Canada's Tree Island Steel Q3 revenue drops due to U.S. tariffs

Tree Island Steel

13/11/2025 22:40

Overview

Tree Island Q3 revenue fell due to U.S. tariffs, impacting sales to the U.S.

Adjusted EBITDA improved to C$0.2 mln from C$6 thousand last year

Net loss widened to C$2.1 mln from C$1.8 mln in Q3 2024

Outlook

Tree Island Steel did not provide specific future guidance in its press release

Result Drivers

U.S. TARIFFS - Co says U.S. tariffs reduced sales to the U.S., impacting revenue

CANADIAN SALES - Increased sales within Canada partially mitigated impact of U.S. tariffs

COST MANAGEMENT - Headcount and cost reductions improved adjusted EBITDA despite lower production volumes

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
C$38.72 mln
Q3 EPS
-C$0.08
Q3 Net Income
-C$2.14 mln
Q3 Adjusted EBITDA
C$201,000
Q3 Gross Profit
C$1.81 mln
Q3 Operating Income
-C$1.1 mln
Q3 Pretax Profit
-C$2.14 mln


Press Release: ID:nGNX4pC70w

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)