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Central Garden & Pet Releases 2022/2023 Impact Report

Report highlights the company’s progress toward sustainability objectives Central Garden & Pet Company (“Central”), a market leader in the pet and garden industries, released its Impact Report for the fiscal years 2022 and 2023 underscoring the company’s commitment to protecting the planet, cultivating its communities and empowering its employees. The report highlights Central’s work to […]

Rayonier Reports Third Quarter 2024 Results

Third quarter net income attributable to Rayonier of $28.8 million ($0.19 per share) on revenues of $195.0 million Third quarter pro forma net income of $18.1 million ($0.12 per share) Third quarter operating income of $27.6 million, pro forma operating income of $28.5 million, and Adjusted EBITDA of $71.8 million Year-to-date cash provided by operations of $173.8 million and cash available for distribution (CAD) of $105.7 million Updating full-year Adjusted […]

Mohawk Industries Announces Leadership Succession

Mohawk Industries, Inc. announced the planned retirement of Chris Wellborn, President and Chief Operating Officer and the promotion of Paul De Cock to succeed Mr. Wellborn effective February 1, 2025. The Company also announced that Ken Walma is joining the organization and will succeed Mr. De Cock as President of the Flooring North America Segment on February 1, 2025, after acquiring comprehensive knowledge of the Company’s operations. […]

Interfor Reports Q3’24 Results

Adjusted EBITDA loss of $22 million and Net Loss of $106 million INTERFOR CORPORATION (“Interfor” or the “Company”) recorded a Net loss in Q3’24 of $105.7 million, or $2.05 per share, compared to a Net loss of $75.8 million, or $1.47 per share in Q2’24 and a Net loss of $42.4 million, or $0.82 per […]

Tempur-Pedic Recognized as the Most Awarded Brand in the History of the J.D. Power U.S. Mattress Satisfaction Study*

#1 in Customer Satisfaction for both Mattresses Purchased In-Store and Online for 2024* Tempur Sealy International, Inc. (“Company” or “Tempur Sealy”), the company synonymous with innovation in the mattress industry, announced that its Tempur-Pedic® brand was ranked #1 in Customer Satisfaction for Mattresses Purchased In-Store in the J.D. Power 2024 U.S. Mattress Satisfaction Study*, marking the fifth time […]

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 10.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending November 1, 2024.  The Market Composite Index, a measure of mortgage loan application volume, decreased 10.8 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the […]

Western Announces Third Quarter 2024 Results

Western Forest Products Inc. (“Western” or the “Company”) reported a net loss of $19.6 million in the third quarter of 2024, as compared to a net loss of $17.4 million in the third quarter of 2023, and a net loss of $5.7 million in the second quarter of 2024. Adjusted EBITDA was negative $10.7 million […]

1847 Holdings Signs Definitive Agreement to Purchase Commercial Cabinet, Door & Millwork Manufacturer with Unaudited Trailing Twelve-Month (TTM) Net Income of $10.4 Million

Purchase price for this transaction is approximately $18.75 million 1847 Holdings LLC (“1847” or the “Company”), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, announced it has executed a definitive agreement to acquire the previously announced millwork, cabinetry, and door manufacturer based in Las Vegas, Nevada (the “Target”). […]

Madison’s Reporter: Increased Demand Pops Up Lumber Prices

Overall supply was increasingly limited, and commodity prices were firm or up. Buyers found it more difficult to hesitate even while they waited for the results of the upcoming US presidential election. In the week ending October 25, 2024, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$408 mfbm. […]

CMC Statement Regarding Pacific Steel Group v. Commercial Metals Co. Litigation

Commercial Metals Company issued a statement in response to the jury verdict reached in the Pacific Steel Group v. Commercial Metals Co. (N.D. Cal.) litigation. Pacific Steel Group (“Pacific Steel”) filed this lawsuit claiming, among other things, various restraints on trade by CMC. A trial on Pacific Steel’s claims began on October 21st and concluded today with […]