Dorel Industries Inc. (TSX: DII.B, DII.A) today announced results for the second quarter and six months ended June 30, 2023. Second quarter revenue was US$345.2 million, compared to US$427.8 million, down 19.3% from the same period a year ago. Reported and adjusted net loss1 from continuing operations was US$16.7?million or US$0.51 per diluted share, compared […]
L&W Supply Names 44 New Managing Partners in 2023
L&W Supply, a nationwide distributor of interior building materials and construction supplies, has announced the induction of 44 branch managers into its Managing Partner Program. The designation is the highest level of achievement among the company’s branch managers and places them in a distinguished position of leadership at L&W Supply. To be selected as a […]
ADENTRA Announces Second Quarter 2023 Results
Second quarter 2023 sales of US$585.9 millionCash flow from operations of US$52.8 millionDeclares dividend of C$0.13 per share ADENTRA Inc. (“ADENTRA” or the “Company”) today announced financial results for the three and six months ended June 30, 2023. ADENTRA is one of North America’s largest distributors of architectural building products to the residential, repair and remodel, […]
Freddie Mac: Mortgage Rates Rise for the Third Consecutive Week
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.96 percent. “For the third straight week, mortgage rates continued creeping up and are now just shy of seven percent,” said Sam Khater, Freddie Mac’s Chief Economist. “There is no doubt continued high rates will prolong […]
West Fraser Senior Leadership Transition Plan
Hank Ketcham, Chairman of West Fraser’s Board of Directors, (“West Fraser” or the “Company”) (TSX and NYSE: WFG) announced today that Ray Ferris, our President and Chief Executive Officer, plans to retire on December 31, 2023. Ray has been with West Fraser for over 26 years in increasingly senior positions culminating in his appointment as […]
Trex Company Named a 2023 Eco-Leader by Green Builder Media
Trex Company [NYSE: TREX], the world’s #1 brand of sustainably made, wood-alternative decking and railing, has been named a 2023 Eco-Leader, the highest honor awarded by Green Builder Media, North America’s leading media group focused on green building and responsible growth. This is the second time the composite decking leader has earned this prestigious honor having previously been […]
NAR: Almost 60% of Metro Areas Posted Home Price Gains in the Second Quarter of 2023
Almost 60% of metro markets (128 out of 221) registered home price gains in the second quarter of 2023 as 30-year fixed mortgage rates oscillated between 6.28% and 6.71%, according to the National Association of REALTORS®’ latest quarterly report. Five percent of the 221 tracked metro areas registered double-digit price increases over the same period, down […]
Tractor Supply Recognized as a Top Workplace Among Local and National Employers
Nashville Business Journal, The Tennessean, Forbes and Newsweek include rural lifestyle retailer in 2023 rankings of best places to work Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, announced today that it has been recognized by the Nashville Business Journal on its Best Places to Work list and by The Tennessean in […]
Canadian Tire Corporation Reports Second Quarter 2023 Results
Canadian Tire Corporation, Limited (TSX: CTC) (TSX: CTC.A) (“CTC” or the “Company”) today released its second quarter results for the period ended July 1, 2023. “As inflation persisted and rate hikes continued, consumer demand for discretionary goods softened, particularly in the latter half of the quarter, and Canadians shifted to more essentials within our multi-category […]
New President of Ambassador Supply Named
Today, Ambassador Supply announced Randy Carman as the company’s newest president. Carman succeeds Brad Crawford, who was recently named CEO of Rival Holdings, Ambassador Supply’s parent company. Carman has served as chief operating officer of Ambassador Supply for the past seven years. Crawford spoke about the experience and skills that made Carman the ideal candidate […]