The not seasonally adjusted national construction unemployment rate dropped 1.1% in September 2022 from a year ago, down from 4.5% to 3.4%, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Forty-two states had lower unemployment rates over the same period, Arkansas and Wisconsin were unchanged and […]
Floor & Decor Holdings, Inc. Announces Third Quarter Fiscal 2022 Financial Results
Floor & Decor Holdings, Inc. (“We,” “Our,” the “Company,” or “Floor & Decor”) announces its financial results for the third quarter of fiscal 2022, which ended September 29, 2022. Tom Taylor, Chief Executive Officer, stated, “We are pleased with our fiscal 2022 third-quarter financial results and excited about approaching 14 consecutive years of comparable store […]
Statistics Canada: Building Permits September 2022
The total value of building permits in Canada fell 17.5% in September to $10.2 billion, the largest recorded monthly decline. This was the first time all survey components posted monthly decreases since September 2019. Both the residential (-15.6% to $7.0 billion) and the non-residential (-21.5% to $3.2 billion) sector posted declines. On a constant dollar basis (2012=100), the total value […]
Freddie Mac: Mortgage Rates Dip Under Seven Percent
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.95 percent. “Mortgage rates continue to hover around seven percent, as the dynamics of a once-hot housing market have faded considerably,” said Sam Khater, Freddie Mac’s Chief Economist. “Unsure buyers navigating an unpredictable landscape keeps demand […]
Masonite International Corporation to Acquire Endura Products
Masonite International Corporation (“Masonite”) today announced that a wholly owned subsidiary has entered into a definitive agreement to acquire the holding company of Endura Products (“Endura”), for approximately $375 million in cash, subject to customary closing adjustments and regulatory approval. Aligns with the Masonite Doors That Do MoreTM strategy by accelerating innovation across the door system […]
Kamps, Inc. Strengthens Pallet Capabilities and Expands Portfolio of Services with the Acquisition of Realm Companies LLC, a Multi-Entity Company Based in Iowa.
Kamps, Inc. (“Company”), one of the nation’s leading pallet organizations, is pleased to announce the strategic acquisition of Realm Companies LLC (“Realm”), a portfolio company of Great Range Capital based out of Newton, IA. Specializing in the complete lifecycle management of pallets, Realm offers pallet manufacturing, pallet recovery, and sustainable recycling services. As the parent […]
Gibraltar Announces Third Quarter 2022 Financial Results
Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, today reported its financial results for the three-month period ended September 30, 2022. “2022 is unfolding in line with our expectations as our focus on simplifying operations and margin recovery pays off. Our operating […]
Tempur Sealy Reports Third Quarter Results
Tempur Sealy International, Inc. (NYSE: TPX) announced financial results for the third quarter ended September 30, 2022. The Company also issued updated financial guidance for the full year 2022. Third Quarter 2022 Financial Summary Total net sales decreased 5.5% to $1,283.3 million as compared to $1,358.3 million in the third quarter of 2021. On a constant currency basis(1), total net sales decreased […]
Marvin Names Joe Sedgwick Chief Financial Officer
Marvin, a premium manufacturer of windows and doors, announced Joe Sedgwick as its new chief financial officer today. Sedgwick will join the company’s senior leadership team, oversee its financial performance and support the development of deeper organizational functional capabilities. “Joe has a proven track record of success at world-class global organizations and we are thrilled […]
ABC Supply Co., Inc. Expands Into Canada With the Acquisition of the Monarch Group of Companies
ABC Supply Co., Inc., the nation’s largest wholesale distributor of roofing, siding and other select exterior and interior building products, has acquired the Monarch Group of Companies, which includes Monarch Siding Centre Inc., Monarch Exterior Centre Inc. and Monarch Metal Systems Inc. Monarch is a premier supplier of siding, roofing and select exterior building materials throughout Alberta, Canada. The acquisition adds the […]