Tree Island Steel: Tree Island Steel Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024

Tree Island Steel Ltd. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was CAD 54.95 million compared to CAD 56.89 million a year ago. Net loss was CAD 1.85 million compared to net income of CAD 1.94 million a year ago. Basic loss per share from continuing operations was CAD 0.07 compared to basic earnings per share from continuing operations of CAD 0.07 a year ago. For the nine months, sales was CAD 173.26 million compared to CAD 203.9 million a year ago. Net loss was CAD 0.611 million compared to net income of CAD 9.44 million a year ago. Basic loss per share from continuing operations was CAD 0.02 compared to basic earnings per share from continuing operations of CAD 0.34 a year ago.