Gibraltar Industries, Inc., a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, today reported its financial results for the three-month period ended September 30, 2021. “Our team executed well and delivered solid results despite significant acceleration of inflation and supply chain disruption that exceeded our expectations going […]
JELD-WEN President and CEO Gary S. Michel Named Chairman of the Board
The board of directors of JELD-WEN Holding, Inc., a leading global manufacturer of building products, has elected Gary S. Michel, president, chief executive officer and current director of JELD-WEN, to chairman of the board, effective immediately. Michel has served as a board member since 2018 and replaces Matthew Ross, who is stepping down. Suzanne Stefany, […]
Mortgage Applications Increase in October 27th MBA Weekly Survey
Mortgage applications increased 0.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 22, 2021. The Market Composite Index, a measure of mortgage loan application volume, increased 0.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]
Madison’s Reporter: Lumber Prices Continue Rising Following Canadian Thanksgiving
As explained by Madison’s many times in the past, as far as the seasonal cycle of lumber sales — thus prices — goes, normally after the Labour Day long weekend demand starts to drop and by US Thanksgiving demand reaches the annual low. This didn’t happen last year, and has not been happening this year. […]
Tractor Supply Named to IBD’s 100 Best ESG Companies Of 2021
Tractor Supply Company, the largest rural lifestyle retailer in the United States, announced it has been named to Investor’s Business Daily’s (IBD) 100 Best ESG (Environmental, Social and Governance) Companies of 2021. This recognition is the first time the Company has been featured on the annual list. “Tractor Supply has a longstanding commitment to sustainability […]
Steelcase Acquires Spanish Design Company Viccarbe
Steelcase Inc. (“Steelcase”) announced it has acquired Viccarbe Habitat, S.L., a Spanish designer of contemporary furniture for high-performance collaborative and social spaces. The acquisition builds on more than 10 years of successful partnership between Viccarbe and Steelcase. Founded in Valencia in 2000 by Victor Carrasco and Daniel Benedito, Viccarbe’s heritage and Spanish roots are a […]
Canfor Pulp Reports Results for Third Quarter of 2021
Canfor Pulp Products Inc. (“The Company” or “CPPI”) reported its third quarter 2021 results: Overview -Q3 2021 reported operating income of $16 million -Net income of $12 million, or $0.19 per share -Available liquidity of $153 million at September 30, 2021 The following table summarizes selected financial information for CPPI for the comparative periods: Q3 […]
Fortune Brands Reports Strong Sales and Profit Growth in 3Q 2021
Fortune Brands Home & Security, Inc. (the “Company”, or “Fortune Brands”), an industry-leading home and security products company, announced third quarter 2021 results. Highlights from operations: -3Q 2021 sales increased 20 percent year-over-year and approached $2.0 billion -3Q 2021 earnings per share (EPS) increased 24 percent to $1.45 per share versus the prior-year-quarter; EPS before […]
Canfor Reports Results for Third Quarter of 2021
Canfor Corporation (“The Company” or “Canfor”) reported its third quarter 2021 results: Overview -Q3 2021 reported operating income of $331 million driven by solid lumber segment results despite a sharp decline in North American lumber prices from prior quarter all-time highs -Record quarterly earnings for the Company’s European lumber operations -Shareholder net income of $210 […]
Trex Company Announces Plans for Third U.S. Production Site
Trex Company, the world’s #1 brand of wood-alternative decking and high-performance, low-maintenance, eco-friendly outdoor living products, and category leader for innovation and sales, has announced plans to develop a new multi-faceted production site in Little Rock, Ark. The company, which continues to experience broad-based demand driven by increasing consumer interest in outdoor living, believes that […]