Floor & Decor, a leading specialty retailer of hard-surface flooring, will expand its nationwide footprint when it opens the doors to its newest location in Tomball, Texas on October 28, 2022. This opening marks the 11th warehouse store in the Houston market. The Floor & Decor warehouse store and design center will open with a team […]
Do it Best Mourns the Loss of Board Member Rich Lender
The Do it Best team extends their heartfelt condolences to the family of Rich Lender, newly elected member of the Do it Best Board of Directors, who died in a car accident on October 25. Lender’s introduction to our industry began with a job at a hotel construction and management company where he worked closely […]
Cavco Announces Planned Acquisition of Solitaire Homes
Cavco Industries, Inc. (“Cavco” or the “Company”) announced that it has signed a binding offer to acquire the business of Solitaire Homes, Inc. and other related entities (collectively “Solitaire Homes”), including its four manufacturing facilities, twenty-two retail locations and its dedicated transportation operations. Solitaire Homes is headquartered in Duncan, Oklahoma. For the calendar year ending […]
Canfor Reports Results for Third Quarter of 2022
Canfor Corporation (“The Company” or “Canfor”) reported its third quarter of 2022 results: Overview Q3 2022 reported operating income of $108.6 million; quarterly sales of $1.7 billion Downward pressure on global lumber market fundamentals and pricing following highs earlier in the year Reduced Western Canadian operating schedules & European seasonal downtime led to lower shipments Strong global […]
Mercer International Inc. Reports Third Quarter and Nine Months 2022 Results
Mercer International Inc. reported third quarter 2022 Operating EBITDA of $140.9 million similar to $148.1 million in the third quarter of 2021 and $145.1 million in the second quarter of 2022. Selected Highlights Third quarter net income of $66.7 million and Operating EBITDA* of $140.9 million Record year to date net income of $227 million […]
Carlisle Companies Reports Record Third Quarter Results
Carlisle Companies Incorporated (“Carlisle”) announced its third quarter 2022 financial results. Generated record year-over-year third quarter revenues of $1.8 billion, up 36.4% (28.3% organic) Delivered record GAAP Diluted EPS of $4.84 and Adjusted Diluted EPS of $5.66, an increase of 89.3% from prior year Underlying trends in U.S. non-residential construction markets remained strong Significant interest […]
Canfor Pulp Reports Results for Third Quarter of 2022
Canfor Pulp Products Inc. (“The Company” or “CPPI”) reported its third quarter of 2022 results: Overview Q3 2022 reported operating income of $19 million; net income of $16 million, or $0.25 per share Strong global pulp fundamentals principally led by supply shortages; significant uptick in NBSK pulp unit sales realizations Improved pulp production following capital-related downtime earlier in the […]
Weyerhaeuser Reports Third Quarter Results
Weyerhaeuser Company (NYSE: WY) today reported third quarter net earnings of $310 million, or 42 cents per diluted share, on net sales of $2.3 billion. This compares with net earnings of $482 million, or 64 cents per diluted share, on net sales of $2.3 billion for the same period last year and net earnings of $788 million for the second quarter of 2022. There were no […]
Fortune Brands Home & Security Announces it is Rebranding as Fortune Brands Innovations, Inc., Effective Following Separation of Cabinets Business
Fortune Brands Home & Security, Inc. (the “Company”, or “Fortune Brands”), an industry-leading home and security products company, announced it intends to change its name to Fortune Brands Innovations, Inc., to better reflect its evolution as a business focused on driving accelerated growth in its categories through brand and innovation. As part of this new identity and […]
ABC: Investment in Structures Falls Again in Third Quarter Even as US Economy Expands
The U.S. economy expanded at a 2.6% annualized rate in the third quarter of 2022, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Economic Analysis. Investment in nonresidential structures decreased at an annual rate of 15.3% for the quarter and has now contracted in 10 of […]