Reported Earnings • May 18
First quarter 2026 earnings released: CA$0.045 loss per share (vs CA$0 in 1Q 2025) First quarter 2026 results: CA$0.045 loss per share (further deteriorated from CA$0 in 1Q 2025). Revenue: CA$43.0m (down 19% from 1Q 2025). Net loss: CA$1.17m (down CA$1.17m from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance. Announcement • Apr 24
Tree Island Steel Ltd. to Report Q1, 2026 Results on May 15, 2026 Tree Island Steel Ltd. announced that they will report Q1, 2026 results After-Market on May 15, 2026 Reported Earnings • Mar 15
Full year 2025 earnings released: CA$0.20 loss per share (vs CA$0.15 loss in FY 2024) Full year 2025 results: CA$0.20 loss per share (further deteriorated from CA$0.15 loss in FY 2024). Revenue: CA$170.8m (down 18% from FY 2024). Net loss: CA$5.33m (loss widened 36% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 121 percentage points per year, which is a significant difference in performance. Announcement • Mar 04
Tree Island Steel Ltd., Annual General Meeting, May 15, 2026 Tree Island Steel Ltd., Annual General Meeting, May 15, 2026. Location: british columbia, vancouver Canada Announcement • Feb 19
Tree Island Steel Ltd. to Report Q4, 2025 Results on Mar 12, 2026 Tree Island Steel Ltd. announced that they will report Q4, 2025 results After-Market on Mar 12, 2026 Declared Dividend • Dec 17
Third quarter dividend of CA$0.015 announced Shareholders will receive a dividend of CA$0.015. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 2.0%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Announcement • Dec 15
Tree Island Steel Announces Quarterly Dividend on the Issued and Outstanding Common Shares , Payable on January 15, 2026 Tree Island Steel Ltd. announced that its Board of Directors has declared a quarterly dividend of $0.015 per share, on the issued and outstanding Common Shares of the Company, payable on January 15, 2026, to shareholders of record at the close of business on December 31, 2025. Reported Earnings • Nov 16
Third quarter 2025 earnings released: CA$0.083 loss per share (vs CA$0.071 loss in 3Q 2024) Third quarter 2025 results: CA$0.083 loss per share (further deteriorated from CA$0.071 loss in 3Q 2024). Revenue: CA$38.7m (down 30% from 3Q 2024). Net loss: CA$2.14m (loss widened 16% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 128 percentage points per year, which is a significant difference in performance. Announcement • Oct 23
Tree Island Steel Ltd. to Report Q3, 2025 Results on Nov 13, 2025 Tree Island Steel Ltd. announced that they will report Q3, 2025 results After-Market on Nov 13, 2025 Declared Dividend • Sep 17
Second quarter dividend of CA$0.015 announced Shareholders will receive a dividend of CA$0.015. Ex-date: 29th September 2025 Payment date: 15th October 2025 Dividend yield will be 2.9%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Announcement • Sep 15
Tree Island Steel Announces Quarterly Dividend, Payable on October 15, 2025 Tree Island Steel Ltd. announced that its Board of Directors has declared a quarterly dividend of $0.015 per share, on the issued and outstanding Common Shares of the Company, payable on October 15, 2025, to shareholders of record at the close of business on September 29, 2025. Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: CA$0.003 (vs CA$0.023 in 2Q 2024) Second quarter 2025 results: EPS: CA$0.003 (down from CA$0.023 in 2Q 2024). Revenue: CA$44.5m (down 23% from 2Q 2024). Net income: CA$85.0k (down 86% from 2Q 2024). Profit margin: 0.2% (down from 1.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Announcement • Jul 17
Tree Island Steel Ltd. to Report Q2, 2025 Results on Aug 07, 2025 Tree Island Steel Ltd. announced that they will report Q2, 2025 results After-Market on Aug 07, 2025 Declared Dividend • Jun 16
First quarter dividend of CA$0.015 announced Shareholders will receive a dividend of CA$0.015. Ex-date: 30th June 2025 Payment date: 15th July 2025 Dividend yield will be 3.6%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Announcement • Jun 13
Tree Island Steel Announces Quarterly Dividend, Payable on July 15, 2025 Tree Island Steel Ltd. announced that its Board of Directors has declared a quarterly dividend of $0.015 per share, on the issued and outstanding Common Shares of the Company, payable on July 15, 2025, to shareholders of record at the close of business on June 30, 2025. Reported Earnings • May 12
First quarter 2025 earnings released: EPS: CA$0 (vs CA$0.023 in 1Q 2024) First quarter 2025 results: EPS: CA$0 (down from CA$0.023 in 1Q 2024). Revenue: CA$53.3m (down 12% from 1Q 2024). Net income: CA$2.0k (down 100% from 1Q 2024). Profit margin: 0% (down from 1.0% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Announcement • May 02
Tree Island Steel Ltd. to Report Q1, 2025 Results on May 09, 2025 Tree Island Steel Ltd. announced that they will report Q1, 2025 results After-Market on May 09, 2025 Announcement • Mar 18
Tree Island Steel Ltd., Annual General Meeting, Jun 26, 2025 Tree Island Steel Ltd., Annual General Meeting, Jun 26, 2025. Location: british columbia, vancouver Canada Declared Dividend • Mar 17
Fourth quarter dividend of CA$0.015 announced Shareholders will receive a dividend of CA$0.015. Ex-date: 31st March 2025 Payment date: 15th April 2025 Dividend yield will be 4.1%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Mar 14
Full year 2024 earnings released: CA$0.15 loss per share (vs CA$0.27 profit in FY 2023) Full year 2024 results: CA$0.15 loss per share (down from CA$0.27 profit in FY 2023). Revenue: CA$221.1m (down 7.7% from FY 2023). Net loss: CA$3.91m (down 152% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Announcement • Mar 14
Tree Island Steel Ltd. Announces Quarterly Dividend, Payable on April 15, 2025 The Board of Directors of Tree Island Steel Ltd. announced Dividend, Payable on April 15, 2025. For the period, the company reported reduction in dividend of by 50% to $0.015 per share, on the issued and outstanding Common Shares of the Company, payable to holders of on March 31, 2025. Announcement • Feb 20
Tree Island Steel Ltd. to Report Q4, 2024 Results on Mar 13, 2025 Tree Island Steel Ltd. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Mar 13, 2025 Announcement • Feb 18
Tree Island Steel Ltd., Annual General Meeting, May 01, 2025 Tree Island Steel Ltd., Annual General Meeting, May 01, 2025. Location: british columbia, vancouver Canada Buy Or Sell Opportunity • Jan 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.1% to CA$2.84. The fair value is estimated to be CA$2.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Dec 17
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to CA$2.92. The fair value is estimated to be CA$2.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. Declared Dividend • Dec 16
Third quarter dividend of CA$0.03 announced Dividend of CA$0.03 is the same as last year. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 4.1%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 9 years. However, payments have been volatile during that time. Announcement • Dec 14
Tree Island Steel Ltd. Announces Quarterly Dividend, Payable on January 15, 2025 Tree Island Steel Ltd. announced that its Board of Directors has declared a quarterly dividend of $0.03 per share, on the issued and outstanding Common Shares of the Company, payable on January 15, 2025, to shareholders of record at the close of business on December 31, 2024. Announcement • Dec 13
Tree Island Steel Ltd. Announces Retirement of Ted Leja from Board of Directors Tree Island Steel Ltd. announced that Ted Leja has resigned from the Company's board of directors effective immediately as part of a planned retirement by Mr. Leja. Mr. Leja has served both as a director and officer of the Company over his more than 20-year involvement with Tree Island Steel and its subsidiaries. Reported Earnings • Nov 06
Third quarter 2024 earnings released: CA$0.071 loss per share (vs CA$0.07 profit in 3Q 2023) Third quarter 2024 results: CA$0.071 loss per share (down from CA$0.07 profit in 3Q 2023). Revenue: CA$54.9m (up 3.0% from 3Q 2023). Net loss: CA$1.85m (down 195% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Nov 04
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.4% to CA$2.77. The fair value is estimated to be CA$2.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Earnings per share has declined by 58%. Announcement • Oct 15
Tree Island Steel Ltd. to Report Q3, 2024 Results on Nov 05, 2024 Tree Island Steel Ltd. announced that they will report Q3, 2024 results After-Market on Nov 05, 2024 Buy Or Sell Opportunity • Oct 01
Now 22% overvalued Over the last 90 days, the stock has fallen 4.4% to CA$2.81. The fair value is estimated to be CA$2.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Earnings per share has declined by 58%. Declared Dividend • Sep 19
Second quarter dividend of CA$0.03 announced Dividend of CA$0.03 is the same as last year. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 4.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is not covered by earnings (254% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 182% to bring the payout ratio under control, which is more than the 22% EPS growth achieved over the last 5 years. Announcement • Sep 16
Tree Island Steel Ltd. Declares Quarterly Dividend, Payable on October 15, 2024 Tree Island Steel Ltd. announced that its Board of Directors has declared a quarterly dividend of $0.03 per share, on the issued and outstanding Common Shares of the Company, payable on October 15, 2024, to shareholders of record at the close of business on September 27, 2024. Buy Or Sell Opportunity • Aug 26
Now 22% overvalued Over the last 90 days, the stock has fallen 7.8% to CA$2.83. The fair value is estimated to be CA$2.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Earnings per share has declined by 58%. Reported Earnings • Aug 04
Second quarter 2024 earnings released: EPS: CA$0.023 (vs CA$0.059 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.023 (down from CA$0.059 in 2Q 2023). Revenue: CA$57.7m (down 9.2% from 2Q 2023). Net income: CA$610.0k (down 63% from 2Q 2023). Profit margin: 1.1% (down from 2.6% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Jul 12
Tree Island Steel Ltd. to Report Q2, 2024 Results on Aug 01, 2024 Tree Island Steel Ltd. announced that they will report Q2, 2024 results After-Market on Aug 01, 2024 Declared Dividend • Jun 14
First quarter dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 3.9%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is not covered by earnings (142% earnings payout ratio). However, it is well covered by cash flows (49% cash payout ratio). The dividend has increased by an average of 15% per year over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 58% to bring the payout ratio under control, which is more than the 45% EPS growth achieved over the last 5 years. Announcement • Jun 13
Tree Island Steel Ltd. Declares Quarterly Dividend, Payable on July 15, 2024 Tree Island Steel Ltd. announced that its Board of Directors has declared a quarterly dividend of $0.03 per share, on the issued and outstanding Common Shares of the Company, payable on July 15, 2024, to shareholders of record at the close of business on June 28, 2024. New Risk • May 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (118% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (CA$85.9m market cap, or US$62.8m). Announcement • Apr 17
Tree Island Steel Ltd. to Report Q1, 2024 Results on May 02, 2024 Tree Island Steel Ltd. announced that they will report Q1, 2024 results After-Market on May 02, 2024 Upcoming Dividend • Mar 20
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of Canadian dividend payers (6.4%). Higher than average of industry peers (2.2%). Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: CA$0.27 (vs CA$1.17 in FY 2022) Full year 2023 results: EPS: CA$0.27 (down from CA$1.17 in FY 2022). Revenue: CA$239.6m (down 29% from FY 2022). Net income: CA$7.55m (down 77% from FY 2022). Profit margin: 3.2% (down from 9.8% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Mar 15
Tree Island Steel Ltd. Declares Quarterly Dividend, Payable on April 15, 2024 Tree Island Steel Ltd. announced that its Board of Directors has declared a quarterly dividend of $0.03 per share, on the issued and outstanding Common Shares of the Company, payable on April 15, 2024, to shareholders of record at the close of business on March 28, 2024. Announcement • Feb 23
Tree Island Steel Ltd. to Report Q4, 2023 Results on Mar 14, 2024 Tree Island Steel Ltd. announced that they will report Q4, 2023 results After-Market on Mar 14, 2024 Announcement • Feb 17
Tree Island Steel Ltd., Annual General Meeting, May 02, 2024 Tree Island Steel Ltd., Annual General Meeting, May 02, 2024. Upcoming Dividend • Dec 21
Upcoming dividend of CA$0.03 per share at 6.4% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 15 January 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 6.4%. Lower than top quartile of Canadian dividend payers (6.5%). Higher than average of industry peers (2.1%). Announcement • Dec 15
Tree Island Steel Announces Quarterly Dividend, Payable on January 15, 2024 Tree Island Steel Ltd. announced that its Board of Directors has declared a quarterly dividend of $0.03 per share, on the issued and outstanding Common Shares of the Company, payable on January 15, 2024, to shareholders of record at the close of business on December 29, 2023. Reported Earnings • Nov 12
Third quarter 2023 earnings released: EPS: CA$0.07 (vs CA$0.28 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.07 (down from CA$0.28 in 3Q 2022). Revenue: CA$53.4m (down 34% from 3Q 2022). Net income: CA$1.94m (down 76% from 3Q 2022). Profit margin: 3.6% (down from 10.0% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Oct 20
Tree Island Steel Ltd. to Report Q3, 2023 Results on Nov 09, 2023 Tree Island Steel Ltd. announced that they will report Q3, 2023 results After-Market on Nov 09, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.03 per share at 6.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 6.4%. Within top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (1.9%). Announcement • Sep 16
Tree Island Steel Ltd. Declares Quarterly Dividend, Payable on October 13, 2023 Tree Island Steel Ltd. announced that its Board of Directors has declared a quarterly dividend of $0.03 per share, on the issued and outstanding Common Shares of the Company, payable on October 13, 2023, to shareholders of record at the close of business on September 29, 2023. New Risk • Jul 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.2% net profit margin). Market cap is less than US$100m (CA$88.9m market cap, or US$67.2m). Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: CA$0.059 (vs CA$0.46 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.059 (down from CA$0.46 in 2Q 2022). Revenue: CA$63.6m (down 35% from 2Q 2022). Net income: CA$1.65m (down 87% from 2Q 2022). Profit margin: 2.6% (down from 13% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jul 13
Tree Island Steel Ltd. to Report Q2, 2023 Results on Jul 27, 2023 Tree Island Steel Ltd. announced that they will report Q2, 2023 results After-Market on Jul 27, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.05 per share at 5.9% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 5.9%. Lower than top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (1.9%). Reported Earnings • May 06
First quarter 2023 earnings released: EPS: CA$0.21 (vs CA$0.45 in 1Q 2022) First quarter 2023 results: EPS: CA$0.21 (down from CA$0.45 in 1Q 2022). Revenue: CA$75.3m (down 19% from 1Q 2022). Net income: CA$5.85m (down 54% from 1Q 2022). Profit margin: 7.8% (down from 14% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of CA$0.05 per share at 5.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 5.9%. Lower than top quartile of Canadian dividend payers (6.0%). Higher than average of industry peers (2.2%). Reported Earnings • Mar 05
Full year 2022 earnings released: EPS: CA$1.17 (vs CA$3.09 in FY 2021) Full year 2022 results: EPS: CA$1.17 (down from CA$3.09 in FY 2021). Revenue: CA$338.4m (up 12% from FY 2021). Net income: CA$33.1m (down 62% from FY 2021). Profit margin: 9.8% (down from 29% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Feb 18
Tree Island Steel Ltd., Annual General Meeting, May 04, 2023 Tree Island Steel Ltd., Annual General Meeting, May 04, 2023. Announcement • Feb 11
Tree Island Steel Ltd. to Report Q4, 2022 Results on Mar 02, 2023 Tree Island Steel Ltd. announced that they will report Q4, 2022 results After-Market on Mar 02, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of CA$0.05 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 16 January 2023. Payout ratio is a comfortable 3.7% but the company is not cash flow positive. Trailing yield: 5.5%. Lower than top quartile of Canadian dividend payers (6.0%). Higher than average of industry peers (2.4%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: CA$0.28 (vs CA$0.47 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.28 (down from CA$0.47 in 3Q 2021). Revenue: CA$80.2m (down 5.2% from 3Q 2021). Net income: CA$8.01m (down 40% from 3Q 2021). Profit margin: 10.0% (down from 16% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Director Joe Downes was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: CA$0.28 (vs CA$0.47 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.28 (down from CA$0.47 in 3Q 2021). Revenue: CA$80.2m (down 5.2% from 3Q 2021). Net income: CA$8.01m (down 40% from 3Q 2021). Profit margin: 10.0% (down from 16% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • Oct 21
Tree Island Steel Ltd. to Report Q3, 2022 Results on Nov 10, 2022 Tree Island Steel Ltd. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 10, 2022 Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.05 per share Eligible shareholders must have bought the stock before 28 September 2022. Payment date: 14 October 2022. Payout ratio is a comfortable 3.5% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Lower than top quartile of Canadian dividend payers (5.6%). Higher than average of industry peers (2.6%). Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: CA$0.46 (vs CA$0.32 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.46 (up from CA$0.32 in 2Q 2021). Revenue: CA$98.4m (up 32% from 2Q 2021). Net income: CA$13.1m (up 45% from 2Q 2021). Profit margin: 13% (up from 12% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Jul 14
Tree Island Steel Ltd. to Report Q2, 2022 Results on Jul 27, 2022 Tree Island Steel Ltd. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Jul 27, 2022 Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.05 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 3.6% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Canadian dividend payers (5.2%). Higher than average of industry peers (2.0%). Reported Earnings • May 05
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CA$0.45 (up from CA$0.22 in 1Q 2021). Revenue: CA$92.7m (up 39% from 1Q 2021). Net income: CA$12.7m (up 97% from 1Q 2021). Profit margin: 14% (up from 9.7% in 1Q 2021). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 76%. Over the last 3 years on average, earnings per share has increased by 137% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Director Joe Downes was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 15
Tree Island Steel Ltd. to Report Q1, 2022 Results on May 04, 2022 Tree Island Steel Ltd. announced that they will report Q1, 2022 results After-Market on May 04, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of CA$1.23 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 14 April 2022. Payout ratio is a comfortable 3.9% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Canadian dividend payers (4.7%). Higher than average of industry peers (1.5%). Reported Earnings • Mar 06
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CA$3.09 (up from CA$0.18 in FY 2020). Revenue: CA$301.8m (up 40% from FY 2020). Net income: CA$88.0m (up CA$82.8m from FY 2020). Profit margin: 29% (up from 2.4% in FY 2020). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 76%. Over the last 3 years on average, earnings per share has increased by 137% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 16% share price gain to CA$5.80, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 12x in the Metals and Mining industry in Canada. Total returns to shareholders of 207% over the past three years. Announcement • Feb 19
Tree Island Steel Ltd., Annual General Meeting, May 04, 2022 Tree Island Steel Ltd., Annual General Meeting, May 04, 2022.