Interfor Corporation (“Interfor” or the “Company”) recorded Net earnings in Q3’22 of $3.5 million, or $0.06 per share, compared to $269.9 million, or $4.92 per share in Q2’22 and $65.6 million, or $1.05 per share in Q3’21. Adjusted net earnings in Q3’22 were $31.5 million compared to $280.2 million in Q2’22 and $46.7 million in […]
Beacon Reports Third Quarter 2022 Results
Beacon (the “Company”, “we”, “our”) announced results for the third quarter ended September 30, 2022 (“2022”). Highest quarterly sales in Beacon’s history driven by price and volume growth across all lines of business resulting in record third quarter bottom line results Acquisition of Coastal Construction Products makes Beacon a significant national player in specialty waterproofing products, […]
Cavco Industries Second Quarter Fiscal 2023 Earnings Release
Cavco Industries, Inc. (“we,” “our,” the “Company” or “Cavco”) announced financial results for the second fiscal quarter ended October 1, 2022, provided further discussion on the planned acquisition of Solitaire Homes, Inc. and provided updates on other business items. Second Quarter Highlights Net revenue increased to $577 million, or 60.6%, compared to $360 million in the second quarter of the prior year, […]
Western Announces Third Quarter 2022 Results
Western Forest Products Inc. (“Western” or the “Company”) reported net income of $6.6 million and adjusted EBITDA of $17.3 million in the third quarter of 2022. Results reflect compressed margins on lower lumber production and shipments and $23.1 million of inventory provisions, partly offset by an $18.0 million export tax recovery. Net income in the […]
Doman Building Materials Group Ltd. Announces Third Quarter 2022 Financial Results
Doman Building Materials Group Ltd. (“Doman” or “the Company”) announced its third quarter 2022 financial results(1) for the period ended September 30, 2022. Q3 2022 Financial Highlights(1): Revenues increased by 19.0% to $744.1 million Gross Margin at 12.3% Adjusted EBITDA(3) amounted to $40.0 million Net Earnings(4) amounted to $11.6 million Quarterly dividend of $0.14 per share paid, the […]
Lowe’s Announces Sale of Canadian Retail Business to Sycamore Partners
Lowe’s Companies, Inc. (“Lowe’s”) announced that it has entered into a definitive agreement to sell its Canadian retail business to Sycamore Partners, a private equity firm specializing in retail, consumer and distribution-related investments, for $400 million in cash, and performance-based deferred consideration. Based in Boucherville, Quebec, Lowe’s Canadian retail business operates or services approximately 450 corporate and independent […]
James Hardie Industries Announces Management Appointments
James Hardie Industries plc (“James Hardie” or the “company”), the world’s #1 producer and marketer of high-performance fiber cement and fiber gypsum building solutions, today announces the appointment of Christian Claus as President Europe. Mr. Claus joins James Hardie as President Europe from a successful leadership career in large global industrial B2B and B2B2C businesses. Mr. […]
James Hardie Industries Announces Chairperson Appointment
James Hardie Industries plc (“James Hardie” or the “company”), the world’s #1 producer and marketer of high-performance fiber cement and fiber gypsum building solutions, announces that Anne Lloyd, previously announced as the Chairperson successor on 10 August 2022, has been officially appointed as the Chairperson, effective 3 November 2022 Dublin time. Commenting on the announcement, outgoing […]
US LBM Acquires North Carolina Truss Manufacturer Comtech
US LBM, a leading distributor of specialty building materials in the United States, has acquired Comtech, a manufacturer and supplier of structural roof and floor trusses located in North Carolina. Founded in 1970, Comtech manufactures floor and roof trusses and provides engineered wood products to builders in the Carolinas, including Raleigh, Pinehurst and Greenville, and […]
The Massachusetts Retail Lumber Dealers Association Awards Tony Shepley a Lifetime Achievement Award
The Massachusetts Retail Lumber Dealers Association (“MRLDA”) recently gathered for their 123rd annual meeting where Tony Shepley of Shepley Wood Products was honored with a Lifetime Achievement Award. The MRLDA Lifetime Achievement Award honors an individual for their cumulative contributions to the lumber industry. It is a special recognition to a person who has truly […]