Tree Island Steel Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 63.59 million compared to CAD 98.37 million a year ago. Net income was CAD 1.65 million compared to CAD 13.12 million a year ago. Basic earnings per share from continuing operations was CAD 0.06 compared to CAD 0.46 a year ago.
For the six months, sales was CAD 138.86 million compared to CAD 191.12 million a year ago. Net income was CAD 7.5 million compared to CAD 25.85 million a year ago. Basic earnings per share from continuing operations was CAD 0.27 compared to CAD 0.91 a year ago.