NVR, Inc., one of the nation’s largest homebuilding and mortgage banking companies, announced net income for its first quarter ended March 31, 2022 of $426.1 million, or $116.56 per diluted share. Net income and diluted earnings per share for the first quarter ended March 31, 2022 increased 71% and 84%, respectively, when compared to 2021 […]
Graphic Packaging Holding Company Reports Strong First Quarter 2022 Results
Graphic Packaging Holding Company, (the “Company”), a leading provider of sustainable fiber-based packaging solutions to food, beverage, foodservice, and other consumer products companies, today reported Net Income for first quarter 2022 of $107 million, or $0.35 per share, based upon 309.7 million weighted average diluted shares. This compares to first quarter 2021 Net Income of […]
Allegion Reports First-Quarter 2022 Financial Results, Raises Full-Year 2022 Revenue Outlook, Reaffirms Full-Year 2022 EPS Outlook
First-quarter 2022 net earnings per share (EPS) of $1.05, compared with 2021 EPS of $1.18; First-quarter 2022 adjusted EPS of $1.07, down 10.8 percent compared with 2021 adjusted EPS of $1.20 First-quarter 2022 revenues of $723.6 million, up 4.2 percent on a reported basis and up 6.4 percent on an organic basis First-quarter 2022 operating margin of 16.2 percent, compared […]
Floor & Decor Launches the Grand Opening of Its Tinley Park, Illinois Store on May 3, 2022
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 Tinley Park, Illinois on May 3, 2022. This opening marks the 10th warehouse store in the Chicago market. The 70,000 square-foot Floor & Decor warehouse store and design center […]
L&W Supply Acquires DWS Building Supply
L&W Supply Corporation, a leading distributor of top-quality building materials and specialty products in the United States, announced today that it has acquired the assets of DWS Building Supply with two locations in El Paso, Texas, and one in Las Cruces, New Mexico. By acquiring DWS Building Supply, L&W Supply will increase its team of […]
NAHB: Builders’ Profit Margins Fall as Balance Sheet Grows
Builders averaged a gross profit margin of 18.2% and a net profit margin of 7.0% in 2020, according to the latest NAHB Builders’ Cost of Doing Business Study. The nationwide survey of single-family builders revealed profitability benchmarks for the home building industry industry. The study showed that, on average builders reported $13.7 million in revenue […]
The Aaron’s Company, Inc. Reports First Quarter 2022 Financial Results
The Aaron’s Company, Inc. , a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, announced financial results for the first quarter ended March 31, 2022. First Quarter Same Store Revenues Increased 9.6% on a Two-Year Basis Lease Portfolio Size Ended First Quarter Up Year-Over-Year Diluted EPS of $0.68; Non-GAAP Diluted EPS of $0.87 2022 […]
Packaging Corporation of America Reports First Quarter 2022 Results
Packaging Corporation of America reported first quarter 2022 net income of $254 million, or $2.70 per share, and net income of $256 million, or $2.72 per share, excluding special items. First quarter net sales were $2.1 billion in 2022 and $1.8 billion in 2021. Diluted earnings per share attributable to Packaging Corporation of America shareholders Three Months Ended March 31 2022 2021 Change Reported Diluted EPS $ […]
Flexsteel Industries, Inc. Reports Fiscal Third Quarter 2022 Results
Flexsteel Industries, Inc. (“Flexsteel” or the “Company”), one of the largest manufacturers, importers, and online marketers of furniture products in the United States, reported third-quarter fiscal 2022 financial results. Key Results for the Third Quarter Ended March 31, 2022 Net sales for the quarter increased 18.6% to $140.4 million compared to $118.4 million in the prior-year quarter. Operating cash flow for […]
PotlatchDeltic Corporation Reports First Quarter 2022 Results
PotlatchDeltic Corporation reported net income of $163.9 million, or $2.35 per diluted share, on revenues of $411.4 million for the quarter ended March 31, 2022. Excluding after tax special items consisting of a non-cash pension settlement charge and a net loss on fire damage, adjusted net income was $174.6 million, or $2.50 per diluted share […]