Fourth Quarter Continuing Operations Highlights1: Fiscal 2023 Continuing Operations Highlights1 and Fiscal 2024 Guidance: Hillenbrand, Inc. (NYSE: HI), a leading global provider of highly-engineered processing equipment and solutions, reported results for the fourth quarter and full fiscal year, which ended September 30, 2023. “Fiscal 2023 was a transformational year for Hillenbrand. We executed our strategy to […]
Surya Acquires Mitchell Gold + Bob Williams Brand
A new chapter for the iconic American home brand and its enduring legacy In a strategic move set to reshape the landscape of the home furnishings industry, Surya has announced the completion of its acquisition of Mitchell Gold + Bob Williams, the 34-year-old heritage home brand that redefined American design with its focus on stylish, […]
84 Lumber Continues Western Expansion Plans with New Locations in California
84 Lumber, the nation’s largest privately held supplier of building materials, is proud to announce their latest expansion plans with several new stores and a component plant to open in California. The new locations, part of 84 Lumber’s growing footprint in the west, are comprised of new stores in Stockton, Lancaster, and Riverside (site of […]
AGC of America: Dodge Momentum Index, ISM Services Survey Show Mixed Trends for Construction in October
The Dodge Momentum Index increased 1% in October from September but slumped 8% year-over-year (y/y), Dodge Construction Network reported on Tuesday. The index is “a monthly measure of the initial report for nonresidential building projects in planning, shown to lead construction spending for nonresidential buildings by a full year.” The commercial component rose 2% for […]
Ace Hardware Reports Third Quarter 2023 Results
Record third quarter revenues of $2.3 billion, an increase of 2.5 percent from last year Record third quarter net income of $130.0 million, an increase of 29.2 percent from last year Accrued patronage dividend to shareholders of $338.2 million, a decrease of 1.7 percent from the first nine months of 2022 Ace ranked fifth largest […]
Carlisle Companies Earns “Most Honored Company” Designation from Institutional Investor
The Globally Renowned Journal Awards Carlisle First Place in Seven out of Eight Categories Carlisle Companies Incorporated (NYSE:CSL), is proud to be recognized among the “Most Honored Companies” in the Institutional Investor’s 2023-24 All-America Executive Team rankings. Carlisle was awarded first place in the Homebuilding & Building Product industry in seven out of the eight polled […]
Woodgrain to Acquire Trimco Millwork
Woodgrain, a leading millwork and building products company, announces the planned acquisition of Trimco Millwork. The transaction is expected to close in December. With the acquisition of Trimco Millwork, Woodgrain will increase its distribution center network to 35 locations expanding Woodgrain’s national footprint into the Rocky Mountain West. Trimco is a wholesale distributor of moulding, […]
ABC: Construction Input Prices Decrease 1.2% in October, Driven by Lower Energy, Lumber and Steel Prices
Construction input prices declined 1.2% in October on a monthly basis, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices fell 1.1% for the month. Construction input prices are 1.1% lower than a year ago, while nonresidential construction input prices […]
NAR Chief Economist Lawrence Yun Forecasts Existing Home Sales and Mortgage Rates in 2024
NAR Chief Economist Lawrence Yun Forecasts Existing Home Sales Will Rise by 15% Next Year and Mortgage Rates Will be Between 6-7% by Spring 2024 Elevated mortgage rates, high home prices and limited housing inventory are making the dream of homeownership difficult for Americans, according to NAR Chief Economist Lawrence Yun. Yun analyzed the current […]
NAHB Supported Building Codes Bill Advances in House
The House Transportation and Infrastructure Committee today approved NAHB-supported legislation that would help jurisdictions preserve local control over the building code adoption process while also encouraging communities to take positive steps to withstand and recover from extreme events. The Promoting Resilient Buildings Act (H.R. 5473) addresses an issue that has become a serious concern for […]