President and CEO Mitch Dolloff commented, “We delivered first quarter results that were above our expectations but lower than our record first quarter results last year. Operating results were largely in line with our expectations, but several expenses were lower than expected in the first quarter. Given continued demand volatility, our full year guidance range remains unchanged. […]
Flexsteel Industries, Inc. Reports Fiscal Third Quarter 2023 Results
Flexsteel Industries, Inc. (NASDAQ:FLXS) (“Flexsteel” or the “Company”), one of the largest manufacturers, importers, and marketers of residential furniture products in the United States, today reported third quarter fiscal year 2023 financial results. Key Results from the Third Quarter Ended March 31, 2023 GAAP to non-GAAP reconciliations follow the financial statements in this press release. Management Commentary “I […]
Commercial Metals Company Acquires Geogrid Manufacturing Plant
Commercial Metals Company (NYSE: CMC) (“CMC”) today announced it has acquired a geosynthetics manufacturing facility from BOSTD – America. The facility, located in Blackwell, Oklahoma, currently produces several product lines for Tensar Geogrid under a contract manufacturing arrangement. This acquisition will not immediately increase Tensar’s manufacturing capacity, but provides enhanced flexibility in Tensar’s supply chain, as well as […]
Floor & Decor Launches the Grand Opening of its 7th Washington DC Area Store in Aspen Hill, Maryland
Floor & Decor (NYSE: FND) a leading specialty retailer of hard-surface flooring, will expand its nationwide footprint when it opens the doors to its newest location in Aspen Hill, Maryland. This store opening marks the company’s seventh store in the Washington DC market, including six warehouse stores and one Design Studio. The Floor & Decor warehouse […]
Do it Best Announces Team Hires and Promotions – May 2023
Do it Best is pleased to announce the following additions to its team. Further, Do it Best Corp. proudly recognizes these promotions within the corporate office team. About Do it Best Based in Fort Wayne, IN, Do it Best is the only US-based, member-owned comprehensive and fully integrated hardware, lumber, and building materials buying cooperative […]
Allegion Releases 2022 Annual Report, ESG Metrics
Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has released its 2022 Annual Report, environmental, social and governance (ESG) updates and additional year-in-review content, all available at www.allegion.com. Digital Annual Report & More Updates Allegion’s “Annual Report & More” microsite features a collection of digital updates on the company and its performance, including […]
Bliffert Lumber & Hardware Merges in Chase Lumber
Bliffert Lumber & Hardware has merged in Madison area Chase Lumber and it’s three locations in Sun Prairie, DeForest and McFarland, Wisconsin. Chase Lumber has been serving South Central Wisconsin and the surrounding area since 1897 specializing in lumber, millwork, windows, cabinets, decking, kitchens and baths. “Joining forces with Bliffert and combining nearly 2-1/2 centuries of serving the building industry […]
TAL Holdings Announces Acquisition of Ennis Lumber Company and Beaverhead Home Center
TAL Holdings, one of the fastest growing family-owned building material centers in the Pacific Northwest, announced its agreement in principle to acquire Ennis Lumber Company and Beaverhead Home Center, a two-store chain in western Montana. “We are thrilled to have Ennis Lumber Company and Beaverhead Home Center join the TAL family,” said Jason Blair, CEO […]
Patrick Industries, Inc., Completes Acquisition of BTI Transport
Patrick Industries, Inc. (“Patrick” or the “Company”), a leading component solutions provider for the Leisure Lifestyle and Housing markets, announced today that it has completed the acquisition of Elkhart, Indiana-based BTI Transport (“BTI”), a leader in marine transportation. The company, which will now operate as Patrick Marine Transport, further strengthens Patrick’s position as a leading […]
Beacon Adds Location To Support East Texas Contractors
Beacon announced that it has opened a greenfield location in Longview, Texas. The Longview branch services the east Texas market supporting Gregg County customers. “We are pleased to expand Beacon’s footprint in this growing corridor where Interstate 20 and U.S. highways 80 and 259 converge,” commented Peter Lippert, Beacon’s Regional Vice President, Texas. “This new branch is stocked […]