The Aaron’s Company, Inc. , a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, announced financial results for the first quarter ended March 31, 2022. First Quarter Same Store Revenues Increased 9.6% on a Two-Year Basis Lease Portfolio Size Ended First Quarter Up Year-Over-Year Diluted EPS of $0.68; Non-GAAP Diluted EPS of $0.87 2022 […]
Packaging Corporation of America Reports First Quarter 2022 Results
Packaging Corporation of America reported first quarter 2022 net income of $254 million, or $2.70 per share, and net income of $256 million, or $2.72 per share, excluding special items. First quarter net sales were $2.1 billion in 2022 and $1.8 billion in 2021. Diluted earnings per share attributable to Packaging Corporation of America shareholders Three Months Ended March 31 2022 2021 Change Reported Diluted EPS $ […]
Flexsteel Industries, Inc. Reports Fiscal Third Quarter 2022 Results
Flexsteel Industries, Inc. (“Flexsteel” or the “Company”), one of the largest manufacturers, importers, and online marketers of furniture products in the United States, reported third-quarter fiscal 2022 financial results. Key Results for the Third Quarter Ended March 31, 2022 Net sales for the quarter increased 18.6% to $140.4 million compared to $118.4 million in the prior-year quarter. Operating cash flow for […]
PotlatchDeltic Corporation Reports First Quarter 2022 Results
PotlatchDeltic Corporation reported net income of $163.9 million, or $2.35 per diluted share, on revenues of $411.4 million for the quarter ended March 31, 2022. Excluding after tax special items consisting of a non-cash pension settlement charge and a net loss on fire damage, adjusted net income was $174.6 million, or $2.50 per diluted share […]
UFP Industries Announces the Planned Retirement of President and COO Pat Webster
UFP Industries, Inc. (“UFP”) announced that President and COO Pat Webster will retire at the end of 2022 after a remarkable career spanning nearly four decades at the company. Over the next several months, Pat’s duties will be transferred to existing or new members of the leadership team as part of the company’s 2020 reorganization […]
Stora Enso to Divest its Sawmills and Forest Operations in Russia
Stora Enso (the “Company”) has entered into an agreement to divest its two sawmills in Russia. The Company’s Nebolchi and Impilahti sawmills will be divested to local management. In addition, the divestment includes Stora Enso’s Russian forest operation which through its harvesting supplies wood to the sawmills. Stora Enso’s assessment is that due to the […]
Commercial Metals Completes Acquisition of Tensar Corporation
Commercial Metals Company (“CMC”) announced that it has successfully completed the acquisition of TAC Acquisition Corp. (“Tensar”) from Castle Harlan, a New York-based private equity firm, for a cash purchase price of $550 million, subject to customary purchase price adjustments. Tensar is a leading global provider of innovative ground stabilization and soil reinforcement solutions, selling […]
Canadian Pacific and Hapag-Lloyd Announce Additional Seasonal Call Into Port Saint John
Canadian Pacific (“CP”) and Hapag-Lloyd AG (“Hapag-Lloyd”) announced an additional call into Port Saint John, N.B., via a seasonal extra loader in another step forward for the growing Atlantic Canada port. This additional call follows their inaugural service call into Port Saint John in May 2021, connecting via CP rail service to inland markets in […]
Woodgrain Announces Extension of Tender Offer for Huttig Building Products
Woodgrain Inc. (“Woodgrain”) today announced that it is extending its previously announced tender offer to purchase all outstanding shares of common stock of Huttig Building Products, Inc. (“Huttig”) until 11:59 p.m., New York City time, on Monday, May 2, 2022. As announced on March 28, 2022, Woodgrain commenced, through its wholly owned subsidiary HBP Merger […]
Combining Technology With Personal Service, Ethan Allen Debuts New Design Center in Walnut Creek, CA
Ethan Allen, a leading global interior design company and renowned manufacturer and retailer of quality home furnishings, has just debuted its newest Design Center in Walnut Creek, CA. One of several openings, including a recent opening in Westport, CT, that the company has slated for 2022, the new Design Center showcases the timeless aesthetic of […]