McGrath RentCorp (the “Company”), a diversified business-to-business rental company, today announced total revenues for the quarter ended March 31, 2022 of $145.4 million, an increase of 20%, compared to the first quarter of 2021. The Company reported net income of $18.8 million, or $0.77 per diluted share, for the first quarter of 2022, compared to […]
Freddie Mac: Mortgage Rates Hover at Five Percent
Freddie Mac today released the results of its Primary Mortgage Market Survey® (“PMMS”®), showing that the 30-year fixed-rate mortgage (“FRM”) averaged 5.10 percent. “The combination of swift home price growth and the fastest mortgage rate increase in over forty years is finally affecting purchase demand,” said Sam Khater, Freddie Mac’s Chief Economist. “Homebuyers navigating the current environment are […]
PPG to Invest $17 Million to Build Aerospace Application Support Center in France
PPG announced that it will invest $17 million to build an aerospace application support center (ASC) in Toulouse, France. PPG anticipates breaking ground for the new facility in the third quarter of 2022 and beginning operations in the fourth quarter of 2023. The facility will be strategically located near aerospace customers and the Toulouse Blagnac […]
Patrick Industries, Inc. Reports First Quarter 2022 Financial Results
Patrick Industries, Inc. (“Patrick” or the “Company”), a leading component solutions provider for the RV, marine, manufactured housing (“MH”) and industrial markets today reported financial results for the first quarter ended March 27, 2022. First Quarter 2022 Highlights (compared to First Quarter 2021 unless otherwise noted) Net sales of $1.3 billion increased 58%, reflecting momentum in […]
Carlyle Reports First Quarter 2022 Financial Results
Global investment firm The Carlyle Group Inc. today reported its unaudited results for the first quarter ended March 31, 2022. The full detailed presentation of Carlyle’s first quarter 2022 results can be viewed here. Carlyle CEO Kewsong Lee said, “Our relentless focus on investment excellence served us well amidst the current market volatility, as our […]
International Paper Reports First Quarter 2022 Results
International Paper (“IP”) today reported first quarter 2022 financial results. First Quarter 2022 Highlights First quarter net earnings (loss) attributable to International Paper of $360 million ($0.95 per diluted share) compared with $107 million ($0.28 per diluted share) in the fourth quarter of 2021 and $349 million ($0.88 per diluted share) in the first quarter […]
Tempur Sealy Reports First Quarter Results
Tempur Sealy International, Inc. (the “Company”) announced financial results for the first quarter ended March 31, 2022. The Company also issued updated financial guidance for the full year 2022. First Quarter 2022 Financial Summary Total net sales increased 18.7% to $1,239.5 million as compared to $1,043.8 million in the first quarter of 2021. On a constant currency basis(1), total net sales increased 19.8%, with an increase of 5.5% […]
CLAW Forestry Locating Sawmill Operations in Southwest Mississippi
• CLAW Forestry creating over 130 direct jobs • Company investing nearly $200 million in sawmill CLAW Forestry Services, LLC announced today that an affiliate is locating a state-of-the-art sawmill in Gloster within Amite County. The project represents a corporate investment of nearly $200 million and will create 131 direct jobs and support an additional […]
NAR: Pending Home Sales Sag 1.2% in March
Pending home sales dropped in March, signifying five straight months that contract activity has declined, according to the National Association of Realtors®. Month-over-month, only the Northeast saw an increase in contract signings, while the three other major U.S. regions experienced declines in transactions. All four regions reported decreases in year-over-year contract activity. Key Highlights Pending […]
Tractor Supply Kicks Off Spring Paper Clover Campaign in Support of 4-H Youth
Tractor Supply Company (“Tractor Supply”), in partnership with National 4-H Council (“4-H”), is kicking off its 12th Paper Clover campaign, a bi-annual fundraiser that generates millions of dollars in scholarships for 4-H youth. Donations from the campaign will strengthen educational programs and provide students with the opportunity to engage in enriching camps, conferences and community […]