Stora Enso arranged a virtual inauguration ceremony to celebrate the successful conversion of the Oulu Mill which was transformed from paper production into high-quality kraftliner production. The Prime Minister of Finland, Sanna Marin, inaugurated the mill. Oulu is Stora Enso’s second successful conversion, following Varkaus Mill, inaugurated in 2016. The EUR 350 million conversion project […]
North American Produce Industry Sounds Warning Bell re Pallet Shortages Putting the Supply of Fresh Produce at Risk
A letter from the United Fresh Produce Association: Although conversations are occurring within the North American (and global) industry relative to the current acute pallet shortages, we believe that many do not yet realize the factors impacting the situation and the potential scope of the issue, including the availability of produce to consumers. A multitude […]
Ace Hardware Reports Record First Quarter 2021 Results
Ace Hardware Corporation (“Ace” or the “Company”) reported record first quarter 2021 revenues of $2.0 billion, an increase of $601.4 million, or 42.0 percent, from the first quarter of 2020. Net income was $105.4 million for the first quarter of 2021, an increase of $69.2 million from the first quarter of 2020. –Record first quarter […]
Ferguson plc 2021 Third Quarter Results
Strong Q3 Revenue and Trading Profit Third quarter highlights – Strong revenue growth of 24.5%, including 20.1% organic growth in the USA, boosted by sequentially increasing sales price inflation and easing prior year revenue comparatives. – US market demand accelerated through the quarter as the US economy continued to re-open. – Gross margins of 30.9% […]
Atlas Engineered Products Reports Record First Quarter with Positive Net Income in Q1 2021 Financial and Operating Results
Atlas Engineered Products (“AEP” or the “Company”) is pleased to announce its financial and operating results for the first quarter ended March 31, 2021. All amounts are presented in Canadian dollars. “The entire team at AEP has been working incredibly hard to navigate the challenges caused by the COVID-19 pandemic; from keeping employees safe to […]
PGT Innovations Adds New Production Facility in Fort Myers
PGT Innovations, a national leader in the premium window and door category, is expanding into Fort Myers, with a newly leased production facility to accommodate the firm’s continued accelerated growth. The roughly 130,000-square-foot facility is located in the Meridian Center North development at 10400 Meridian Center Parkway. PGT Innovations’ manufacturing operations will run 24/7 with […]
Lowe’s Reports First Quarter 2021 Sales And Earnings Results
Lowe’s Companies, Inc. reported net earnings of $2.3 billion and diluted earnings per share (EPS) of $3.21 for the quarter ended April 30, 2021 compared to net earnings of $1.3 billion and diluted EPS of $1.76 in the first quarter of 2020. Excluding charges in the prior-year period related to the strategic review of certain […]
TAL Holdings Acquires Badger Building Center
TAL Holdings LLC, a 11-store chain of retail building material centers in Oregon and Washington, announced they have reached an agreement in principle to acquire the 4-store chain of Badger Building Center (Badger), operating in Post Falls, ID, Sagle, ID, Bonners Ferry, ID and Kalispell, MT. After a transition period, Badger Building Center will begin […]
Mortgage Applications Increase in May 19th MBA Weekly Survey
Mortgage applications increased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 14, 2021. The Market Composite Index, a measure of mortgage loan application volume, increased 1.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]
Nyle Systems, LLC Repurchases Maine Venture Fund’s Ownership Stake
The Maine Venture Fund, a state-sponsored venture capital fund, and Nyle Systems LLC, a company that develops heat pump-driven products for industrial processes, are pleased to announce that Nyle has repurchased MVF’s ownership stake in Nyle. MVF will use the resulting capital to invest in other dynamic Maine companies. Nyle’s mission is to enable energy […]