Fortune Brands Innovations, Inc. (“FBIN”, “Fortune Brands” or the “Company”), an industry-leading home, security and commercial building products company, today announced fourth quarter and full-year 2022 results. Highlights “Our teams delivered impressive fourth quarter and full year results in the face of a challenging environment while executing several transformative initiatives,” said Fortune Brands Chief Executive […]
River City Wood Products Acquires Southwood Lumber & Pallet
River City Wood Products is pleased to announce its recent acquisition of Southwood Lumber and Pallet out of Orrville, OH. Southwood has been in business for over 35 years and is one of the biggest new pallet manufacturers in the Midwest. It employs 65+ full time employees and produces lumber from sister company Forest City […]
Freddie Mac: Mortgage Rates Increase for the Second Consecutive Week
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.32 percent. “Mortgage rates moved up for the second consecutive week,” said Sam Khater, Freddie Mac’s Chief Economist. “The economy is showing signs of resilience, mainly due to consumer spending, and rates are increasing. Overall housing […]
U.S. Census Bureau: Monthly New Residential Construction, January 2023
Notice of methodology change: With the January New Residential Construction release on February 16, 2023, the Building Permits survey has changed its target universe from a 2014 basis to an annually updated universe. This change allows for more accurate and quicker coverage when jurisdictions change from not issuing building permits to issuing them. For additional […]
NCP to Appoint Sherwood Lumber as a Key Strategic Distribution Partner in the Northeast and Mid-Atlantic Markets
Sherwood Lumber has been granted the semi-exclusive distribution rights to bring NCP Industries products to market in the Northeast and Mid-Atlantic. This agreement is another reinforcement of Sherwood’s commitment to being a leader in the exterior building product space as a two-step distributor. “Every day, the customers we serve wake up with a task-laden day […]
Tractor Supply Company Partners With Country Stars for Inaugural Emerging Artists Program
Tractor Supply Company, the largest rural lifestyle retailer in the United States, announced today the launch of the company’s inaugural “Emerging Artists Program” in partnership with country music artists Lainey Wilson, Ashley McBryde, Jimmie Allen, Dustin Lynch and Kat & Alex, along with Opry Entertainment Group. The program will discover and support emerging country artists […]
Allegion Ventures Co-Leads Funding Round for Tech-Enabled Self Storage Startup
Allegion Ventures – the corporate venture fund of Allegion plc – has expanded its strategic portfolio with an investment in Stuf, a tech-enabled, next-generation self storage startup. Allegion Ventures co-led Series A funding for Stuf, alongside Altos Ventures. Founded in 2020, Stuf modernizes self storage and monetizes underutilized real estate. The innovative startup partners with property owners to turn […]
Commercial Metals Company Announces Appointment of New President
The Board of Directors of Commercial Metals Company (“CMC” or the “Company”) today announced that, as part of the Company’s succession plan, the Board has appointed Peter R. Matt as President, effective as of April 1, 2023, succeeding Barbara R. Smith who will remain Chairman and Chief Executive Officer of the Company. Mr. Matt will continue to serve on the […]
Canadian Tire Corporation Reports Strong Fourth Quarter and Full-Year 2022 Results
Canadian Tire Corporation, Limited (TSX: CTC) (TSX: CTC.A) (“CTC” or the “Company”) today released its fourth quarter and full-year results for the period ended December 31, 2022. “Our record fourth-quarter EPS performance was a great finish to a remarkable centennial year. These results, combined with a strong retail topline over the year, demonstrate we managed […]
Ace Hardware Reports Fourth Quarter and Full Year 2022 Results
Ace Hardware Corporation (“Ace” or the “Company”) reported record fourth quarter 2022 revenues of $2.2 billion, an increase of $124.5 million, or 6.0 percent, from the fourth quarter of 2021. Net loss was $4.6 million for the fourth quarter of 2022, a decrease of $13.9 million from net income of $9.3 million for the fourth quarter […]