Conifex Timber Inc. (“Conifex”, “we” or “us”) reported results for the second quarter ended June 30, 2023. EBITDA* was negative $8.7 million for the quarter compared to EBITDA of $20.1 million in the second quarter of 2022. Net loss was $9.2 million or $0.23 per share for the quarter versus net income of $12.3 million or […]
Tennessee Strengthens International Partnerships to Advance Forest Products Industry
Relationships within Tennessee’s wood products industry and international partners got a boost during a recent outbound trade mission to Vietnam. Consultants with TDA’s Business Development and Forestry Divisions travelled to Vietnam to promote exports of Tennessee hardwoods, establish connections with Vietnamese trade associations and manufacturers, and broaden the awareness of our state’s forest products available […]
GreenFirst Reports Financial Results for the Second Quarter of 2023
GreenFirst Forest Products Inc. (“GreenFirst” or the “Company”) announced results for the second quarter and two quarters ended July 1, 2023. The Company’s interim financial statements and related Management Discussion and Analysis for the second quarter and two quarters ended July 1, 2023 are available on GreenFirst’s website at www.greenfirst.ca and on SEDAR+ at www.sedarplus.ca. Highlights “We […]
EEOC Sues Third Bench Holdings and Sher-Wood Cabinetry for Retaliation
Third Bench Holdings, a millwork and cabinet installations company, and its subsidiary Las Cruces Cabinets LLC d/b/a Sher-Wood Cabinetry, located in Las Cruces, New Mexico, violated federal law by retaliating against three employees after reporting harassment and discriminatory treatment, the federal agency announced today. According to the EEOC’s lawsuit, an employee reported a company official […]
Stella-Jones Records Strong Second Quarter Results Executing on Its Three-Year Growth Plan
Stella-Jones Inc. (“Stella-Jones” or the “Company”) announced financial results for its second quarter ended June 30, 2023. “Stella-Jones is executing on its three-year growth plan with the achievement of another strong performance in the second quarter, reflecting the upward momentum generated by accelerating demand for our infrastructure-related products,” said Eric Vachon, President and Chief Executive […]
Real American Hardwood Coalition Launches Build Your World Campaign in Partnership with Magnolia Network
The Real American Hardwood Coalition (RAHC), the domestic hardwood industry’s consumer promotion initiative, officially launched its new Build Your World™ advertising campaign to promote Real American Hardwood® flooring, cabinetry, furniture, and millwork. In partnership with Magnolia Network, the integrated digital campaign will run through January 29, 2024, and will reach 93 million people. “An advertising […]
ABC: Nonresidential Construction Employment Increases in July
The construction industry added 19,000 jobs on net in July, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 198,000 jobs, an increase of 2.5%. Nonresidential construction employment increased by 10,600 positions on net, with growth […]
LL Flooring Reports Second Quarter 2023 Financial Results
LL Flooring Holdings, Inc. (“LL Flooring” or “Company”) (NYSE: LL), a leading specialty retailer of hard-surface flooring in the U.S., today announced financial results for the quarter ended June 30, 2023. “Our second quarter performance primarily reflected the continued impact of the difficult macro backdrop that has impacted big ticket discretionary purchases as well as […]
Statistics Canada: Building Permits June 2023
The total monthly value of building permits in Canada increased 6.1% in June to $11.6 billion, with a notable 67.2% monthly increase (+$619.3 million) in the institutional component. On a constant dollar basis (2012=100), the total value of building permits went up 7.0% to $6.8 billion. Hospital construction intentions lead gains in non-residential permit values The total monthly value of non-residential […]
Mortgage Applications Decrease in August 9th MBA Weekly Survey
Mortgage applications decreased 3.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 4, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]