Volume Growth Across All Four Major Product Categories Drove Record Levels of Full Year Net Sales and Strong Cash Flow GMS Inc., a leading North American specialty building products distributor, reported financial results for the fourth quarter and fiscal year ended April 30, 2024. Fourth Quarter Fiscal 2024 Highlights (Comparisons are to the fourth quarter […]
U.S. Census Bureau: Monthly New Residential Construction, May 2024
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for May 2024: Building Permits Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,386,000. This is 3.8 percent below the revised April rate of 1,440,000 […]
White Cap Strengthens its Renewable Energy Commitment
White Cap, a leading distributor of specialty construction supplies and safety products for professional contractors, has agreed to offtake the majority of the annual clean energy generated by a 114 MW solar facility under construction in Lamar County, Texas, through a 10-year Virtual Power Purchase Agreement (VPPA). A VPPA is a financial transaction that supports the […]
Obituary: Richard L. Albert
Richard “Dick, Dickie & Trix” Albert, a beloved father, husband, grandfather and great grandfather passed away peacefully with his family by his side as Gosnell House in Scarborough on June 17, 2024. Born September 25, 1937 to Levi and Evelyn (Gordon) Albert from Mattawamkeag Maine. He was the President and co-owner of Builders Supply, Inc […]
MJB Wood Group Appoints Kurt Koehler as Vice President of Commercial Technology
MJB Wood Group is pleased to announce the promotion of Kurt Koehler to the position of Vice President of Commercial Technology. With a remarkable 14-year tenure at MJB Wood Group, Kurt has consistently exemplified exceptional leadership, dedication, and expertise in his various roles. As Vice President of Commercial Technology, Kurt will lead MJB Wood Group’s […]
JOHNSTONE’S PAINT Brand by PPG Announces Long-Term Partnership to be Lead Sponsor of The Masters Snooker Tournament
JOHNSTONE’S PAINT™ brand by PPG has become the lead partner of the World Snooker Tour’s Masters tournament for the next three years PPG announced that its JOHNSTONE’S PAINT™ brand by PPG has become the lead partner of the World Snooker Tour’s Masters tournament for the next three years. The Masters is the most prestigious and […]
NAHB: High Mortgage Rates Act as a Drag on Builder Confidence
Mortgage rates that continue to hover in the 7% range along with elevated construction financing costs continue to put a damper on builder sentiment. Builder confidence in the market for newly built single-family homes was 43 in June, down two points from May, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market […]
Ethan Allen Day: Honoring a Pioneer and a Proud American Brand
On June 21, Ethan Allen will hold its annual Ethan Allen Day celebration at the company’s headquarters, in addition to local events at its Design Centers and manufacturing plants throughout North America. “We’ve celebrated this important milestone since 2016, when the state of Vermont declared June 23 to be Ethan Allen Day,” said Farooq Kathwari, […]
RONA Turns the Spotlight on its Independent Dealers
Interior and exterior signage has been modernized to highlight the entrepreneurship, unique history, and community spirit that characterize RONA affiliated dealers RONA inc., one of Canada’s leading home improvement retailers operating and servicing some 425 corporate and affiliated stores, is launching its new visual identity for stores owned by RONA affiliated dealers. The goal of this […]
Ahlstrom Appoints Konraad Dullaert as EVP for Food and Consumer Packaging Division and Chief Innovation Officer
Konraad Dullaert has been appointed Executive Vice President for Food and Consumer Packaging division and Chief Innovation Officer effective June 19, 2024. He continues as a member of the Executive Management Team. He succeeds Mark Ushpol, who will pursue his career outside Ahlstrom, as previously announced. Konraad joined Ahlstrom in 2023 as EVP for Science, […]