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 […]
Builders FirstSource Reports Third Quarter 2024 Results
Builders FirstSource, Inc. reported its results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights All Year-Over-Year Comparisons Unless Otherwise Noted: As previously announced, Dave Rush is retiring as President and CEO of Builders FirstSource (“BFS”), effective November 6, 2024, after 25 years of dedicated service. Mr. Rush will remain on the […]
Emerson Reports Fourth Quarter and Full Year 2024 Results
Emerson reported results1 for its fourth quarter and fiscal year ended September?30, 2024. Emerson also declared a quarterly cash dividend increase to $0.5275 per share of common stock payable December 10, 2024 to stockholders of record November 15, 2024. Management Commentary “Emerson completed an outstanding fiscal 2024, with strong underlying sales growth, operating leverage, adjusted earnings […]
LP Building Solutions Reports Third Quarter 2024 Results
Louisiana-Pacific Corporation (LP), a leading manufacturer of high-performance building products, reported its financial results for the three and nine months ended September 30, 2024. Key Highlights for Third Quarter 2024, Compared to Third Quarter 2023 (1) This is a non-GAAP financial measure. See “Use of Non-GAAP Information,” “Reconciliation of Net Income to Non-GAAP Adjusted EBITDA, Non-GAAP Adjusted […]
RYAM Announces Strong Third Quarter 2024 Results
Net sales for the third quarter of $401 million, up $32 million from prior year quarter Loss from continuing operations for the third quarter of $33 million, a decline of $6 million from prior year quarter, inclusive of a non-cash asset impairment of $25 million and indefinite suspension charges of $7 million Adjusted EBITDA from continuing operations for the third quarter of $51 million, up $27 […]
Apogee Enterprises Completes Acquisition of UW Solutions
Apogee Enterprises, Inc. announced that it has completed the previously announced acquisition of UW Interco, LLC (“UW Solutions”), a vertically integrated manufacturer of high-performance coated substrates used in graphic arts, building products, and other applications, for $242 million in cash. Ty R. Silberhorn, Apogee’s Chief Executive Officer, said, “I am excited to welcome the UW Solutions team to Apogee. This […]
Zuern Acquires Wood Specialties
We’re thrilled to share some exciting news! As of November 1st Zuern Building Products & Design Center has acquired Wood Specialties out of Menomonee Falls, WI. This strategic move strengthens our position as a leading provider of high-quality building products and design services. What This Means for You: As we integrate Wood Specialties into the […]
OmniTRAX Adds Third P&G Manufacturing Plant to National Rail Network
Ohio plant joins OmniTRAX rail-served P&G facilities in Georgia and West Virginia OmniTRAX, a comprehensive supply chain, industrial development, and logistics solutions partner has been selected as the dedicated switching partner for P&G Manufacturing Company’s Lima, Ohio laundry care factory. The transportation affiliate of The Broe Group, OmniTRAX operates 28 railroads and provides industrial switching services to […]
MasterBrand Reports Third Quarter 2024 Financial Results
Net sales increased 6.0% year-over-year to $718.1 million Net income was $29.1 million compared to $59.7 million in the prior year, with net income margin of 4.1% and 8.8%, respectively Adjusted EBITDA margin 1 decreased 160 basis points year-over-year to 14.6% Diluted earnings per share was $0.22 compared to $0.46 in the prior year quarter; adjusted diluted […]
Irving Pulp & Paper and Irving Tissue Saint John Successfully Complete Major Shutdown
Irving Pulp & Paper and Irving Tissue Saint John have successfully completed a major shutdown accident free. This accomplishment not only emphasizes the mills’ unwavering dedication to operational excellence but also highlights a strong focus on safety. During the 15-day shutdown, over $34 million was invested in critical upgrades and maintenance to ensure the continued […]