Tree Island Steel Announces Full Year 2025 Results
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Tree Island Steel reported its financial results for the year ended December 31, 2025, with revenues of $161.8 million, down from $207.0 million in 2024. The decline was attributed to lower U.S. sales volumes due to tariffs and withdrawal from unprofitable product lines, despite growth in Canadian sales. Gross profit fell to $9.5 million, and adjusted EBITDA decreased to $3.0 million. The company implemented cost-management initiatives, including a 27% workforce reduction, and suspended dividends for 2026 due to economic uncertainty.
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