Dorel Industries Inc. announced results for the second quarter and six months ended June 30, 2020. Second quarter revenue was US$724.0 million, compared to US$670.0 million, up 8.1% from the same period a year ago. Reported net income was US$11.1 million or US$0.34 per diluted share, compared to US$2.8 million or US$0.09 per diluted share […]
Kodiak Building Partners Announces Formation of Jenkins Drywall and Insulation
Kodiak Building Partners and Jenkins Lumber and Hardware announces the formation of a greenfield drywall and insulation distribution operation, Jenkins Drywall and Insulation (“JDI”), based in Etna, Wyoming. Clint Carter, Director of Corporate Development and Real Estate, and Dave Jenkins, President of Jenkins Lumber, identified the opportunity in this unique market and knew that the […]
Graphic Packaging Holding Company Announces Second $250 Million Acquisition of International Paper’s Minority Partnership Interest
Graphic Packaging Holding Company, (the “Company” or “Graphic Packaging”), announced that International Paper has notified the Company of its intent to continue the monetization process of its ownership interest in Graphic Packaging International Partners, LLC (the “Partnership”). Per the agreement, the Partnership will purchase approximately 17.4 million partnership units from International Paper for $250 million. […]
Morbark Announces Leadership Change
Morbark, LLC, a leading manufacturer of equipment used in forestry, recycling, tree care, landscaping, sawmill, and biomass markets, announced the appointment of Bradley (Brad) Boehler as the successor to current Vice President of Alamo Group’s Forestry and Tree Care Business Unit and President of Morbark Holdings, Dave Herr, effective August 24, 2020. Herr joined Morbark […]
HDI Announces Second Quarter 2020 Results
Hardwoods Distribution Inc. (“HDI” or the “Company”) announced financial results for the three and six months ended June 30, 2020. HDI is North America’s largest wholesale distributor of architectural grade building products to the residential, repair and remodel, and commercial construction markets, with a comprehensive US and Canadian distribution network. Second Quarter Highlights – Second […]
Domtar Corporation Reports Preliminary Second Quarter 2020 Financial Results and Announces Strategic Initiatives
Domtar Corporation (“Domtar” or the “Company”) reported net earnings of $19 million ($0.34 per share) for the second quarter of 2020 compared to net earnings of $5 million ($0.09 per share) for the first quarter of 2020 and net earnings of $18 million ($0.28 per share) for the second quarter of 2019. Sales for the second […]
84 Lumber Opens New Truss Plant in Mansfield, Ohio
84 Lumber, the nation’s largest privately held building materials supplier, is continuing to expand with its newest truss plant opening in Mansfield, Ohio. The plant is fully automated and outfitted with the latest design software, computerized saws and laser projection equipment. It is now building trusses and servicing customers throughout the Columbus and Cleveland markets. […]
Interfor Reports Q2’20 Results
Interfor Corporation (“Interfor” or the “Company”) recorded net earnings in Q2’20 of $3.2 million, or $0.05 per share, compared to $6.3 million, or $0.09 per share in Q1’20 and a net loss of $11.2 million, or $0.17 per share in Q2’19. Adjusted net earnings were $10.6 million in Q2’20 compared to $0.7 million in Q1’20 and […]
Beacon Reports Third Quarter 2020 Results
Beacon (the “Company”) announced results for its third quarter and nine-month period ended June 30, 2020 (“2020”). “Fiscal third quarter results were highlighted by exceptional operating cost and cash flow performance,” said Julian Francis, Beacon’s President and Chief Executive Officer. “Our team rapidly implemented a broad-based cost reduction strategy beginning in March, resulting in meaningful […]
Do it Best Partners with Nation’s Best to Drive Growth
Do it Best Corp. announces a joint venture with Nation’s Best Holdings, a growing family of 10 locally-branded home improvement stores operated across 3 states by Do it Best Member-owner Chris Miller. “In the highly competitive home improvement business environment, growth is an absolute imperative,” said Do it Best President & CEO Dan Starr. “We […]