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Interfor Reports Q4’24 Results

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 […]

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 […]

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 […]

Wabash Acquires TrailerHawk.ai to Enhance Trailers as a Service Offering with Advanced Cargo Security Technology

This acquisition brings TrailerHawk.ai Founder and CEO Brett Suma to Wabash to lead the development and scaling of innovative solutions tailored to logistics providers Wabash, a premier provider of diverse solutions that optimize customers’ end-to-end supply chains across transportation, logistics and infrastructure markets, announced the acquisition of TrailerHawk.ai, a provider of advanced cargo security and […]

Allegion to Acquire Lemaar, Expanding Security and Accessibility Portfolio in Australia

Allegion plc, a leading global security products and solutions provider, through one of its subsidiaries, has signed a definitive agreement to acquire Lemaar Australia Pty Ltd (Lemaar), a privately held door hardware company based in Victoria, Australia. This acquisition is expected to close in the first quarter of 2025, subject to customary closing conditions. Founded in […]

Beacon Issues Statement in Response to QXO’s Director Nominations

Nominations Represent Apparent Attempt to Pressure Beacon’s Board into Accepting an Unchanged Offer Price That Significantly Undervalues Beacon’s Full Intrinsic Value and Prospects for Growth Follows the Beacon Board’s Unanimous Rejection of QXO’s Unsolicited Tender Offer No Shareholder Action Is Required at This Time Beacon (the “Company”) announced that its Board of Directors (the “Board”) has […]

Boise Cascade Promotes Joanna (Jo) Barney to Executive Vice President of Building Materials Distribution

Boise Cascade Company (Boise Cascade) announced that Joanna (Jo) Barney will be the new Executive Vice President of their Building Materials Distribution (BMD) division, effective February 17, 2025. In this role, Jo will oversee the Company’s 40+ distribution facilities, including millwork and door shops, across the U.S. Jo joined Boise Cascade in 2005. Prior to this promotion, Jo was the Senior Vice […]