BURNABY, BC, May 3, 2024 /CNW/ - Taiga Building Products Ltd. ("Taiga" or the "Company") today reported its financial results for the three months ended March 31, 2024 and 2023. First Quarter Ended March 31, 2024 Earnings Results The Company's consolidated net sales for the quarter ended March 31, 2024 were $393.6 million compared to $408.5 million over the same period last year. The decrease in sales by $14.9 million or 4% was largely due to selling lower volumes of commodity products. Gross margin for the quarter ended March 31, 2024 decreased to $42.0 million from $47.1 million over the same period last year. The decrease in gross margin was primarily due to selling lower volumes of commodity products during the quarter. Net earnings for the quarter ended March 31, 2024 decreased to $12.8 million from $13.5 million over the same period last year primarily due to decreased gross margin. EBITDA for the quarter ended March 31, 2024 was $19.8 million compared to $22.5 million for the same period last year.             Condensed Consolidated Statement of Earnings For the Three Months Ended March 31, (in thousands of Canadian dollars, except for per share amounts)