Tree Island Steel Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 53.37 million compared to CAD 80.2 million a year ago. Net income was CAD 1.94 million compared to CAD 8.01 million a year ago. Basic earnings per share from continuing operations was CAD 0.07 compared to CAD 0.28 a year ago.
For the nine months, sales was CAD 192.23 million compared to CAD 271.32 million a year ago. Net income was CAD 9.44 million compared to CAD 33.86 million a year ago. Basic earnings per share from continuing operations was CAD 0.34 compared to CAD 1.19 a year ago.