McMinnville, TN resident and Warren County, TN native Bobby Joe Mayfield, age 89, was born June 5, 1933 and died October 23, 2022 at his residence following a six month illness. A United States Army veteran, founder of Mayfield Lumber Company along with his wife, cattleman and member of Hwy. 56 N Church of […]
L&W Supply Names Matt Drapeau Manager of Andover, Minnesota, Location
L&W Supply, a nationwide distributor of interior building materials and construction supplies, has announced that Matt Drapeau has been named branch manager of L&W Supply’s Andover, Minnesota, location. Drapeau began his career in the industry in 2013 as a warehouse associate. Since then, he has worked as a delivery driver, boom operator, inside sales associate […]
NVR, Inc. Announces Third Quarter Results
NVR, Inc., one of the nation’s largest homebuilding and mortgage banking companies, announced net income for its third quarter ended September 30, 2022 of $411.4 million, or $118.51 per diluted share. Net income and diluted earnings per share for the third quarter ended September 30, 2022 increased 24% and 37%, respectively, when compared to 2021 third quarter net income of $332.1 million, or $86.44 per diluted share. […]
APA Names New Chair and Vice Chair, Trustees Join APA Board
A new chair, vice chair and two new members have been elected to APA – The Engineered Wood Association’s Board of Trustees. Ashlee Cribb, vice president of wood products for PotlatchDeltic Corporation, has been elected to serve as chair on APA’s Board of Trustees, succeeding Roy O. Martin III. Cribb steps into this position after […]
Graphic Packaging Holding Company Reports Third Quarter 2022 Results
Graphic Packaging Holding Company, (the “Company”), a leading provider of sustainable, fiber-based consumer packaging solutions to food, beverage, foodservice, and other consumer products companies, today reported Net Income for third quarter 2022 of $193 million, or $0.62 per share, based upon 310 million weighted average diluted shares. This compares to third quarter 2021 Net Income […]
Suzano Announces Acquisition of Kimberly Clark Tissue Business in Brazil
Suzano S.A. (“Company”), hereby informs its shareholders and the market in general the execution, on October 24th, 2022, of an Equity Purchase Agreement entered into by and between the Company, as Buyer, Kimberly-Clark Brasil Indústria e Comércio de Produtos de Higiene Ltda. (“KC Brasil”), as Seller, and KimberlyClark Worldwide, Inc. (“KC”) as guarantor, for the […]
Packaging Corporation of America Reports Third Quarter 2022 Results
Packaging Corporation of America reported third quarter 2022 net income of $262 million, or $2.80 per share, and net income of $266 million, or $2.83 per share, excluding special items. Third quarter net sales were $2.1 billion in 2022 and $2.0 billion in 2021. Reported earnings in the third quarter of 2022 include special items primarily for certain costs at the Jackson, AL mill for paper-to-containerboard conversion […]
The Aaron’s Company, Inc. Reports Third Quarter 2022 Financial Results
The Aaron’s Company, Inc. released its third quarter 2022 financial results. Complete financial results are available at investor.aarons.com. Highlights of those results are included below and in the attached supplement. Consolidated Results Revenues were $593.4 million, an increase of 31.2%, benefiting from the BrandsMart acquisition Net loss was $15.6 million; Adjusted net earnings1 were $9.7 million Adjusted […]
Flexsteel Industries, Inc. Reports Fiscal First Quarter 2023 Results
Flexsteel Industries, Inc. (“Flexsteel” or the “Company”), one of the largest manufacturers, importers, and marketers of residential furniture products in the United States, today reported first quarter fiscal year 2023 financial results. Key Results for the First Quarter Ended September 30, 2022 Net sales for the quarter decreased 30.5% to $95.7 million compared to $137.7 million in the prior year’s quarter. Gross […]
FHFA Announces Targeted Pricing Changes to Enterprise Pricing Framework
The Federal Housing Finance Agency (“FHFA”) announced targeted changes to Fannie Mae and Freddie Mac’s (“the Enterprises”) guarantee fee pricing by eliminating upfront fees for certain borrowers and affordable mortgage products, while implementing targeted increases to the upfront fees for most cash-out refinance loans. ?As part of the pricing changes stemming from the Agency’s ongoing […]