Amidst a backdrop of record high lumber prices, NAHB is seeking to address supply chain disruptions and tariffs that are contributing to price volatility in the marketplace. Toward this end, letters were sent last week to Commerce Secretary Wilbur Ross, U.S. Trade Representative Robert Lighthizer and Zoltan van Heyningen, executive director of the U.S. Lumber […]
The Home Depot Opening Three New Distribution Centers in Georgia
The Home Depot® (or the “company”) announced that it will open three new distribution centers in Georgia over the next 18 months to support the growing demand for flexible delivery and pick-up options for Pro and DIY customers. The expansion is projected to bring approximately 1,000 additional jobs to the Atlanta area, including full-time and […]
Ethan Allen Reports Fiscal Year 2020 and Fourth Quarter Results
Ethan Allen Interiors, Inc. (“Ethan Allen” or the “Company”) provided several updates on its business and reported financial results for its fiscal year and fourth quarter ended June 30, 2020. Business Update The Company’s fourth quarter of fiscal 2020 saw unprecedented disruption around the world as a result of the rapid spread of COVID-19. Farooq […]
LP Reports Second Quarter 2020 Results and Announces Quarterly Dividend
Louisiana-Pacific Corporation (“LP”) reported its financial results for the three and six months ended June 30, 2020. Key Highlights for the Second Quarter – Total net sales decreased by seven percent to $548 million: LP® SmartSide® strand revenue increased by four percent to $207 million; OSB segment revenue increased by three percent to $204 million […]
WestRock Reports Fiscal 2020 Third Quarter Results
WestRock Company (“WestRock”), a leading provider of differentiated paper and packaging solutions, today announced results for its fiscal third quarter ended June 30, 2020. WestRock is executing its differentiated strategy with financial strength and substantial liquidity. Given the uncertainties associated with the severity and duration of the COVID-19 pandemic, the Company is focused on meeting […]
Canadian Pacific Saddened By Passing of Former Executive & Board Member William R. Fatt
Canadian Pacific Railway Limited (“CP”) is deeply saddened to learn of the passing of former executive and board member William R. (“Bill”) Fatt. “Bill Fatt was a consummate business leader, with the background, financial knowledge and overall gravitas to take on big challenges and turn them into successes,” said Keith Creel, CP President and Chief […]
JELD-WEN Announces Second Quarter 2020 Margin Expansion From Strong Price Realization and Improved Operational Performance
JELD-WEN Holding, Inc. (“JELD-WEN”) announced results for the three and six months ended June 27, 2020, including second quarter net revenue of $992.3 million, net income of $23.1 million, adjusted EBITDA of $125.7 million, earnings per share (“EPS”) of $0.23, and adjusted EPS of $0.47. Second Quarter 2020 Highlights – Adjusted EBITDA margin increased 130 […]
Clearwater Paper Reports Second Quarter 2020 Results
Clearwater Paper Corporation (“Clearwater Paper” or the “company”),a premier supplier of quality tissue and bleached paperboard products, reported financial results for the second quarter and first six months of 2020. Second Quarter Highlights – Delivered strong performance due to continued elevated demand for tissue products and solid operational execution – Net income of $23 million, […]
Emerson Reports Third Quarter 2020 Results and Raises Full Year 2020 Guidance
Emerson reported results for the third fiscal quarter ended June 30, 2020 and announced updated guidance for the full year. Third quarter GAAP net sales were down 16 percent and underlying sales were down 15 percent excluding unfavorable currency of 1 percent. Revenue declines were in-line with management expectations, as COVID-19 negatively affected nearly all […]
US LBM Acquires Maner Builders Supply
US LBM Holdings, LLC (“US LBM”), a leading distributor of specialty building materials in the United States, has acquired Maner Builders Supply, a multifaceted building products dealer that operates locations in Augusta, Ga. and Aiken and Charleston, S.C. With this acquisition, US LBM now operates 22 locations across the Carolinas and in Georgia. Maner Builders […]