Taiga Building Products Ltd. announced Tom Stefan, VP Finance and Administration, has left the company for personal and professional reasons, effective February 21, 2013. The The company has appointed Mark Schneidereit-Hsu as Acting VP, Finance and Administration.

Taiga Building Products Ltd. announced unaudited consolidated financial results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported sales of CAD 247,714,000 against CAD 203,050,000 a year ago. Earnings before income taxes were CAD 409,000 against loss before income taxes of CAD 1,756,000 a year ago. Net earnings were CAD 364,000 or CAD 0.01 per share against net loss of CAD 1,743,000 or CAD 0.05 per share a year ago. EBITDA was CAD 7,106,000 against CAD 4,806,000 a year ago. The 22.0% increase in sales was largely due to higher commodity prices and stronger U.S. demand. For the nine months, the company reported sales of CAD 873,147,000 against CAD 744,648,000 a year ago. Earnings before income taxes were CAD 14,880,000 against CAD 8,349,000 a year ago. Net earnings were CAD 10,069,000 or CAD 0.31 per share against net earnings of CAD 5,217,000 or CAD 0.16 per share a year ago. EBITDA was CAD 35,434,000 against CAD 28,404,000 a year ago. The 17.3% increase in sales was largely due to higher commodity prices and stronger U.S. demand.

Taiga Building Products Ltd. board of directors has declared a dividend of $0.0287 per common share. This amount represents the total annual dividend payable of 25% of net earnings in respect of the fiscal year ended March 31, 2012. The dividend will be payable on January 29, 2013 to shareholders of record as of January 22, 2013.