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UFP Industries Ranked 403 on FORTUNE 500

UFP Industries announced that the company has, for the third time, secured a position on the esteemed FORTUNE 500 list, ranking at 403 among the largest U.S. companies based on revenue. UFP Industries finished 2022 with record revenue of $9.63 billion, an 11 percent increase over 2021, and record EPS of $10.97, reflecting a 28 percent increase. “We’re grateful to […]

Trex Celebrates Eight Top TrexPro Contractors With Stellar Service Awards

For decking contractors, success is built on quality work and referrals. With this in mind, Trex Company, the world’s largest manufacturer of high-performance wood-alternative decking and railing, and a leading outdoor living brand, recently honored eight of its elite TrexPro contractors with the company’s prestigious Stellar Service Award. The Trex Stellar Service Award is presented […]

CRH to Transition to US Primary Listing Approved

CRH plc, the leading provider of building materials solutions, is pleased to announce that shareholders overwhelmingly approved the unanimous recommendation of the Board and management team to transition to a US primary listing on the New York Stock Exchange (NYSE) at an Extraordinary General Meeting held earlier today. The Group will retain a standard listing […]

Freddie Mac: Mortgage Rates Decline After a Three-Week Ascent

Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS), showing the 30-year fixed-rate mortgage (FRM) averaged 6.71 percent. “Mortgage rates decreased after a three-week climb,” said Sam Khater, Freddie Mac’s Chief Economist. “While elevated rates and other affordability challenges remain, inventory continues to be the biggest obstacle for prospective homebuyers.” News Facts The PMMS […]

Scott Stringer Joins DMSi Software

DMSi Software, an industry leader in software solutions for the lumber and building materials industries, announces Scott Stringer will be joining its team as Product Manager – Neural Grader. Stringer will head DMSi’s computer vision solutions, including TallyExpress and Neural Grader, where he will handle sales, service, implementations, and product management. He brings over 15 years of experience in the hardwood industry including […]

Hooker Furnishings Reports First Quarter Sales and Earnings

Hooker Furnishings Corporation (the “Company”), a global leader in the design, production, and marketing of home furnishings for nearly a century, today reported operating results for its fiscal 2024 first quarter ended April 30, 2023. Fiscal 2024 First Quarter overview Management Commentary “Considering the softer retail environment, economic uncertainties and our recent exit from the […]

48forty Solutions Completes Acquisition of Taylor Pallets & Recycling

48forty Solutions (“48forty”), a leading national provider of recycled pallets and pallet management services, announced that it has acquired South Carolina-based pallet management company Taylor Pallets & Recycling (“Taylor” or the “Company”). The terms of the transaction were not disclosed. 48forty is a portfolio company of Audax Private Equity (“Audax”) and Summit Partners (“Summit”). Taylor […]

Huber Engineered Woods Announces Plans to Locate its New Mill in Noxubee County, Mississippi

Leading specialty building products manufacturer Huber Engineered Woods LLC (HEW), a subsidiary of J.M. Huber Corporation, announced today that it has plans to build a new oriented strand board (OSB) facility in Noxubee County, Mississippi. The plant will increase the company’s production of innovative ZIP System® and AdvanTech® structural panels. The manufacturing facility is projected to provide […]

Greif Reports Second Quarter 2023 Results

Greif, Inc., a global leader in industrial packaging products and services, today announced second quarter 2023 results. Second Quarter Financial Highlights include (all results compared to the second quarter of 2022 unless otherwise noted): Strategic Actions and Announcements CEO Commentary “The past three months have truly showcased the remarkable effectiveness of our Build to Last strategy,” […]