West Fraser Timber Co. Ltd. (“West Fraser” or the “Company”) reported today the first quarter results of 2022 (“Q1 2022”). All dollar amounts in this news release are expressed in U.S. dollars unless noted otherwise. First Quarter Highlights Sales of $3.110 billion and earnings of $1,090 million, or $10.25 per diluted share Adjusted EBITDA of […]
HNI Corporation Reports Earnings for First Quarter Fiscal Year 2022
HNI Corporation today announced sales for the first quarter ended April 2, 2022 of $572.3 million and net income of $14.2 million. GAAP net income per diluted share was $0.33, compared to $0.34 in the prior year. Non-GAAP net income per diluted share was $0.33, compared to $0.36 in the prior year. GAAP to Non-GAAP reconciliations […]
Mercer International Inc. Reports First Quarter 2022 Results and Announces Quarterly Cash Dividend of $0.075
Mercer International Inc. today reported first quarter 2022 results. Operating EBITDA increased to a $154.5 million from $82.0 million in the first quarter of 2021 and decreased from $164.9 million in the fourth quarter of 2021. In the first quarter of 2022, net income was $88.9 million (or $1.35 per basic share and $1.34 per […]
Mohawk Industries Reports Q1 Results
Mohawk Industries, Inc. today announced 2022 first quarter net earnings of $245 million and diluted earnings per share (EPS) of $3.78. Adjusted net earnings were $246 million, and adjusted EPS was $3.78, excluding restructuring, acquisition, and other charges. Net sales for the first quarter of 2022 were $3.0 billion, an increase of 13.0% as reported and 17.3% on a constant currency […]
Clearwater Paper Reports First Quarter 2022 Results
Clearwater Paper Corporation, a premier supplier of quality tissue and bleached paperboard products, today reported financial results for the first quarter ended March 31, 2022. First Quarter Highlights Delivered strong performance due to continued strength in the paperboard business and improvements in tissue Higher pricing in both businesses helping to offset inflation Net sales of $488 […]
Floor & Decor Launches the Grand Opening of its Warrensville Heights, Ohio Store
Grand Opening Celebration and Pro Event Floor & Decor, a leading specialty retailer of hard-surface flooring, will expand its nationwide footprint when it opens the doors to its newest location in Warrensville Heights, Ohio on May 5, 2022. The 80,000 square-foot Floor & Decor warehouse store and design center will open with a team of about […]
Ethan Allen Reports Fiscal 2022 Third Quarter Results
Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) today reported its financial and business results for its fiscal 2022 third quarter ended March 31, 2022. Farooq Kathwari, Ethan Allen’s Chairman, President and CEO commented, “We are pleased to report double-digit growth in many key operating metrics including sales, income and earnings per share. Our […]
McGrath RentCorp Announces Results for First Quarter 2022
McGrath RentCorp (the “Company”), a diversified business-to-business rental company, today announced total revenues for the quarter ended March 31, 2022 of $145.4 million, an increase of 20%, compared to the first quarter of 2021. The Company reported net income of $18.8 million, or $0.77 per diluted share, for the first quarter of 2022, compared to […]
Freddie Mac: Mortgage Rates Hover at Five Percent
Freddie Mac today released the results of its Primary Mortgage Market Survey® (“PMMS”®), showing that the 30-year fixed-rate mortgage (“FRM”) averaged 5.10 percent. “The combination of swift home price growth and the fastest mortgage rate increase in over forty years is finally affecting purchase demand,” said Sam Khater, Freddie Mac’s Chief Economist. “Homebuyers navigating the current environment are […]
PPG to Invest $17 Million to Build Aerospace Application Support Center in France
PPG announced that it will invest $17 million to build an aerospace application support center (ASC) in Toulouse, France. PPG anticipates breaking ground for the new facility in the third quarter of 2022 and beginning operations in the fourth quarter of 2023. The facility will be strategically located near aerospace customers and the Toulouse Blagnac […]