same period last year. EBITDA for the six months ended September 30, 2014 increased to CAD 29.9 million compared to CAD 22.3 million for the same period last year. Net earnings per share were CAD 0.35 against CAD 0.17 last year.

 

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TBL Competitors

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Company Last Change
Deltic Timber Corp $66.18 USD -0.07
Plum Creek Timber Co Inc $43.44 USD +0.11
Rayonier Inc $27.41 USD +0.31
St Joe Co/The $16.99 USD -0.22
Universal Forest Products Inc $54.05 USD +0.04
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Industry Analysis

TBL

Industry Average

Valuation TBL Industry Range
Price/Earnings 2.2x
Price/Sales 0.0x
Price/Book NM Not Meaningful
Price/Cash Flow 2.2x
TEV/Sales -- Not Meaningful
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