Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.39 percent. “This week, mortgage rates inched down slightly amid recent volatility in the banking sector and commentary from the Federal Reserve on its policy outlook,” said Sam Khater, Freddie Mac’s Chief Economist. “Spring is typically […]
WestRock Reports Fiscal 2023 Second Quarter Results
WestRock Company (NYSE:WRK), a leading provider of sustainable paper and packaging solutions, today announced results for its fiscal second quarter ended March 31, 2023. Second Quarter Highlights and other notable items: “The WestRock team delivered a solid second quarter, demonstrating the strength of our integrated and diversified packaging business,” said David B. Sewell, chief executive […]
Leggett & Platt Announces Annual Meeting Results and Changes to Board of Directors
Leggett & Platt’s annual meeting of shareholders was held this morning. Shareholders elected as directors the 11 nominees proposed by the Board; ratified the selection of PricewaterhouseCoopers as the Company’s independent registered public accountant for 2023; endorsed the compensation of the Company’s named executive officers; and approved the recommended advisory vote on executive compensation every year. No other […]
Sylvamo Announces Senior Leadership Changes
Sylvamo (NYSE: SLVM), the world’s paper company, is announcing senior leadership changes effective July 1. Greg Gibson, senior vice president and general manager, North America, will be elected senior vice president, Commercial Excellence, until his retirement March 31, 2024. Gibson joined the industry in 1982 and has served in various sales, marketing, general management and […]
Teck and CPKC Announce Long-term Rail Agreement
Canadian Pacific Kansas City Limited (TSX: CP) (NYSE: CP) (“CPKC”) and Teck Resources Limited (TSX: TECK.A) (TSX: TECK.B) (NYSE: TECK) (“Teck”) announced today that CPKC and Teck Coal Limited have entered into a long-term rail agreement for the transportation of steelmaking coal from Teck’s four operations in southeastern B.C. The agreement builds on existing services […]
Mercer International Inc. Reports First Quarter 2023 Results
Mercer International Inc. (Nasdaq: MERC) today reported first quarter 2023 Operating EBITDA of $27.5 million, net of a $15.2 million non-cash inventory impairment charge, a decrease from $154.5 million in the first quarter of 2022 and $96.1 million in the fourth quarter of 2022. In the first quarter of 2023, net loss was $30.6 million […]
Floor & Decor Holdings, Inc. Announces First Quarter Fiscal 2023 Financial Results
Floor & Decor Holdings, Inc. (NYSE: FND) (“We,” “Our,” the “Company,” or “Floor & Decor”) announces its financial results for the first quarter of fiscal 2023, which ended March 30, 2023. Tom Taylor, Chief Executive Officer, stated, “We take pride in these first-quarter 2023 earnings results as they demonstrate the continuing strong execution of our […]
Western Announces First Quarter 2023 Results
Western Forest Products Inc. (“Western” or the “Company”) reported a net loss of $17.7 million in the first quarter of 2023, as compared to a net loss of $21.4 million in the fourth quarter of 2022, and net income of $38.0 million in the first quarter of 2022. Results in the first quarter of 2023 […]
Central Garden & Pet Announces Q2 Fiscal 2023 Financial Results
Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) (“Central”), a market leader in the Pet and Garden industries, today announced its second quarter fiscal 2023 financial results for the period ended March 25, 2023. “Consistent with what we shared last month, Central delivered second quarter earnings per share of $0.90 in the face of […]
Emerson Reports Second Quarter 2023 Results; Updates 2023 Outlook
Emerson (NYSE: EMR) today reported results for its second quarter ended March 31, 2023 and updated its full year outlook for fiscal 2023, which are presented on a continuing operations basis. Emerson also declared a quarterly cash dividend of $0.52 per share of common stock payable June 9, 2023 to stockholders of record May 12, […]