Emerson (NYSE: EMR) and NI (Nasdaq: NATI) today announced that they have entered into a definitive agreement under which Emerson will acquire NI for $60 per share in cash at an equity value of $8.2 billion. Emerson already owns approximately 2.3 million shares of NI, representing approximately 2% of shares outstanding, which were acquired at […]
US LBM’s Commitment to Careers for Veterans Featured on Military Makeover: Operation Career
US LBM, a leading distributor of specialty building materials in the United States, will be featured on an upcoming episode of Military Makeover: Operation Career®, a television series that highlights employers that provide rewarding career opportunities for veterans of the armed forces. The full episode spotlights US LBM, featuring five company associates who are representative of US […]
Floor & Decor Launches the Grand Opening of its 10th Atlanta Area Store in Peachtree City, Georgia
Floor & Decor (NYSE: FND) a leading specialty retailer of hard-surface flooring, will expand its nationwide footprint when it opens the doors to its newest location in Peachtree City, Georgia. This store opening marks the company’s tenth area store in the Atlanta market, including nine warehouse stores and one Design Studio. The Floor & Decor warehouse […]
Statistics Canada: Investment in Building Construction, February 2023
Investment in building construction went up 1.0% to $20.6 billion in February, with all components posting gains. The residential sector rose 1.1% to $15.0 billion, while the non-residential sector was up 0.8% to $5.6 billion. On a constant dollar basis (2012=100), investment in building construction increased 0.2% to $11.9 billion. Single-family home construction in Nova Scotia helps drive residential investment Investment in residential […]
Kamps, Inc. Announces Opening of New Facility in San Antonio, Expanding the Company’s Reach into South-Central Texas
Kamps, Inc., one of the nation’s leading pallet companies, is pleased to announce the opening of a new pallet facility in San Antonio, Texas. The facility will begin operations immediately. Services provided out of the San Antonio facility include wooden pallet recycling and custom pallet manufacturing, two of Kamps’ core competencies. The latest expansion comes […]
Apogee Enterprises Reports Fiscal 2023 Fourth Quarter and Full Year Results
Apogee Enterprises, Inc. announced its fiscal 2023 fourth-quarter and full-year results. Fourth-quarter revenue grew 4.9 percent to $344.1 million, compared to $328.0 million in the fourth quarter of fiscal year 2022, led by double-digit growth in Architectural Framing Systems and Architectural Glass. Earnings per diluted share were $0.91, which included a discrete $1.1 million income tax benefit related to the Sotawall […]
Mortgage Applications Increase in April 12th MBA Weekly Survey
Mortgage applications increased 5.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 7, 2023. The Market Composite Index, a measure of mortgage loan application volume, increased 5.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]
BuildDirect Reports Fourth Quarter and Year End 2022 Financial Results
BuildDirect.com Technologies Inc. (“BuildDirect” or the “Company”) a leading omnichannel building material retailer, today announced its financial results for the Q4 2022 (“Q4 2022”) and full-year audited financial results for the year ended December 31, 2022 (“Full Year 2022”). “We are pleased to announce Q4 2022 results, which further strengthens the progress the collective team has made to […]
The Home Depot Announces Grants for 36 HBCUs at 2023 Retool Your School Awards Celebration
In the 14th year of its Retool Your School program, The Home Depot® awarded 36 Historically Black Colleges and Universities (HBCUs) with more than $2 million in grants to improve their college campuses. Alabama A&M University, Coahoma Community College and Fisk University placed first in their respective competition clusters, each winning a $150,000 grant. The 2023 Retool Your School program was expanded […]
Madison’s Reporter: Soft Demand Brings Lower Lumber Prices
Lumber prices dropped yet again at the end of March, as demand remained soft and customers skeptical. While sawmills were able to book order files out two weeks or longer, most buying remained just-in-time. Almost no one was stocking inventory, which is a bit odd given the time of year. Usually by the end of […]