Pietro Gheller, formerly Product & Markets Director of SCM Wood Division, takes over the running of the same Division and the position previously held by Luigi De Vito who continues as General Manager of Scm Group. Pietro Gheller was born in Vicenza 48 years ago and, in 1997, took part in the International Business Program […]
Quanex Building Products to Acquire Tyman
Acquisition Accelerates Quanex’s “BIGGER” Strategic Roadmap, Expanding Quanex’s Product Offering with Addition of Tyman’s Complementary Portfolio Significantly Enhances Scale and Global Reach, Positioning Combined Company for Profitable Growth and Value Creation Delivers Material EPS Accretion in First Fiscal Year Post Close; Approximately $30 Million in Annual Run-Rate Cost Synergies Anticipated Quanex Building Products Corporation (“Quanex” or the “Company”) announced […]
Mohawk Industries Reports Q1 Results
Mohawk Industries, Inc. announced first quarter 2024 net earnings of $105 million and earnings per share (“EPS”) of $1.64; adjusted net earnings were $119 million, and adjusted EPS was $1.86. Net sales for the first quarter of 2024 were $2.7 billion, a decrease of 4.5% as reported and 5.5% on a legacy and constant basis versus the prior year. During the first […]
Weyerhaeuser Reports First Quarter Results
Achieved net earnings of $114 million, or $0.16 per diluted share Generated Adjusted EBITDA of $352 million, a 10 percent increase compared with fourth quarter 2023 Increased quarterly base dividend by 5.3 percent Enhanced our carbon capture and sequestration business with exploration agreement across five potential sites in the U.S. South Weyerhaeuser Company reported first quarter net earnings of $114 million, […]
Wabash Recognizes Outstanding Suppliers for 2023
Webb Wheel named supplier of the year Wabash (NYSE: WNC), the visionary leader of connected solutions for the transportation, logistics and distribution industries, recognizes 42 of its top suppliers with 2023 Wabash Supplier Awards for supply chain excellence. “Our suppliers are invaluable partners in our journey to deliver breakthrough, cost-effective solutions to our customers,” said […]
Masonite Shareholders Approve Transaction with Owens Corning
Masonite International Corporation (“Masonite”) announced that its shareholders have voted to approve the Company’s proposed transaction with Owens Corning at its Special Meeting of Shareholders. As previously announced, under the terms of the transaction, Masonite shareholders will receive $133.00 per share in cash in connection with the closing of the transaction. Howard Heckes, President and […]
Freddie Mac: Mortgage Rates Continue to Increase
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.17 percent. “Mortgage rates continued rising this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Despite rates increasing more than half a percent since the first week of the year, purchase demand remains steady. With rates staying higher for […]
CoreLogic: US Mortgage Delinquency, Foreclosure Rates Hover Near Historic Lows in February
In February, the U.S. overall mortgage delinquency (2.8%), adverse delinquency (0.4%), foreclosure (0.3%) and transition rates (0.7%) were all unchanged from numbers recorded in February 2023 Four states posted small overall annual delinquency rate increases in February, eight saw no change and 39 showed year-over-year declines The Kahului-Wailuku-Lahaina, Hawaii metro area continued to post the […]
NAR: Pending Home Sales Ascended 3.4% in March
Pending home sales increased 3.4% in March Month over month, contract signings rose in the Northeast, South and West but dropped in the Midwest Compared to one year ago, pending home sales declined in the Northeast and South while the Midwest and West improved Pending home sales in March climbed 3.4%, according to the National […]
Union Pacific Reports First Quarter 2024 Results
First quarter earnings per diluted share of $2.69, up 1% First quarter operating income up 3% First quarter net income up 1% Union Pacific Corporation reported 2024 first quarter net income of $1.6 billion, or $2.69 per diluted share. This compares to 2023 first quarter net income of $1.6 billion, or $2.67 per diluted share. […]