Mohawk Industries, Inc. (“Mohawk Industries”) announced 2021 third quarter net earnings of $271 million and diluted earnings per share (“EPS”) of $3.93. Adjusted net earnings were $272 million, and EPS was $3.95, excluding restructuring, acquisition and other charges. Net sales for the third quarter of 2021 were $2.8 billion, up 9.4% as reported and 8.7% […]
Freddie Mac: Mortgage Rates Rise in October 28th Report
Freddie Mac released the results of its Primary Mortgage Market Survey® (“PMMS”®), showing that the 30-year fixed-rate mortgage (“FRM”) averaged 3.14 percent. “The yield on the 10-year Treasury note has been trending up due to the decline in new COVID cases, increasing consumer optimism, as well as broadening inflation and persistent shortages,” said Sam Khater, Freddie Mac’s Chief […]
Mercer International Inc. Reports 3Q Results
Mercer International Inc., reported third quarter 2021 Operating EBITDA increased to a record $148.1 million from $45.6 million in the third quarter of 2020 and from $83.8 million in the second quarter of 2021. In the third quarter of 2021, net income was $69.1 million (or $1.05 per basic share and $1.04 per diluted share) […]
NAR: Pending Home Sales Dip 2.3% in September
Pending home sales dipped in September, retreating slightly following a previous month of growth, according to the National Association of Realtors®. Each of the four major U.S. regions saw contract activity decline month-over-month and year-over-year, with the Northeast weathering the largest yearly drop. Key Highlights – Contract signings fell 2.3% in September from August. – […]
Canadian Pacific 2020 Corporate Sustainability Report
Canadian Pacific (“CP”) published its 2020 corporate sustainability report highlighting the company’s successes and achievements on its journey to being sustainably driven. This report provides an overview of CP’s continued progress in three sustainability areas of focus: operating safety, maintaining operational excellence throughout the network, and managing the social impact of CP’s work. “We are […]
Patrick Industries, Inc. Reports Third Quarter 2021 Financial Results
Patrick Industries, Inc. (“Patrick”), a leading component solutions provider for the RV, marine, manufactured housing (“MH”) and industrial markets reported financial results for the third quarter ended September 26, 2021. Third Quarter 2021 Highlights (compared to Third Quarter 2020 unless otherwise noted) – Net sales of $1.1 billion increased 51%, reflecting momentum in all end […]
Domtar Announces Second Worker Found at Windsor Mill
Domtar received confirmation from the Sûreté du Québec this morning of the tragic news regarding the second worker, Mr. Hugo Paré, who also lost his life following the collapse of a scaffolding on October 26 at approximately 1:35 a.m. at the company’s Windsor mill. This loss is in addition to Mr. Yan Baillargeon, who was […]
GMS Board Members Recognized Among the Most Influential Black Corporate Directors by Savoy Magazine
GMS, Inc. (“GMS”), a leading North American specialty distributor of interior building products, is pleased to announce that two members of its Board of Directors, Teri P. McClure and Randolph W. Melville, were named to Savoy Magazine’s 2021 Most Influential Black Corporate Directors list. The publication is a cultural catalyst for the African American community […]
Dorel Announces Judgment of Luxembourg Administrative Court
Dorel Industries Inc. (“Dorel”) announces that the Luxembourg Administrative Court has confirmed on appeal the previously-announced decision of the Luxembourg Administrative Tribunal to the effect that one of Dorel’s wholly-owned subsidiaries owes €54.6 million (euros) in tax (US$64.2 million) including interest. As a result of the judgment of the Luxembourg Administrative Court, Dorel must pay […]
West Fraser Announces 2021 Third Quarter Results
West Fraser Timber Co. Ltd. (“West Fraser” or the “Company”) reported the third quarter results of 2021. All dollar amounts in this news release are expressed in U.S. dollars unless noted otherwise. The results of operations presented and discussed below include those of Norbord from February 1, 2021, the date of the completion of the […]