Commercial Metals Company (“CMC”) announced financial results for its fiscal fourth quarter ended August 31, 2023. Net earnings were $184.2 million, or $1.56 per diluted share, on net sales of $2.2 billion, compared to prior year period net earnings of $288.6 million, or $2.40 per diluted share, on net sales of $2.4 billion. For the full year fiscal 2023, CMC reported net earnings […]
Statistics Canada: Building Permits August 2023
The total monthly value of building permits in Canada increased 3.4% in August to $11.9 billion, with strong gains in the non-residential sector offsetting modest declines in residential construction intentions. On a constant dollar basis (2012=100), the total value of building permits was up 4.3% to $6.9 billion in August. Residential permit values down despite fourth consecutive increase in […]
Fastenal Names New Executive VP of Operations
Fastenal Company (“the Company”) has appointed Anthony P. Broersma as the Executive Vice President-Operations effective on October 11, 2023. In his new role, he will oversee supply chain, compliance, supplier development, content, property management, eCommerce, supply to fulfillment distribution, and logistics operations of the Company. Mr. Broersma previously served as our Senior Vice President-Operations of […]
ABC: Monthly Construction Input Prices Increase Slightly in September, Led by Higher Energy Prices
Construction input prices increased 0.2% in September compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data released today. Nonresidential construction input prices increased 0.2% for the month as well. Overall construction input prices are 0.3% higher than a year ago, while […]
The AZEK® Company Announces Definitive Agreement to Sell Commercial Segment’s Vycom Business to Plaskolite
The AZEK Company Inc. (“AZEK” or the “Company”), the industry-leading manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech® decking and railing, Versatex® and AZEK® Trim, and StruXure™ pergolas, has entered into a definitive agreement to sell its Vycom business, a division of its Commercial segment, to Ohio-based Plaskolite, LLC, a global leader in the manufacturing […]
ABC Supply Co., Inc. Announces Q2 2023 Manager Promotions
ABC Supply Co., Inc., the largest wholesale distributor of roofing and other select exterior and interior building products in North America, has announced that 15 leaders have been promoted to branch manager positions at locations throughout the company in the second quarter of 2023. Ben Willard was named branch manager of the Springdale, Arkansas, location. He started his career at […]
Dick’s Lumber Acquires ZyTech Building Systems
Dick’s Lumber, a banner of RONA inc., one of Canada’s leading home improvement retailers operating or servicing some 425 corporate and affiliated stores, has completed the acquisition of ZyTech Building Systems, a leader in the manufacturing and distribution of building components and engineered wood products. This is the first strategic acquisition for Dick’s Lumber under the ownership of private […]
Mann & Parker Lumber and Specialty Lumber Company Merge to Form New Company Named Landmark Lumber Group
Merger and new company formation creates most comprehensive source for wholesale hardwood and softwood lumber in the Mid-Atlantic region. Mann and Parker Lumber Company, a wholesale lumber distributor, and Specialty Lumber Company, a softwood lumber distributor, today announce the formation of a new company. Landmark Lumber Group will provide their clients with the largest lumber […]
Tractor Supply Awards $850,000 in Grants Through Partnership With American Farmland Trust
In honor of the Company’s 85th anniversary, 85 farmers and farm families receive $10,000 grants to support agricultural efforts Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, and American Farmland Trust (AFT) announced today the recipients of AFT’s Brighter Future Fund grants. Through the fund, 110 farmers and farm families will each receive a grant […]
Emerson Completes Acquisition of NI
NI to become new Test & Measurement segment within Emerson Emerson (NYSE: EMR) today announced it has closed its acquisition of NI (Nasdaq: NATI), a leading provider of software-connected automated test and measurement systems, at an equity value of $8.2 billion. The acquisition of NI advances Emerson’s position as a global automation leader and expands […]