La-Z-Boy Incorporated, a global leader in residential furniture, today reported record-setting first-quarter results for the quarter ended July 30, 2022. Fiscal 2023 first-quarter highlights versus prior year: Consolidated sales increased 15% to $604 million, a first-quarter record – Operating profit and operating margin were also all-time first-quarter records Retail segment sales increased 30% to $236 million, an all-time quarterly record – […]
Georgia-Pacific is Investing More Than $20 million in its Lebanon, Tennessee Plant
Georgia-Pacific is making a significant investment of more than $20 million at its plant in Lebanon, Tennessee. Its existing corrugator will be replaced with a new one to provide the plant with more throughput and provide customers with a better-quality product. “This is as much an investment in our current and future customers as it […]
Clyde Companies Names Vice President, Chief Strategy & Marketing Officer
Clyde Companies has announced the hiring of Ally Isom as its Vice President and Chief Strategy & Marketing Officer, effective Sept. 6, 2022. In this newly created position, Isom will utilize her extensive knowledge to oversee all aspects of marketing & communications, government & public affairs, corporate travel, and community impact within Clyde Companies. “We […]
U.S. Census Bureau: Monthly New Residential Sales, July 2022
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for July 2022: New Home Sales Sales of new single-family houses in July 2022 were at a seasonally adjusted annual rate of 511,000, according to estimates released jointly today by the U.S. Census Bureau […]
PPG Invests $11 million to Double Powder Coatings Capacity in Mexico
PPG announced that it will invest $11 million to double the production capacity of its powder coatings plant in San Juan del Rio, Mexico. The expansion project is expected to be completed by mid-2023 and will allow the plant to meet the expected future demand for powder coatings in Mexico. “With this investment, the plant […]
Kodiak Building Partners Claims Position on Acclaimed Inc. 5000 List of Fastest Growing Private Companies for Fifth Year Running
Kodiak Building Partners has secured its reputation as a growing national leader within the lumber and building materials distribution industry by earning a place on the prestigious Inc. 5000 list of rapidly growing American companies. For the 2022 list, Kodiak is ranked No. 4,106, placing them as the 189th fastest-growing company in construction and building […]
Gibraltar Acquires Quality Aluminum Products for $54 Million
Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, today announced it has acquired Quality Aluminum Products (QAP), a manufacturer of residential building products, for $54 million in cash, subject to customary adjustments for working capital. QAP manufactures aluminum and steel products including soffit, […]
Conifex Provides Operational Updates
Conifex Timber Inc. (“Conifex”) (TSX: CFF) announced that it is reducing its operating schedule to a one-shift basis at its Mackenzie, British Columbia sawmill commencing August 29, 2022. The reduction is the result of acute transportation challenges that have afflicted the overall industry since about November 2021, and which continue to persist. The reduced operating […]
Music, Art and Family Fun at Ashley for the Arts Brings Nearly $650,000 in Donations for 70+ Area Non-Profits
It was a successful weekend in Arcadia at Ashley for the Arts that took place August 11-13. The annual three-day music and arts festival hosted tens of thousands of fans with an array of headline entertainment, art and craft vendors, rows of food vendors, an inflatable air park, a lumberjack show, street performers, fireworks and […]
Flexsteel Industries, Inc. Reports Fiscal Fourth Quarter and Full Year 2022 Results
Flexsteel Industries, Inc. (“Flexsteel” or the “Company”), one of the largest manufacturers, importers, and marketers of residential furniture products in the United States, today reported fourth quarter and full-year fiscal 2022 results. Key Results for the Fourth Quarter and Full Year Ended June 30, 2022 Net sales for the quarter decreased by 8.6% to $124.5 million compared to $136.2 million in […]