Toll Brothers, Inc. (“Toll Brothers” or the “Company”), the nation’s leading builder of luxury homes, has been named the #1 Most Admired Home Builder in the 2023 Fortune magazine survey of the World’s Most Admired Companies, the eighth year the company has achieved this honor. To determine the best-regarded companies, Fortune and its partner Korn Ferry conducted the 2023 survey […]
Conifex Announces Resumption of Power Plant Operations
Conifex Timber Inc. (“Conifex”) announced that it has successfully recommissioned operations at its power plant in Mackenzie, British Columbia and began producing electricity at normalized rates following the previously disclosed disruption caused by damage to the power plant’s turbine. “We appreciate how our power plant team was able to identify the malfunction of the turbine […]
Canadian Pacific Reports Fourth-Quarter Results; Ready to Unite a Continent in 2023
Canadian Pacific Railway Limited (“CP”) announced its fourth-quarter results, including revenues of $2.46 billion, operating ratio (“OR”) of 59.8 percent, adjusted OR1 of 59.1 percent, diluted earnings per share (“EPS”) of $1.36 and core adjusted diluted EPS1 of $1.14. Fourth Quarter 2022 Highlights “We finished the year with the people, capacity and resources in place […]
Kelsey Spitz-Dietrich Named Chief Commercial Officer of UCS Forest Group
It is with great pleasure that we announce the appointment of Kelsey Spitz-Dietrich to Chief Commercial Officer of UCS Forest Group. Kelsey brings extensive experience to the role, most recently spearheading technology projects to transform the business and drive it forward into the digital space. The work she has led has enabled innovative and efficient ways of operating […]
NAHB: A Housing Downturn in 2023 Followed by a Recovery in 2024
The housing recession that began in 2022 will bleed into 2023 as elevated inflation and mortgage rates, coupled with stubbornly high building material construction costs, continue to take a toll on the housing industry and are expected to push the overall economy into a mild recession this year. However, the second half of 2023 could […]
Stora Enso Oyj Financial Statement Release 2022
Delivering the best full year financial performance in 22 years despite Q4 market challenges. Q4/2022 (year-on-year) Year 2022 (year-on-year) Key Highlights Dividend Proposal Outlook Stora Enso remains vigilant against persisting market disruptions and uncertainties, macroeconomic environment and inflationary pressures. Stora Enso enters the new year with market softness and variable cost pressures which are expected to […]
NVR, Inc. Announces Fourth Quarter Results
NVR, Inc., one of the nation’s largest homebuilding and mortgage banking companies, announced net income for its fourth quarter ended December 31, 2022 of $454.8 million, or $133.44 per diluted share. Net income and diluted earnings per share for the fourth quarter ended December 31, 2022 increased 36% and 50%, respectively, when compared to 2021 fourth quarter net income of $334.6 million, or $89.09 per diluted share. […]
BuildDirect Subsidiary Signs US$106,000 Contract with U.S. Construction and Renovation Company
BuildDirect.com Technologies Inc. (“BuildDirect” or the “Company”), a leading omnichannel building material retailer, is pleased to announce that the Company’s wholly-owned U.S. subsidiary, FloorSource Wholesale & Supply (“FloorSource”) has signed an approximately US$106,000 contract with a U.S. construction and renovation company (the “Customer”) in connection with a flooring installation project in New York, United States, that […]
Central Garden & Pet Announces Q1 Fiscal 2023 Financial Results
Central Garden & Pet Company (“Central” or the “Company”), a market leader in the Pet and Garden industries, announced financial results for its fiscal 2023 first quarter ended December 24, 2022. “We delivered first quarter results in line with our guidance which anticipated near-term challenges including the residual impact from last year’s poor garden season, […]
Gibraltar to Record Fourth Quarter 2022 Charge for Processing Business Write-Down
Gibraltar Industries, Inc. (“Gibraltar” and the “Company”), a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, today announced it will record a fourth quarter 2022 non-cash charge estimated to be $14 million, or $0.35 per share, to write down assets associated with its processing equipment business, which was classified as […]