Wood products company Setra has reported an operating loss of SEK -69 million (369) for the fourth quarter of 2022. Net sales totalled SEK 1,395 million (1,563). “The wood products market continued to weaken during Q4 in terms of the general price level, while demand improved, which reduced our stocks to a normal level. However, […]
Bassett Announces Fiscal Fourth Quarter Results
Bassett Furniture Industries, Inc. announced its results of operations for its fourth quarter ended November 26, 2022. We posted revenue of $121.0 million in our fourth quarter, a 5.8% increase against the backdrop of an increasingly difficult macroeconomic environment as we head into another year. Operating profit of $6.7 million was slightly ahead of last year even though we made […]
Cornerstone Building Brands CEO Rose Lee Named to National Association of Manufacturers Board of Directors
Cornerstone Building Brands, the largest manufacturer of exterior building products in North America, today announced that President and CEO Rose Lee has been named to the National Association of Manufacturers (NAM) Board of Directors. Lee will join the NAM Board to bolster the association’s leadership in policy advocacy, legal action, workforce solutions, operational excellence, and […]
Masco Corporation Reaches $5 Million Milestone in Grant Program Aimed at Driving Diversity, Equity and Inclusion in Workplaces
Masco Corporation is pleased to announce that through its Masco Million Differences campaign it has cumulatively made $5 million in cash donations over the last five years to nonprofit organizations that support diversity, equity and more inclusive practices in America’s workplaces. Between 2018 and 2022, over 140 nonprofit organizations working to break down barriers to […]
84 Lumber Set to Accelerate Expansion Plans
84 Lumber, the largest privately owned building materials supplier in the U.S., currently operates 310 facilities which includes 234 stores, 14 component manufacturing plants, 28 engineered wood product centers (EWP) and 34 door shops. The company plans to open new facilities and make improvements to 54 existing locations to increase its market share by the end […]
BuildDirect Subsidiary Announces Integration of RFMS Enterprise Resource Planning Software
BuildDirect.com Technologies Inc. (TSXV: BILD) (“BuildDirect” or the “Company”), a leading omnichannel building material retailer, is pleased to announce that the Company’s wholly-owned U.S. subsidiary, Superb Flooring Covering, LLC (“Superb”), has integrated the RFMS Inc.’s Enterprise Resource Planning (ERP) software. Superb specializes in large-scale commercial and construction contracts and as a result, the Company adopted this […]
Union Pacific Reports Fourth Quarter and Full Year 2022 Results
Union Pacific Corporation today reported 2022 fourth quarter net income of $1.6 billion, or $2.67 per diluted share. This compares to 2021 fourth quarter net income of $1.7 billion, or $2.66 per diluted share. Reported net income for full year 2022 was $7.0 billion, or $11.21 per diluted share. These full year results compare to […]
Mirax Group to Acquire Lyle Forest Products in Chilliwack, BC
Mirax Group announced that it has reached an agreement to acquire Lyle Forest Products (“Lyle”) located in Chilliwack, BC. Established in 1972, Lyle Forest Products is a premier value-added lumber facility dealing with Pacific Coast Hemlock and Western Red Cedar. For the past 50 years Lyle has been producing only the highest quality of paneling, […]
Update on Tolko’s BC Facilities
Tolko Industries announced that downtime at its Soda Creek and Armstrong Lumber divisions will continue through the month of February. “We do not make these decisions lightly,” says Troy Connolly, Vice President of Solid Wood. “We have an extremely committed workforce at these operations whose families and communities rely on Tolko. We will continue to […]
Sinclar Announces Temporary Production Curtailments at Lumber Operations
Sinclar Group Forest Products Ltd. announced it is curtailing its lumber operations at Apollo Forest Products in Fort St. James, Lakeland Mills in Prince George, and Nechako Lumber Co. in Vanderhoof, for two weeks, effective January 30th. “There are factors outside of our control that are having a detrimental impact on our business,” said Sinclar […]