Jimmy Roscoe Thrift, 77, passed away on Wednesday, May 26th, 2021 at Prisma Oconee Memorial Hospital. Born in Oconee County, he was the son of the late James Roscoe Thrift and June Rogers Thrift. Jimmy attended Gardner Webb University and was one of the owners of Thrift Lumber Company, and was a logger. Jimmy is […]
Cavco Industries Reports Strong Fiscal 2021 Fourth Quarter and Year End Results
Cavco Industries, Inc. announced financial results for the fourth quarter and fiscal year ended April 3, 2021. Fiscal year 2021 was a 53 week year, with the extra week falling in the fourth quarter. Key Takeaways Fourth Quarter 2021 –Recorded highest quarterly Net revenue in the Company’s history at $306.5 million –Gross profit as a percentage of […]
Forbes Ranks Tractor Supply a Top Employer for New Graduates for Second Year in a Row
Tractor Supply Company, the largest rural lifestyle retailer in the United States, today announced that it has been included on Forbes’ 2021 “America’s Best Employers for New Graduates” list for the second year in a row. “Tractor Supply strives to be a place where all Team Members feel welcomed, can contribute and find success,” said […]
Mortgage Applications Decrease in May 26th MBA Weekly Survey
Mortgage applications decreased 4.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 21, 2021. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted […]
NAHB: New Home Sales Soften in April with Growing Housing Affordability Concerns
Rising building materials costs and low inventory have caused new home sales prices to jump 20% on a year-over-year basis, harming housing affordability and driving down the pace of new home sales. Sales of newly built, single-family homes fell 5.9%, following a significant downward revision of the March estimate, to a 863,000 seasonally adjusted annual […]
Conner Industries Moves Panama City Manufacturing Plant to New Location
Conner Industries Inc. announced on Tuesday that its Panama City, Florida manufacturing facility will relocate to a new property within the city on May 25, 2021. The move was largely prompted by irreparable property damages sustained during Hurricane Michael in late 2018, along with the desire to enhance their capabilities to better serve their present […]
Carlisle Companies to Sell Carlisle Brake & Friction
Carlisle Companies Incorporated announced the signing of a definitive agreement to sell Carlisle Brake & Friction (CBF) to CentroMotion of Waukesha, Wisconsin in a transaction structured to provide Carlisle the opportunity to receive $375 million, including receipt of $250 million cash at closing, subject to certain adjustments, and the right to receive an additional post-closing […]
Skyline Champion Announces Fourth Quarter and Full Year Fiscal 2021 Results
Skyline Champion Corporation (“Skyline Champion”) announced financial results for its fourth quarter and full year ended April 3, 2021 (“fiscal 2021”). Results included an extra week during the fourth quarter of fiscal 2021 compared to the year ago period. Fourth Quarter Fiscal 2021 Highlights (compared to Fourth Quarter Fiscal 2020) –Net sales increased 48.6% to […]
ACS to be Acquired by US LBM
Angeles Equity Partners, LLC (together with certain of its affiliates, “Angeles”) and Clearlake Capital Group, L.P. (together with certain of its affiliates, “Clearlake”) today announced they have signed a definitive agreement to sell American Construction Source (“ACS” or the “Company”) to US LBM. ACS is a leading lumber and building materials (“LBM”) distribution platform serving […]
Toll Brothers Reports FY 2021 2nd Quarter Results
Toll Brothers, Inc. (TollBrothers.com), the nation’s leading builder of luxury homes, announced results for its second quarter ended April 30, 2021. FY 2021’s Second Quarter Financial Highlights (Compared to FY 2020’s Second Quarter): –Net income and earnings per share were $127.9 million and $1.01 per share diluted, compared to net income of $75.7 million and $0.59 per share diluted in FY 2020’s second […]