PotlatchDeltic Corporation announced that its Board of Directors approved a new $200 million share repurchase program. This program replaces the existing $100 million share repurchase program authorized in August 2018. “Returning cash to our shareholders through opportunistic share repurchases remains an important part of our capital allocation strategy,” said Jerry Richards, vice president and chief […]
Hillenbrand Completes Acquisition of Herbold Meckesheim
Hillenbrand, Inc. announced it has completed the acquisition of Herbold Meckesheim GmbH (“Herbold”) for an enterprise value of approximately €79 million. “The successful completion of the Herbold Meckesheim acquisition is another meaningful step that delivers on our commitment to grow as a world-class industrial company, execute our strategy to deliver long-term shareholder value, and accelerate […]
Greif Reports Third Quarter 2022 Results
Greif, Inc., a global leader in industrial packaging products and services, announced third quarter 2022 results. Third Quarter Financial Highlights include (all results compared to the third quarter of 2021 unless otherwise noted): Net income of $141.8 million or $2.36 per diluted Class A share increased compared to net income of $113.0 million or $1.89 per […]
Floor & Decor Launches the Grand Opening of its First Store in the Twin Cities
Floor & Decor a leading specialty retailer of hard-surface flooring, will expand its nationwide footprint when it opens the doors to its newest location in Maple Grove, Minnesota on September 7, 2022. The Floor & Decor warehouse store and design center will open with a team of about 50 full-time and part-time associates led by […]
Most Lumber Prices Flatten on Holiday Slowdown
As we continue to enjoy summer bliss, the calendar moves inexorably into autumn. It is usual for this time of year for most lumber prices to be soft or softening, as most large-volumes buyers (IE: large US home builders) have received the wood they need for ongoing and expected projects. There is an interesting symmetry […]
FHFA: U.S. House Prices Rise 17.7 Percent over the Last Year; Up 4.0 Percent from the First Quarter
U.S. house prices rose 17.7 percent from the second quarter of 2021 to the second quarter of 2022 according to the Federal Housing Finance Agency House Price Index (“FHFA HPI®”). House prices were up 4.0 percent compared to the first quarter of 2022. Federal Housing Finance Agency’s (“FHFA”) seasonally adjusted monthly index for June was up 0.1 percent from May. “Housing prices […]
Building Industry Partners Adds Fire Protection Industry Veteran Steve Shaffer as Operating Partner
Building Industry Partners (“BIP”), the leading private equity investment firm focused on the U.S. building industry, welcomes Steve Shaffer as an Operating Partner. Mr. Shaffer will help support BIP and Endeavor Fire Protection (“Endeavor”), BIP’s new fire and life safety platform. Mr. Shaffer brings nearly four decades of fire protection industry experience. He joins BIP […]
ABC Supply Co. Inc. Names 74 New Managing Partners
ABC Supply Co. Inc., the nation’s largest wholesale distributor of roofing, siding and other select exterior and interior building products, recently promoted 74 branch managers to managing partners. To be selected as a managing partner, branch managers must meet rigorous requirements in associate development, customer satisfaction, branch performance, safety compliance and excellence in overall business practices. “These individuals […]
Construction Job Openings Up by 22,000 in July, Says ABC
The construction industry had 375,000 job openings in July, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings increased by 22,000 last […]
JELD-WEN Announces Strategic Review of its Australasia Business
JELD-WEN Holding, Inc., a leading global manufacturer of building products, today announced that it has initiated a comprehensive review of strategic alternatives for its Australasia business. “We are executing on our strategy to maximize shareholder value and position JELD-WEN for long-term success,” said David Nord, chair of the JELD-WEN board of directors. “As part of […]