Rayonier Advanced Materials Inc. (the “Company”) reported a net loss of $23 million or $(0.36) per diluted share for the quarter ended June 25, 2022, compared to net income of $122 million or $1.89 per diluted share for the same prior year quarter. The net loss from continuing operations for the quarter ended June 25, […]
Koppers Reports Second Quarter 2022 Results
Koppers Holdings Inc., an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today reported net income attributable to Koppers for the second quarter of 2022 of $11.7 million, or $0.55 per diluted share, compared to $26.9 million, or $1.22 per diluted share, in the prior year quarter. Adjusted net income attributable to Koppers and adjusted earnings […]
Freddie Mac: Mortgage Rates Drop Below Five Percent
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 4.99 percent. “Mortgage rates remained volatile due to the tug of war between inflationary pressures and a clear slowdown in economic growth,” said Sam Khater, Freddie Mac’s Chief Economist. “The high uncertainty surrounding inflation and […]
The AZEK Company Announces Third Quarter Fiscal 2022 Financial Results
The AZEK Company Inc. (the “Company” or “AZEK”), the industry-leading manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech® decking, Versatex® and AZEK Trim® and StruXure™ pergolas, announced financial results for the third quarter ended June 30, 2022 of its fiscal year 2022. Third Quarter Fiscall 2022 Highlights Consolidated net sales increased […]
WestRock Reports Fiscal 2022 Third Quarter Results
WestRock Company, a leading provider of sustainable paper and packaging solutions, today announced results for its fiscal third quarter ended June 30, 2022. Record quarterly net sales of $5.5 billion increased 14.6% year-over-year Net income of $378 million increased $128 million year-over-year, or 51.1%. Adjusted Net Income of $396 million increased $128 million year-over-year, growing […]
Beacon Reports Second Quarter 2022 Results
Beacon (the “Company”, “we”, “our”) announced results for the second quarter ended June 30, 2022 (“2022”). “Beacon’s second quarter results are outstanding, with record setting top-line and bottom-line performance,” said Julian Francis, Beacon’s President & CEO. “Our team’s commitment to best-in-class service combined with solid end market demand and margin enhancing initiatives delivered the 10th […]
Floor & Decor Announces Promotion of Trevor Lang to President
Floor & Decor Holdings, Inc. (the “Company”), a leading specialty retailer of hard surface flooring, announced today that Trevor Lang, Executive Vice President and Chief Financial Officer, will be promoted to the role of President. The Company will conduct a search for a new Chief Financial Officer, which will include internal and external candidates. Mr. […]
Cornerstone Building Brands Signs CEO Action for Diversity & Inclusion Commitment
Cornerstone Building Brands, the largest manufacturer of exterior building products in North America, has joined the CEO Action for Diversity & InclusionTM, the largest CEO-driven business commitment to advance diversity and inclusion in the workplace. Cornerstone Building Brands President and CEO Rose Lee joins more than 2,000 other CEOs in making the milestone pledge. “Cornerstone Building […]
ABC: Construction Unemployment Is Under 2% in 10 States
The not seasonally adjusted national construction unemployment rate plunged 3.8% in June 2022 from June 2021, down from 7.5% to 3.7%. Meanwhile, all 50 states had lower unemployment rates over the same period, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Ten states had […]
Drax Group to Acquire Canadian Pellet Plant
Drax Group has signed an agreement with Princeton Standard Pellet Corporation (“PSPC”) to acquire its pellet plant in Princeton, British Columbia, Canada. The plant, which has been operating since 1995, has the capacity to produce 90,000 tonnes of wood pellets a year, primarily from sawmill residues. Around half of the output from the plant is […]