Mid-Cape Home Centers, a division of US LBM, is excited to announce the addition of two newly wrapped Trucks-for-a-Cause to their ever growing ‘Fleet of Hope.’ Joining the ranks are a truck wrapped for Big Brothers Big Sisters and one for Mental Health Awareness, which hit the streets just in time for Mental Health Awareness […]
Wabash Investor Meeting Highlights Refreshed Strategy, Growth Initiatives and 2025 Financial Targets
Wabash successfully executing customer-centric strategy leveraging its First to Final Mile portfolio of solutions to continue to grow sales, margins and recurring revenue. Strategic growth initiatives target solutions for cold chain, parts and services, and ecommerce and logistics disruption. The company’s new strategy and initiatives are anticipated to generate $3.0B of revenue and $3.50 of […]
Weyerhaeuser Completes Acquisition of Timberlands in North and South Carolina
Weyerhaeuser Company today announced the completion of its acquisition of 80,800 acres of high-quality timberlands in North and South Carolina from a fund managed by Campbell Global for approximately $265 million. The transaction was announced in April 2022. With this acquisition, Weyerhaeuser now owns or manages more than 900,000 acres of timberlands in the Carolinas, […]
Ace Hardware Reports Record First Quarter 2022 Results
Ace Hardware Corporation (“Ace” or the “Company”) reported record first quarter 2022 revenues of $2.2 billion, an increase of $181.8 million, or 8.9 percent, from the first quarter of 2021. Net income was $119.8 million for the first quarter of 2022, an increase of $14.4 million from the first quarter of 2021. The increase in […]
Hampton Lumber Announces Local Winners of High School Lumber Wrap Design Contest
Early this year, Hampton Lumber launched its first lumber wrap design contest for high school students living in and around communities where the company operates sawmills. Six winning designs were selected from around 120 submissions. Contest participants were asked to create designs that reflect the local area and the importance of working forests and wood products. Winning […]
U.S. Census Bureau: Monthly New Residential Construction, April 2022
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for April 2022: Building Permits Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,819,000. This is 3.2 percent below the revised March rate of 1,879,000, […]
Lowe’s Reports First Quarter 2022 Sales and Earnings Results
Lowe’s Companies, Inc. (“Lowe’s”) reported net earnings of $2.3 billion, in line with prior-year results, and diluted earnings per share (“EPS”) of $3.51 for the quarter ended April 29, 2022, compared to diluted EPS of $3.21 in the first quarter of 2021. Total sales for the first quarter were $23.7 billion compared to $24.4 billion […]
Lock Out Moisture With New Trex® Seal™ Ledger Tape
Ask any contractor where a deck is most likely to fail and, chances are, they’ll point to the ledger board. If not correctly installed and protected, this single element can be the downfall of a deck’s structure. With this in mind, the makers of Trex® RainEscape® have introduced Trex® Seal™ Ledger Tape, an 11”-wide aluminum-lined butyl tape specifically engineered for use […]
Mortgage Applications Decrease in May 18th MBA Weekly Survey
Mortgage applications decreased 11.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 13, 2022. The Market Composite Index, a measure of mortgage loan application volume, decreased 11.0 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]
Armstrong Flooring Receives Approval for Additional Financing
Armstrong Flooring, Inc. (the “Company”) announced that it has received approval from the U.S. Bankruptcy Court for the District of Delaware to access its consensual debtor-in-possession (“DIP”) financing totaling $24 million in net new money. This financing will provide the Company with the necessary liquidity to continue operating in the ordinary course as it pursues […]