Mutts Across America Program Makes Surprise Donation in Every State Miranda Lambert’s MuttNation Foundation has joined forces for the fourth consecutive year with Tractor Supply Company, the largest rural lifestyle retailer in the United States, to donate more than $250,000 to animal shelters across the nation. Through MuttNation’s Mutts Across America program, one outstanding shelter or foster-based rescue in […]
Hillenbrand Reports Fiscal Third Quarter 2024 Results
Revenue of $787 million increased 10% compared to prior year; organic revenue decreased 8% GAAP EPS of $(3.53) decreased from $0.60 in the prior year primarily due to non-cash impairment charges of $265 million; adjusted EPS of $0.85 decreased 11% compared to prior year Previously announced restructuring program remains on track to deliver $20 million […]
Emerson Reports Third Quarter 2024 Results
Emerson reported results1 for its third quarter ended June?30, 2024 and updated its full year outlook for fiscal 2024. Emerson also declared a quarterly cash dividend of $0.525 per share of common stock payable September 10, 2024 to stockholders of record on August 16, 2024. Management Commentary “Emerson delivered another strong quarter, with solid underlying orders […]
LP Building Solutions Reports Second Quarter 2024 Results
Louisiana-Pacific Corporation (LP), a leading manufacturer of high-performance building products, reported its financial results for the three and six months ended June 30, 2024. Key Highlights for Second Quarter 2024, Compared to Second 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 […]
Rayonier Reports Second Quarter 2024 Results
Second quarter net income attributable to Rayonier of $1.9 million ($0.01 per share) on revenues of $173.6 million Second quarter pro forma net income of $3.7 million ($0.02 per share) Second quarter operating income of $12.4 million, pro forma operating income of $13.1 million, and Adjusted EBITDA of $55.7 million Year-to-date cash provided by operations of $107.6 million and cash available for distribution (CAD) of $59.6 million Rayonier Inc. reported second […]
Stella-Jones Announces Second Quarter Results
Sales increased 8% compared to prior year, to $1,049 million Infrastructure products sales grew 17%, building upon an 18% growth in Q2 2023 Operating income increased 13% to $168 million, representing a margin(1) of 16.0% EBITDA(1) increased 14% to $200 million, representing an EBITDA margin(1) of 19.1% Net income increased to $110 million or $1.94 per share, up 13% from Q2 2023 EPS Stella-Jones Inc. (“Stella-Jones” or the “Company”) announced financial […]
ABC Supply Co., Inc. Acquires the Assets of America Building Materials
ABC Supply Co., Inc., the largest wholesale distributor of roofing and other select exterior and interior products in North America, has acquired the assets of America Building Materials, located at 1516 S Grande Vista Ave. in Los Angeles, California. This acquisition establishes the first ABC Supply location in Los Angeles and the tenth within the surrounding market. […]
Department of Labor Finds East Texas Pallet Manufacturer Continues to Defy Federal Safety Regulations
M&H Crates Inc. faces $254K in penalties after 2024 follow-up inspection Despite receiving warnings and citations for more than a decade, a Jacksonville pallet manufacturer’s history of failing to protect employees from the risk of amputation continues, a U.S. Department of Labor follow-up inspection has found. Inspectors with the department’s Occupational Safety and Health Administration returned to […]
CoreLogic: Annual US Home Price Growth Below 5% for Second Consecutive Month as June Home Prices Cool
U.S. home prices posted a 4.7% year-over-year gain in June, with only one state posting double-digit gains By summer 2025, prices are predicted to slow to 2.3% as home price growth continues to slow In June, home prices were up only 0.3% from the month before, half the rate of seasonal increase seen in June […]
Madison’s Reporter: Lumber Prices Moderate Toward Same Level as One Year Ago
Demand for much of the North American solid wood commodities showed improvement this week, particularly SPF lumber and studs. In the week ending July 26, 2024, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$348 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is up +$18, or +5%, from […]