Selling Prices Boosts Taiga Revenue

Taiga Building Products Ltd. had consolidated net sales of $535.9 million for the first quarter of 2021, an increase of 67 per cent compared to net sales of $320.3 million in the first quarter of 2020. The increase was largely due to increased selling prices for commodity products. Gross margin for the quarter increased to $90.4 million from $30.6 million over the same period last year. Net earnings increased to $29.2 million from $6.6 million and earnings before taxes were $45.1 million compared to $13.1 million last year.