Patrick Industries, Inc. (“Patrick” or the “Company”), a leading component solutions provider for the RV, marine, manufactured housing (“MH”) and industrial markets today reported financial results for the first quarter ended March 27, 2022. First Quarter 2022 Highlights (compared to First Quarter 2021 unless otherwise noted) Net sales of $1.3 billion increased 58%, reflecting momentum in […]
Carlyle Reports First Quarter 2022 Financial Results
Global investment firm The Carlyle Group Inc. today reported its unaudited results for the first quarter ended March 31, 2022. The full detailed presentation of Carlyle’s first quarter 2022 results can be viewed here. Carlyle CEO Kewsong Lee said, “Our relentless focus on investment excellence served us well amidst the current market volatility, as our […]
International Paper Reports First Quarter 2022 Results
International Paper (“IP”) today reported first quarter 2022 financial results. First Quarter 2022 Highlights First quarter net earnings (loss) attributable to International Paper of $360 million ($0.95 per diluted share) compared with $107 million ($0.28 per diluted share) in the fourth quarter of 2021 and $349 million ($0.88 per diluted share) in the first quarter […]
Tempur Sealy Reports First Quarter Results
Tempur Sealy International, Inc. (the “Company”) announced financial results for the first quarter ended March 31, 2022. The Company also issued updated financial guidance for the full year 2022. First Quarter 2022 Financial Summary Total net sales increased 18.7% to $1,239.5 million as compared to $1,043.8 million in the first quarter of 2021. On a constant currency basis(1), total net sales increased 19.8%, with an increase of 5.5% […]
CLAW Forestry Locating Sawmill Operations in Southwest Mississippi
• CLAW Forestry creating over 130 direct jobs • Company investing nearly $200 million in sawmill CLAW Forestry Services, LLC announced today that an affiliate is locating a state-of-the-art sawmill in Gloster within Amite County. The project represents a corporate investment of nearly $200 million and will create 131 direct jobs and support an additional […]
NAR: Pending Home Sales Sag 1.2% in March
Pending home sales dropped in March, signifying five straight months that contract activity has declined, according to the National Association of Realtors®. Month-over-month, only the Northeast saw an increase in contract signings, while the three other major U.S. regions experienced declines in transactions. All four regions reported decreases in year-over-year contract activity. Key Highlights Pending […]
Tractor Supply Kicks Off Spring Paper Clover Campaign in Support of 4-H Youth
Tractor Supply Company (“Tractor Supply”), in partnership with National 4-H Council (“4-H”), is kicking off its 12th Paper Clover campaign, a bi-annual fundraiser that generates millions of dollars in scholarships for 4-H youth. Donations from the campaign will strengthen educational programs and provide students with the opportunity to engage in enriching camps, conferences and community […]
More than 10,000 NAHB Members Send Letter to the White House Warning of Housing Crisis
More than 10,000 NAHB members from all 50 states and Puerto Rico sent a letter to President Biden on April 27 calling on the White House to take immediate action as the growing housing affordability crisis is pushing the housing market to an inflection point that threatens to derail the current housing and economic expansion. […]
Wabash Announces First Quarter 2022 Results
Wabash, the innovation leader of connected solutions for the transportation, logistics and distribution industries, today reported results for the quarter ended March 31, 2022. Revenue of $546.8 million on increasing new trailer shipments Operating income of $20.1 million Diluted earnings per share of $0.24, exceeding prior outlook Robust backlog of $2.3B sets first quarter record; […]
Masco Corporation Reports First Quarter 2022 Results
Masco Corporation (“Masco”), one of the world’s leading manufacturers of branded home improvement and building products, reported its first quarter results. 2022 First Quarter Results On a reported basis, compared to first quarter 2021: Net sales increased 12 percent to $2,201 million; in local currency and excluding acquisitions and divestitures, net sales increased 14 percent […]