Taiga Sales Increase Reflects Rising Commodity Prices

Taiga Building Products Ltd. had net sales of 411.3 million in the fourth quarter of 2020, an increase of 38 per cent over net sales of $298.1 million in the fourth quarter of 2019. The increase was largely due to higher selling prices on commodities. Gross margin for the quarter increased to $60.4 million from $30.6 million over the same quarter last year. Net earnings were $17.6 million compared to net earnings of $5.8 million and earnings before taxes were $29.4 million compared to $12.9 million last year.