Last C$0.88 CAD
Change Today -0.02 / -2.22%
Volume 6.2K
TBL On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 1:38 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

taiga building products ltd (TBL) Snapshot

Open
C$0.90
Previous Close
C$0.90
Day High
C$0.90
Day Low
C$0.88
52 Week High
05/3/13 - C$1.05
52 Week Low
06/25/13 - C$0.68
Market Cap
28.5M
Average Volume 10 Days
6.5K
EPS TTM
C$0.16
Shares Outstanding
32.4M
EX-Date
01/18/13
P/E TM
5.5x
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 fibre 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 primarily to building supply dealers and industrial manufacturers. It is also involved in the production of pressure-treated wood products in Canada. The company was formerly known as Taiga Forest Products Ltd. and changed its name to Taiga Building Products Ltd. in September 2005. Taiga Building Products Ltd. was founded in 1973 and is headquartered in Burnaby, Canada.

484 Employees
Last Reported Date: 06/20/13
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$7.3K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: C$180.0K
Executive Vice President of Supply Management
Total Annual Compensation: C$180.0K
Compensation as of Fiscal Year 2013.

taiga building products ltd (TBL) Key Developments

Taiga Building Products Ltd. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013

Taiga Building Products Ltd. announced unaudited consolidated earnings results for the third quarter and nine months Ended December 31, 2013. For the quarter, the company reported sales of $264,081,000 against $247,714,000 a year ago. The increase in sales by $16.4 million or 6.6% was largely due to higher sales from US operations as well as higher average lumber prices. Loss before income taxes was $89,000 against income before income taxes of $409,000 a year ago. Net loss was $515,000 against net income of $364,000 a year ago. Net loss per share was $0.02 against net income per share of $0.01 a year ago. EBITDA was $6,483,000 against $7,106,000 a year ago. For the nine months, the company reported sales of $944,808,000 against $873,147,000 a year ago. The 8.2% increase in sales was largely due to higher sales from US and export operations selling into the United States and Asian markets as well as higher average lumber prices. Earnings before income taxes were $8,186,000 against $14,880,000 a year ago. Net earnings were $4,972,000 against net income of $10,069,000 a year ago, primarily due to lower gross margin dollars and higher selling and administrative expenses. Net income per share was $0.15 against $0.31 a year ago. EBITDA was $28,806,000 against $35,434,000 a year ago, primarily due to lower net earnings.

Taiga Building Products Ltd. Renews its Senior Secured Revolving Credit Facility

Taiga Building Products Ltd. has renewed its senior secured revolving credit facility with a syndicate of lenders led by JPMorgan Chase Bank and including the Bank of Montreal, HSBC Bank, PNC Bank, Bank of Nova Scotia and TD Bank. The Facility has been increased from $200 million to $225 million, with an option to increase the limit by up to $50 million, and features reduced borrowing costs compared to the prior facility. The Facility will mature on November 25, 2018 and continues to be secured by a first perfected security interest in all personal property of the company and certain of its subsidiaries.

Taiga Building Products Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2013

Taiga Building Products Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2013. For the quarter, the company's net sales were CAD 344.9 million compared to CAD 315.9 million in the same period last year. The increase in sales by CAD 29.0 million or 9.2% was largely due to higher sales from US and export operations selling into the United States and Asian markets. Net earnings remained relatively consistent at CAD 4.0 million or CAD 0.12 per share compared to CAD 3.8 million or CAD 0.12 per share in the same period last year. EBITDA also remained relatively consistent at CAD 12.7 million compared to CAD 12.9 million in the same period last year. Earnings before income taxes were CAD 5.85 million compared to CAD 5.97 million reported a year ago. For the six months, the company's net sales were CAD 680.7 million compared to CAD 625.4 million in the same period last year. The 8.8% increase in sales was largely due to higher sales from US and export operations selling into the United States and Asian markets. Net earnings decreased to CAD 5.5 million or CAD 0.17 per share compared to CAD 9.7 million or CAD 0.30 per share in the same period last year, primarily due to lower gross margin dollars and higher selling and administrative expenses. EBITDA decreased to CAD 22.3 million compared to CAD 28.3 million last year, primarily due to lower net earnings. Earnings before income taxes were CAD 8.27 million compared to CAD 14.47 million reported a year ago.

 

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TBL Competitors

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Company Last Change
Deltic Timber Corp $60.90 USD +0.69
Plum Creek Timber Co Inc $42.63 USD +1.03
Rayonier Inc $44.56 USD +0.30
St Joe Co/The $18.13 USD -0.09
Universal Forest Products Inc $53.00 USD -1.20
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Industry Analysis

TBL

Industry Average

Valuation TBL Industry Range
Price/Earnings 5.2x
Price/Sales 0.0x
Price/Book NM Not Meaningful
Price/Cash Flow 5.2x
TEV/Sales -- Not Meaningful
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