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 fiscal year ended 31 December 2023, Tree Island Steel Ltd revenues decreased 29% to C$239.6M. Net income decreased 77% to C$7.5M. Revenues reflect Commercial segment decrease of 41% to C$58.8M, Industrial segment decrease of 25% to C$89.4M, United States segment decrease of 33% to C$147.4M, Canada segment decrease of 22% to C$88M. Net income also reflects Foreign exchange loss increase from C$36K to C$222K (expense). |
| Employees: | 430 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $88.82M as of Dec 31, 2023 |
| Annual revenue (TTM): | $239.57M as of Dec 31, 2023 |
| EBITDA (TTM): | $21.77M as of Dec 31, 2023 |
| Net annual income (TTM): | $7.55M as of Dec 31, 2023 |
| Free cash flow (TTM): | $13.16M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $3.46M as of Dec 31, 2023 |
| Shares outstanding: | 27,100,334 as of Mar 22, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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