BlueLinx Holdings Inc., a leading U.S. wholesale distributor of building products, reported financial results for the three months ended September 28, 2024. Third Quarter 2024 Highlights “Our third quarter results delivered solid volume growth in several of our key specialty product categories, as well as strong volume growth across our structural products business,” said Shyam […]
Masco Corporation Reports Third Quarter 2024 Results
Masco Corporation, one of the world’s leading manufacturers of branded home improvement and building products, reported its third quarter 2024 results. Highlights 2024 Third Quarter Results “We delivered another quarter of strong operating results,” said Masco President and CEO, Keith Allman. “Our adjusted operating margin expanded 60 basis points to 18.2 percent, marking the sixth […]
Madison’s Reporter: Most Lumber Prices Crest Level of Same Week Last Year
North American lumber sales showed a strengthening trend almost across the board of commodity items, an auspicious development considering the time of year. In the week ending October 18, 2024, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$402 mfbm. This is up +$14, or +4%, from the previous […]
New Chair for the Sinclar Board of Directors
After 14 years of dedicated leadership, Dr. Charles Jago is stepping down as Chair of the Sinclar Group Forest Products Board of Directors. A household name in northern BC, I cannot say enough about the impact that Charles has made on the Sinclar organization. Charles is a long-serving community member of northern BC, providing leadership […]
RYAM Raises $700 million of Debt to Refinance its Capital Structure
Rayonier Advanced Materials Inc. (the “Company” or “RYAM”), the global leader in High Purity Cellulose, announced it has raised $700 million in aggregate principal amount of secured term loan financing (the “Term Loan”) from funds managed by Oaktree Capital Management, L.P., as lead lender, as well as certain affiliates and managed funds of Silver Point Capital, L.P. and Blue Torch Capital LLC. […]
TAL Building Centers Names Gaven Gregory as Vice President of Operations – East
TAL Building Centers, a family-owned building materials provider in the Pacific Northwest, has named Gaven Gregory as its Vice President of Operations – East. Gaven brings extensive leadership experience in retail and business operations, having held key roles at Valley Wide Cooperative, True Value Company, and The Home Depot. Most recently, as executive vice president […]
UFP Industries Announces Third Quarter Results
UFP Industries, Inc. announced third quarter 2024 results including net sales of $1.65 billion, net earnings attributable to controlling interest of $100 million, and earnings per diluted share of $1.64. “Our third quarter results were impacted by softer demand and broad-based pricing pressure which reduced our revenue and profit margins. We are managing through these ongoing challenges by operating […]
Leggett & Platt Reports 3Q Results
3Q sales of $1.1 billion, a 6% decrease vs 3Q23 3Q EPS of $.33; 3Q adjusted1 EPS of $.32, a $.04 decrease vs adjusted1 3Q23 EPS 2024 EPS guidance is ($3.56)–($3.71), including impact of non-cash goodwill impairment charge, restructuring charges, real estate gains, and certain other costs 2024 guidance lowered: adjusted1 EPS of $1.00–$1.10, sales of $4.3–$4.4 billion President and CEO Karl Glassman commented, “We continued to […]
PotlatchDeltic Corporation Reports Third Quarter 2024 Results
PotlatchDeltic Corporation reported net income of $3.3 million, or $0.04 per diluted share, on revenues of $255.1 million for the quarter ended September 30, 2024. Net income was $23.7 million, or $0.29 per diluted share, on revenues of $265.5 million for the quarter ended September 30, 2023. Excluding an after-tax gain on insurance recoveries, adjusted […]
Trex Company Reports Third Quarter 2024 Results
Continued Strength in Consumer Demand for Premium Products New Railing Product Introductions to Accelerate Market Share Gains Provides Update on New Arkansas Facility Reaffirms Full Year 2024 Sales Guidance and Expects to Achieve High End of EBITDA Guidance Range Trex Company, Inc., the world’s largest manufacturer of wood-alternative decking and railing, and a leader in high-performance, […]