Rayonier Advanced Materials Inc. (the “Company”) today issued the following statement in response to Chatham Asset Management LLC’s (“Chatham”) open letter to stockholders: The Rayonier Board of Directors is committed to acting in the best interest of its stockholders and has a track record of stockholder engagement. The Company’s management team has attempted to engage […]
Hooker Furnishings Reports Sales & Earnings for 2022 Fiscal Year
Hooker Furnishings Corporation today reported consolidated net sales of $593.6 million for its 2022 fiscal year ended January 30, 2022, a $53.5 million, or 9.9%, increase compared to a year ago. The revenue gain was driven by sales increases of over 20% in both the Hooker Branded and Domestic Upholstery segments compared to the prior […]
Madison’s Reporter: Lumber Prices Drop on Shortened Sawmill Order Files
Western S-P-F producers in the United States reduced asking prices on some of their more commonly-traded commodities in an effort to entice circumspect customers. And in Canada, while prices remained wildly variable and confusing to buyers, downward pressure was evident for Western S-P-F lumber items. As we approach the time of year when most of […]
PPG Completes COLORFUL COMMUNITIES Project at Forget Me Not Children’s Hospice in Huddersfield, UK
PPG announced the completion of a COLORFUL COMMUNITIES® project that helped revitalize part of the Forget Me Not Children’s Hospice in Huddersfield, United Kingdom. The project brought together more than 40 volunteers from PPG and professional painting firm Bell Group, who spent three days beautifying Russell House, which is the heart of the hospice. PPG […]
Belco Forest Products Personnel Moves
Belco Forest Products, a leading producer of treated exterior millwork products for the building industry, is pleased to announce that Kevin Hayes is now heading up market development efforts for the state of California. Kevin is responsible for sales with existing customers and hunting for new opportunities throughout the channel. Kevin has been with Belco […]
Interfor to Sell Acorn Sawmill in British Columbia to San Group
Interfor Corporation (“Interfor” or the “Company”) announced that it has reached an agreement to sell its Acorn specialty sawmill located near Vancouver, British Columbia (“B.C.”) (the “Mill”) to an affiliate of San Industries Ltd. (the “San Group”). The Mill is located on an approximately 30-acre leased site on the Fraser River in Delta, B.C. The […]
NAHB: Inflation Hits Another New 40-Year High in March
Driven by higher food, gasoline and housing cost, consumer prices continued to accelerate in March. This marked the sixth straight month for inflation above a 6% rate and was the fastest annual pace since December 1981. Though gas prices have fallen slightly from their March highs, the pace of inflation will likely stay high in […]
International Paper Company Announces Officer Changes
On April 12, 2022, Vincent P. Bonnot, Vice President, Finance, and Controller of International Paper Company (the “Company”) was named Vice President, Financial Planning and Analysis, effective May 1, 2022. Additionally, Holly G. Goughnour was appointed as Vice President, Finance, and Controller, effective May 1, 2022. Ms. Goughnour, age 45, currently serves as Vice President, […]
Biewer Sawmill in Winona, MS Ships First Truckload
John A. Biewer Company (Biewer Lumber), headquartered in St. Clair, MI, announced that the first truckload has shipped from their latest sawmill in Winona, MS, earlier this month. The Winona facility is Biewer’s second facility in the south. Production will be 250+ MMBF annually. “We have had a great experience with our mill in Newton, […]
NAR Study Shows Lack of Affordable Housing Biggest Obstacle to Home Buying
The lack of affordable homes is the top obstacle holding back potential home buyers of all races, but other obstacles to homeownership varied by race/ethnicity according to a new report released today by the National Association of Realtors®. NAR partnered with Morning Consult for its latest study, 2022 Obstacles to Home Buying, which explores current obstacles […]