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

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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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tree Island Steel Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608131730PRIMZONEFULLFEED9809970) on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Tree Island Steel Q2 FY26 turns to net loss of 200,000; revenue rises 8.3% to 45.8 million

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