Canadian wire products maker Tree Island Steel's Q3 revenue rises on domestic sales growth, higher prices

Tree Island Steel

10/11/2026 22:12

Overview
Canada wire products maker's Q3 revenue rose 18% yr/yr, driven by Canadian sales and higher prices
Q3 adjusted EBITDA increased from prior year
Company posted a smaller net loss than in Q3 2025

Outlook
Company says it will focus on expanding Canadian market share and disciplined pricing
Tree Island Steel aims to recover higher material costs through pricing strategies

Result Drivers
CANADIAN SALES AND PRICING - Co said Q3 revenue growth was driven by increased Canadian sales and higher average selling prices
COST RECOVERY - Higher selling prices helped offset increased raw material costs
TARIFFS AND PRODUCT MIX - Co said US tariffs and withdrawal from unprofitable product lines reduced US sales, but Canadian growth offset this

Company press release: ID:nGNXbv2j1K

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
C$45.60 mln
 
Q3 Loss Per Share
 
C$0.01
 
Q3 Net Loss
 
C$380,000
 
Q3 Adjusted EBITDA
 
C$1.72 mln
 
Q3 Gross Profit
 
C$3.24 mln
 
Q3 Operating Income
 
C$278,000
 
Q3 Pretax Loss
 
C$380,000
 

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Nov 9 - Canada says it is extending tariff relief on some US imports 

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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.)