Tree Island Steel Q2 revenue rises on Canadian sales growth

Tree Island Steel

13/08/2026 22:40

Overview
Canada wire products maker's Q2 revenue rose 8.3% yr/yr, driven by Canadian sales growth
Q2 gross profit and adjusted EBITDA fell yr/yr due to lower U.S. sales and reduced production
Company implemented price increases to recover higher raw material costs

Outlook
Company did not provide specific financial guidance for the current or future periods in the press release

Result Drivers
CANADIAN SALES GROWTH - Co said Q2 revenue increase was driven by growth in Canadian sales, mainly in agricultural and industrial segments
LOWER U.S. SALES - Co said lower U.S. sales volumes due to tariffs and withdrawal from unprofitable product lines weighed on gross profit and EBITDA
PRICE INCREASES - Co implemented price increases to recover higher raw material costs, per COO Nancy Davies

Company press release: ID:nGNX4ZDmW5

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
C$48.55 mln
 
Q2 Loss Per Share
 
C$0.01
 
Q2 Net Loss
 
C$200,000
 
Q2 Adjusted EBITDA
 
C$1.80 mln
 
Q2 Gross Profit
 
C$3.52 mln
 
Q2 Operating Income
 
C$696,000
 
Q2 Pretax Loss
 
C$200,000
 

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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.)