• Tree Island Steel posted a net loss of CAD 1.17 million for the three months ended March 31, 2026, widening from a net loss of CAD 10,000 a year earlier.
• Revenue fell 19.25% to CAD 43.05 million versus the prior-year quarter, on lower U.S. sales volumes tied to expanded U.S. tariffs on wire and wire products and a strategic withdrawal from certain unprofitable product lines in 2025.
• Operating results swung to an operating loss of CAD 270,000 from operating income of CAD 646,000 in the prior-year period.
• Adjusted EBITDA dropped 56.88% to CAD 884,000, while management said it is adjusting production levels and workforce in response to changing demand and pursuing opportunities in new and existing markets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tree Island Steel Ltd. published the original content used to generate this news brief on May 15, 2026, and is solely responsible for the information contained therein.