Tree Island Steel Posts $45.6 Million in Q3 Revenue, Narrows Loss

Tree Island Steel posted third-quarter revenue of $45.6 million and a net loss of $380,000, or $0.01 per share, for the quarter ended Sept. 30. A year earlier, revenue was $38.7 million and the net loss was $2.2 million, or $0.08 per share.

Revenue after freight and distribution costs totaled $43.5 million, up 18% from $36.8 million in the same quarter of 2025. Gross profit rose to $3.2 million from $1.8 million, and operating income was $278,000, compared with an operating loss of $1.1 million a year earlier.

The Canadian wire products producer attributed the increase in net revenue to growth in Canadian sales and higher average selling prices. Higher selling prices also helped offset increased raw-material costs.