Tree Island Steel Q2 FY26 turns to net loss of 200,000; revenue rises 8.3% to 45.8 million
Reuters2026/08/13 21:30- Tree Island Steel posted a Q2 net loss of 200,000, swinging from net income of 192,000 a year earlier.
- Revenue, net of freight and distribution costs, rose 8.3% to 45.8 million, driven by growth in Canadian agricultural and industrial sales.
- Adjusted EBITDA fell to 1.8 million from 2.3 million, while gross profit slipped to 3.5 million from 3.8 million.
- For the first half, revenue, net of freight and distribution costs, dropped 6.6% to 86.4 million on lower U.S. volumes from tariffs.
- COO Nancy Davies said the company is pursuing new and existing markets, raising prices where possible to offset higher material costs.
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