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Mortgage Applications Decrease in October 21st MBA Weekly Survey

Mortgage applications decreased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 16, 2020. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]

Clayton Homes Strengthens Commitment to Off-site Built Housing Quality & Customer Experience with Establishment of HouseSmart Construction

Clayton Homes, the retail division of Clayton off-site built homes, announces its new HouseSmart Construction™ company. During a time when affordable homeownership has had increasing demand, HouseSmart Construction was formed in response to the general increase of off-site built home purchases and the need to address the complexities of the steps of site construction completed […]

Carlisle Companies Reports Third Quarter Results

Carlisle Companies Incorporated (“Carlisle”, “we” or the “Company”) announced its third quarter 2020 financial results. – CCM reported 22.0% operating margin despite a sales decline of approximately 8% – CIT responded quickly to the downturn with restructuring and diversification efforts, which partially offset global aerospace market declines – Reported EPS of $1.87 includes $0.08 of costs […]

Canadian Pacific Reports Sub-60 Operating Ratio and Revenues of $1.86B

Canadian Pacific Railway Limited (“CP”) announced third-quarter revenues of $1.86 billion, diluted earnings per share (“EPS”) of $4.41, adjusted diluted EPS of $4.12 and an operating ratio of 58.2 percent. “This quarter played out as we expected. Following our record Q2 performance, we steadily built momentum through the quarter and finished strong,” said Keith Creel, […]

NVR, Inc. Announces Third Quarter Result

NVR, Inc., one of the nation’s largest homebuilding and mortgage banking companies, announced net income for its third quarter ended September 30, 2020 of $256,466,000, or $65.11 per diluted share. Net income and diluted earnings per share for the third quarter ended September 30, 2020 increased 15% and 16%, respectively, when compared to 2019 third […]

WestRock Honored for Design Excellence by Paperboard Packaging Council

WestRock Company (“WestRock”), a leading provider of differentiated paper and packaging solutions, was recognized for packaging design excellence at the 77th Annual North American Paperboard Packaging Competition. The company won 18 awards, including two major awards: Rigid Box of the Year and Digital Application of the Year. Sponsored by the Paperboard Packaging Council (“PPC”) and […]

Graphic Packaging Holding Company Reports Third Quarter 2020 Results; Net Organic Sales Growth Exceeds 4%

Graphic Packaging Holding Company (“Graphic Packaging” or the “Company”), a leading provider of packaging solutions to food, beverage, foodservice, and other consumer products companies, today reported Net Income for third quarter 2020 of $63.7 million, or $0.23 per share, based on 278.0 million weighted average diluted shares. This compares to third quarter 2019 Net Income […]

Canadian Pacific Strategic, Multi-Year Rail Agreement with A.P. Moller – Maersk

Canadian Pacific Railway Limited (“CP”) is announced a strategic, multi-year rail agreement with A.P. Moller – Maersk to move freight through the ports of Vancouver and Montreal. The agreement is further to the September 15 announcement regarding the construction of a new, world-class transload and distribution facility in Vancouver to expand CP’s and Maersk Canada’s […]

NAHB: Builder Confidence Continues Record Climb

In a further show of strength for the housing sector, builder confidence in the market for newly-built single-family homes increased two points to 85 in October, further surpassing the previous all-time high of 83 recorded in September, according to the latest NAHB/Wells Fargo Housing Market Index (“HMI”) released today. These are the first two months […]

PPG Reports Record Third Quarter 2020 Financial Results

PPG (or the “Company”) reported third quarter 2020 net sales of about $3.7 billion, down approximately 4% versus the prior year. Selling prices increased by 1.3%. Sales volumes were down about 5% versus the prior year, which reflect ongoing negative economic impacts of the COVID-19 pandemic. Acquisition-related sales added less than 1% to sales growth, […]