Adjusted EBITDA of $80 million and Net Loss of $50 million INTERFOR CORPORATION (“Interfor” or the “Company”) recorded a Net loss in Q4’24 of $49.9 million, or $0.97 per share, compared to a Net loss of $105.7 million, or $2.05 per share in Q3’24 and a Net loss of $169.0 million, or $3.29 per share […]
Stevens Industries Acquires the Assets of Design Tex Cabinetry LLC
Stevens Industries, Inc., a major manufacturer of Commercial Cabinetry, Furniture and Laminated Panels acquired the assets of Design Tex Cabinetry, a Cabinetry and Millwork Manufacturing Company. Design Tex Cabinetry, headquartered in Suwanee, Georgia, is located in the growing Southeastern United States. Combining the strengths of Design Tex with Stevens will enable the companies to service […]
Freddie Mac: The 30-Year Fixed-Rate Mortgage Continues to Decrease
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.87%. “The 30-year fixed-rate mortgage continued to inch down this week, reaching its lowest level thus far in 2025,” said Sam Khater, Freddie Mac’s Chief Economist. “Recent mortgage rate stability is benefitting potential buyers, as purchase demand is stronger […]
Ingersoll Rand Reports Record Fourth Quarter and Full-Year 2024 Results
Delivered double-digit Adjusted EPS growth in 2024; Well-positioned for strong operational performance in 2025 Ingersoll Rand Inc., a global provider of mission-critical flow creation and life sciences and industrial solutions, reported record results for both the fourth quarter and the full-year 2024. “I am proud of our global team’s strong execution and performance, driven by […]
Sylvamo to Invest $145 Million in South Carolina Facilities
Sylvamo, the world’s paper company, is proud to announce major investments at its two South Carolina facilities. The company plans to invest approximately $145 million in high-return projects to reduce costs and significantly enhance the capabilities at its mill in Eastover, South Carolina. The investments come on the heels of the mill’s 40th anniversary. “We believe […]
La-Z-Boy Incorporated Named to Forbes’ 2025 List of America’s Best Large Employers
La-Z-Boy Incorporated, a global leader in the manufacture and retail of residential furniture, announced that it has been recognized as one of America’s Best Large Employers by Forbes for 2025. The list, produced in partnership with market research firm Statista, recognizes companies that excel across a broad spectrum of industries in six key dimensions: atmosphere […]
Statistics Canada: Investment in Building Construction, December 2024
Overall, investment in building construction rose 1.9% (+$408.1 million) to $21.8 billion in December, with gains recorded across all components. The residential sector grew 2.2% to $15.1 billion while the non-residential sector was up 1.3% to $6.7 billion. Year over year, investment in building construction grew 4.7% in December. On a constant dollar basis (2017=100), investment in building construction increased 1.5% from the previous […]
Canadian Tire Corporation Reports Strong Full-Year and Fourth Quarter 2024 Results
Canadian Tire Corporation, Limited (CTC or the Company) announced results for its fourth quarter and full year ended December 28, 2024. “In the quarter, we charted strong earnings and a return to growth, while observing economic green shoots like improved consumer sentiment and spending,” said Greg Hicks, President and CEO, Canadian Tire Corporation. “The strength […]
Leggett & Platt Reports 4Q and Full Year 2024 Results and Announces Leadership Update for the Specialized Products Segment
4Q sales of $1.1 billion, a 5% decrease vs 4Q23 4Q EPS of $.10, 4Q adjusted1 EPS of $.21, a $.05 decrease vs adjusted1 4Q23 EPS 2024 sales of $4.4 billion, a 7% decrease vs 2023 2024 EPS of ($3.73), 2024 adjusted1 EPS of $1.05, a $.34 decrease vs adjusted1 2023 EPS 2025 guidance: sales of $4.0–$4.3 billion, EPS of $.83–$1.24; adjusted1 EPS of $1.00–$1.20 Sam Smith appointed President of Specialized Products […]
Ethan Allen Opens New Toronto Design Studio in Yorkville Village
Ethan Allen, one of the world’s top interior design brands and makers of custom furniture, has opened a new Design Studio in Toronto’s Yorkville Village shopping mall. The new location, Ethan Allen’s third in the Greater Toronto area, offers yet another convenient way for clients to access Ethan Allen’s interior design service while creating the […]