Owens Corning, a global building and construction materials leader, today announced that the company has decided to review strategic alternatives for its global glass reinforcements (GR) business. The decision to explore alternatives for the GR business is consistent with the company’s strategy to focus on building and construction materials. The business, which operates within the […]
La-Z-Boy Incorporated Releases FY 2023 Sustainability Report: Delivering Sustainable Comfort
La-Z-Boy Incorporated, a global leader in the manufacture and retail of residential furniture, released its fiscal year 2023 Sustainability Report: Delivering Sustainable Comfort. The report provides a comprehensive overview of the Company’s commitments, objectives, and the steps taken to achieve them. It also outlines its sustainability efforts to improve the Company’s environmental footprint, and its […]
Interfor Reports Q4’23 Results
Adjusted EBITDA loss of $51 million and Net Loss of $169 million Interfor Corporation (“Interfor” or the “Company”) recorded a Net loss in Q4’23 of $169.0 million, or $3.29 per share, compared to a Net loss of $42.4 million, or $0.82 per share in Q3’23 and a Net loss of $72.2 million, or $1.40 per […]
Mohawk Industries Reports Q4 Results
Mohawk Industries, Inc. (“Mohawk” or the “Company”) announced fourth quarter 2023 net earnings of $139 million and earnings per share (“EPS”) of $2.18; adjusted net earnings were $125 million, and adjusted EPS was $1.96. Net sales for the fourth quarter of 2023 were $2.6 billion, a decrease of 1.4% as reported and 4.1% on a legacy and constant basis versus the prior […]
Leggett & Platt Reports Fourth Quarter and Full Year Results
4Q sales of $1.1 billion, a 7% decrease vs 4Q22 4Q EPS of ($2.18); 4Q adjusted1 EPS of $.26, down $.13 vs 4Q22 2023 sales of $4.7 billion, an 8% decrease vs 2022 2023 EPS of ($1.00); 2023 adjusted1 EPS of $1.39, down $.88 vs 2022 2023 cash from operations of $497 million, a $56 million increase vs 2022 2024 guidance: sales of $4.35–$4.65 billion, EPS of $.95–$1.25, and […]
Owens Corning Announces $3.9 Billion Acquisition of Masonite to Strengthen Position in Building and Construction Materials
Expands Owens Corning’s leadership position in branded residential products with a leading manufacturer of innovative interior and exterior doors and door systems Creates a scalable new growth platform within a $27 billion addressable market leveraging combined commercial, operational, and innovation capabilities Enhances Owens Corning’s attractive financial profile by growing revenue and earnings to approximately $12.6 […]
Freddie Mac: Mortgage Rates Show Little Movement
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.64 percent. “Mortgage rates remain stagnant, hovering in the mid-six percent range over the past several weeks,” said Sam Khater, Freddie Mac’s Chief Economist. “The economy and labor market remain strong with wage growth outpacing inflation, which is keeping […]
NAHB: Housing Affordability Remains Near Historic Low Level
Mortgage rates that hit more than a 20-year high, coupled with elevated construction costs and excessive regulatory costs, left housing affordability in the fourth quarter of 2023 virtually unchanged from the previous quarter and holding near its lowest level in more than a decade. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing […]
PPG Recognized by JUST Capital for Sixth Consecutive Year for Environmental, Community Impact
PPG announced that it has been recognized by JUST Capital for the sixth consecutive year in its 2024 list of America’s Most JUST Companies. The annual list ranks the performance of the largest publicly traded U.S.-based companies in five categories: environmental impact, community support, customer treatment, worker investment, and shareholder and governance prioritization. PPG performed in the […]
Masco Corporation Reports Fourth Quarter and 2023 Year-End Results
Masco Corporation, one of the world’s leading manufacturers of branded home improvement and building products, reported its fourth quarter and full-year 2023 results. Highlights 2023 Fourth Quarter Results 2023 Full Year Highlights 2023 Full Year Results “We finished the year strong by delivering fourth quarter adjusted operating profit margin expansion of 230 basis points and […]