For eco-conscious students across the country, it pays to be “green” – this year more than ever! Trex Company, the world’s largest manufacturer of high-performance, low-maintenance composite decking and outdoor living products, recently concluded its 15th annual Trex® Plastic Film Recycling Challenge and is pleased to announce and reward the winners. The nationwide challenge kicks off each fall on America […]
Sylvamo Adopts Shareholder Rights Plan
Sylvamo’s board of directors unanimously adopted a limited-duration shareholder rights plan to protect the interests of all shareholders. The rights plan is effective immediately. The board adopted the plan after Atlas Holdings confirmed it entered into a block trade that would give Atlas nearly 14% of Sylvamo’s outstanding shares and informed Sylvamo it also holds […]
Greif Releases 2021 Sustainability Report Highlighting Environmental, Social and Governance Priorities and Progress
Greif, Inc., a global leader in industrial packaging products and services, announced today the release of its online 2021 Sustainability Report describing the Company’s efforts to advance its environmental, social and governance (ESG) priorities. This is Greif’s 13th consecutive annual publication and details the Company’s continued commitment to creating shared value for customers, stakeholders and the environment. “Protecting […]
Allegion to Acquire Stanley Black & Decker’s Access Technologies Business
Allegion plc, a leading global security products and solutions provider, has signed a definitive agreement to acquire Stanley Access Technologies LLC (“Access Technologies”) and assets related to the automatic entrance solutions business from Stanley Black & Decker, Inc. (NYSE: SWK) for $900 million in cash. When adjusted for approximately $90 million in tax benefits, the […]
UFP Industries Reports Record First Quarter Results
UFP Industries, Inc. (“UFP”) announced record net sales of $2.49 billion and net earnings of $190 million for the first quarter of 2022. The company also reported record earnings per diluted share of $3.00, an 80 percent increase over the first quarter of 2021. “We cannot give enough credit to the entire UFP team for […]
JCHS: Red Hot Remodeling Growth Expected to Ease Into 2023
Expenditures for improvements and repairs to the owner-occupied housing stock are expected to grow throughout 2022 and into early next year, but at a decelerating pace, according to the Leading Indicator of Remodeling Activity (“LIRA”) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA projects year-over-year increases […]
New South Construction Supply Enters Agreement to Acquire American Contractors Supply
New South Construction Supply, LLC (“NSCS”), a distributor of construction products to commercial and residential general contractors and subcontractors across the Southeastern United States announces it has signed a letter of intent to acquire American Contractors Supply (“ACS”), a leading distributor and supplier of tilt-up products based in Atlanta, Georgia. Commenting on this, Jim Sobeck, […]
Union Pacific Reports First Quarter 2022 Results
Earnings per diluted share of $2.57 Operating revenue up 17% Operating income up 19% Union Pacific Corporation reported 2022 first quarter net income of $1.6 billion, or $2.57 per diluted share. This compares to 2021 first quarter net income of $1.3 billion, or $2.00 per diluted share. “Union Pacific translated revenue growth from a strong […]
Freddie Mac: Mortgage Rates Exceed Five Percent
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.11 percent. “Mortgage rates increased for the seventh consecutive week, as Treasury yields continued to rise,” said Sam Khater, Freddie Mac’s Chief Economist. “While springtime is typically the busiest homebuying season, the upswing in rates has caused some […]
Tractor Supply Company Reports First Quarter 2022 Financial Results; Reiterates 2022 Financial Outlook
Tractor Supply Company, the largest rural lifestyle retailer in the United States, today reported financial results for its first quarter ended March 26, 2022. Net Sales Increased 8.3%; Comparable Store Sales Increased 5.2% on Top of 38.6% Comparable Store Sales Growth Last Year Diluted Earnings per Share (“EPS”) Increased to $1.65 from $1.55 Last Year […]