Tree Island Steel Announces Third Quarter 2026 Results
Globe Newswire•10/11/2026•17:00 ET
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Key Highlights
- ➤Q3 revenue $43.5 million, up 18.0% year over year
- ➤Q3 adjusted EBITDA $1.7 million versus $0.2 million prior year
- ➤Nine-month adjusted EBITDA $4.4 million, down from $4.6 million
- ➤Nine-month revenue $129.9 million, up 0.4% year over year
- ➤Net loss narrowed to $0.4 million from $2.2 million in Q3 2025
Expert Statements
Brian Liu, Chief Operating Officer of Tree Island Steel
“Higher selling prices and strategic growth in Canada drove an improvement in our third-quarter results versus the prior year. We remain focused on expanding our domestic market share, recovering higher material costs through disciplined pricing, and managing our U.S. portfolio amid ongoing tariff pressures.”
VANCOUVER, British Columbia, Nov. 10, 2026 (GLOBE NEWSWIRE) -- Tree Island Steel (“Tree Island” or the “Company”) (TSX: TSL) announced today its financial results for the three and nine months ended September 30, 2026.
For the three-months ended September 30, 2026, revenues, net of freight and distribution costs, increased by $6.6 million, or 18.0% to $43.5 million from $36.8 million in the same period of 2025. The increase was primarily driven by continued growth in Canadian sales, reflecting the Company’s strategic focus on growing its Canadian market share, and higher average selling prices.
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