Cabinetworks Group, the country’s largest privately-owned cabinet manufacturer, hosted a ribbon-cutting event to mark the grand opening of the company’s new headquarters in Livonia, Michigan, on December 7. The event included remarks from Cabinetworks Group leadership as well as special guests including Michigan 22nd House District Representative Matt Koleszar and City of Livonia Mayor Maureen […]
Freddie Mac: Nearing Seven Percent, Mortgage Rates Continue to Decrease
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.03 percent. “The 30-year fixed-rate mortgage averaged near 7 percent this week, down from nearly 7.80 percent just six weeks ago,” said Sam Khater, Freddie Mac’s Chief Economist. “When rates began to rapidly drop, purchase applications […]
Trex Awarded Three Prestigious Accolades for Sustainability
Composite Decking Leader Honored by Lowe’s, Newsweek and Investor’s Business Daily Trex Company [NYSE:TREX], the world’s largest manufacturer of wood-alternative composite decking and railing, and a leader in high-performance, low-maintenance outdoor living products, recently earned three high-profile accolades for its ongoing commitment to sustainability. Lowe’s honored Trex with its 2023 Sustainability Award, the company earned recognition as one of […]
Carlisle Companies Releases Vision 2030 Strategy and Financial Targets
Carlisle Companies Incorporated (NYSE:CSL), a leading supplier of innovative building products and solutions, today released a video and presentation featuring its Vision 2030 strategy and financial targets. Vision 2030 outlines the next phase of profitable growth and superior returns following the pivot of Carlisle’s portfolio of general industrial businesses to a pure play building products company […]
Hooker Furnishings Posts Double-Digit Income Gains in Third Quarter
Hooker Furnishings Corporation (NASDAQ-GS: HOFT), a global leader in the design, production, and marketing of home furnishings for nearly a century, today reported operating results for its fiscal 2024 third quarter and nine-month period ended October 29, 2023. Fiscal 2024 Third Quarter Overview: Management Commentary “Despite a challenging macroeconomic environment for the home furnishings industry, […]
GMS Reports Second Quarter Fiscal 2024 Results
Strong Multi-Family and Commercial Activity During the Quarter Amid An Improving Single-Family Demand Backdrop GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, today reported financial results for the fiscal second quarter ended October 31, 2023. Second Quarter Fiscal 2024 Highlights (Comparisons are to the second quarter of fiscal 2023) “We were […]
Ambassador Supply Acquires Ideal Steel
Ambassador Supply has acquired Ideal Steel, a highly-regarded leading regional manufacturer of components and pre-engineered steel buildings. Located in Broussard, Louisiana, the manufacturer has over 20 years of experience serving industrial, commercial, agricultural, and residential markets. This acquisition strengthens both companies’ commitments to providing high-quality products and impacting the industry. “We’re thrilled to welcome Ideal […]
VIDA to Invest in Bruza Sawmill in Hjältevad, Sweden
VIDA AB, owned 70% by Canfor Corporation (TSX:CFP), announced today that it will invest approximately 700 million SEK (CAD$85 million) at its Bruza Sawmill in Hjältevad, expanding production from 175 million board feet to 240 million board feet. This major investment includes a new highcapacity planing mill equipped with the latest technology, a new boiler, […]
Canadian National to Acquire Iowa Northern Railway
Acquisition Will Provide Options for Shipping to and from Iowa Canadian National (“CN”) announced that it has signed and closed an agreement to acquire Iowa Northern Railway (“IANR”), which operates approximately 275 track miles in Iowa connecting to CN’s U.S. rail network. The transaction closed into an independent voting trust pending regulatory review of the […]
Greif Reports Fourth Quarter and Fiscal 2023 Results
Greif, Inc. (NYSE: GEF, GEF.B), a world leader in industrial packaging products and services, today announced fourth quarter and fiscal 2023 results. Fourth Quarter Results Include (all results compared to the fourth quarter 2022 unless otherwise noted): Fiscal Year Results Include (all results compared to the fiscal year 2022 unless otherwise noted): Strategic Actions and Announcements CEO Commentary “I am deeply proud of […]