Tree Island Steel Ltd. (T:TSL)
Business Focus: Iron, Steel Mills & Foundries
| Sector: Basic Materials | Industry: Iron & Steel |
| Company Contact | |
| Address: | 3933 Boundary Rd RICHMOND BC V6V 1T8 |
| Tel: | 1-416-9623300 |
| Website: | https://www.treeisland.com |
| IR: | See website |
| Key People | ||
| Amar S. Doman Executive Chairman of the Board | Nancy Davies Interim President, Chief Operating Officer | Brian Liu Chief Financial Officer, Vice President - Finance |
| Business Overview |
| Tree Island Steel Ltd. is a Canada-based manufacturer and supplier of wire products for a range of applications. The Company, through its operating facilities in Canada and the United States, produces wire products for a diverse range of customers for industrial, residential construction, commercial construction and agricultural applications. Its products include galvanized wire, bright wire; an array of fasteners, including packaged, collated and bulk nails; stucco reinforcing products; concrete reinforcing mesh; fencing and other fabricated wire products. The Company markets its products under the Tree Island, Halsteel, TrueSpec, K-Lath, TI Wire, ToughStrand and ToughPanel brand names. The Company's subsidiary is Tree Island Wire (USA) Inc. |
| Financial Overview |
| For the three months ended 31 March 2024, Tree Island Steel Ltd revenues decreased 25% to C$56.6M. Net income decreased 89% to C$625K. Revenues reflect Commercial segment decrease of 41% to C$12M, Industrial segment decrease of 24% to C$19.2M, Canada segment decrease of 40% to C$23.2M. Net income also reflects Other interest and financing costs increase from C$97K to C$279K (expense). |
| Employees: | 430 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $86.03M as of Mar 31, 2024 |
| Annual revenue (TTM): | $220.85M as of Mar 31, 2024 |
| EBITDA (TTM): | $14.90M as of Mar 31, 2024 |
| Net annual income (TTM): | $2.33M as of Mar 31, 2024 |
| Free cash flow (TTM): | $3.19M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $4.07M as of Mar 31, 2024 |
| Shares outstanding: | 26,741,638 as of May 6, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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