Slower Demand Recovery Drives Revised Annual Outlook, Company Remains Committed to $125 Million in Cash Returns Sylvamo (NYSE: SLVM), the world’s paper company, is releasing second quarter 2023 earnings. Financial Highlights – Second Quarter vs. First Quarter Commercial and Operational Highlights – Second Quarter vs. First Quarter Third Quarter Outlook Management Summary from Chairman and […]
LP Building Solutions Names New Vice President of OSB Manufacturing and New Director of OSB Sales and Marketing
LP BUILDING SOLUTIONS (LP), a leading manufacturer of high-performance building products, today announced that Gabriel Farias has been named Vice President of OSB Manufacturing and Landon Stephens as Director of OSB Sales and Marketing Planning. “Gabriel and Landon are both highly capable leaders, who will drive new levels of productivity, efficiency, and success for our Operations and Sales and Marketing […]
Floor & Decor Announces Grand Opening of Henrietta, New York Store
Leading high-growth retailer specializing in hard-surface flooring offers homeowners and professionals the industry’s broadest in-stock selection of tile, natural wood, natural stone and more celebrates its first store in the Rochester area Floor & Decor (NYSE: FND), the leading high-growth retailer specializing in hard-surface flooring for homeowners and professionals, has announced the grand opening of its […]
Madison’s Reporter: Lumber Prices Begin to Show a Year-Long Trend
In the week ending July 28, 2023, the price of Western S-P-F 2×4 #2&Btr KD (RL) was US$458 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week when it was $458. That week’s price is up by +$68, or +17%, from one month ago when it […]
Masonite International Corporation Reports Solid Second Quarter Results
Masonite International Corporation (“Masonite” or the “Company”) (NYSE: DOOR) today announced results for the three and six months ended July 2, 2023. ($ in millions, except per share amounts) 2Q23 2Q22 % Change YTD 2023 YTD 2022 % Change Net sales $742 $762 (3%) $1,468 $1,488 (1%) Net income attributable to Masonite $48 $59 (18%) […]
HNI Corporation Reports Earnings for Second Quarter Fiscal Year 2023
HNI Corporation (NYSE: HNI) today announced sales for the second quarter ended July 1, 2023 of $563.5 million and a net loss of $12.8 million. GAAP earnings per diluted share declined from $0.72 in the prior year to ($0.30) in the current year primarily due to transaction expenses related to the acquisition of Kimball International. When […]
Fastenal Teams with Trex to Turn Used Plastic into Outdoor Building Products
One of the environmental, social, and governance (ESG) objectives of Fastenal Company (Nasdaq: FAST) is to reduce consumption and environmental impacts throughout its operations and provide solutions for its customers to do the same. To support this objective, Fastenal has entered into a scrap supply agreement with Trex Company, Inc., the world’s leading manufacturer of […]
Texarkana Door & Window, Inc. Announces New President
Texarkana Door & Window, an expansive wholesale door operation, announces the promotion of Jim Bradley to the position of President. In his most recent position as General Manager, Bradley has consistently demonstrated exceptional leadership skills as well as a deep understanding of the industry. Bradley has also been vital in the success and expansion of […]
RYAM Announces Second Quarter 2023 Results
Updates 2023 EBITDA and Raises Free Cash Flow Guidance Rayonier Advanced Materials Inc. (NYSE:RYAM) (the “Company”) reported a net loss of $17 million, or $(0.26) per diluted share, for the quarter ended July 1, 2023, compared to a net loss of $23 million, or $(0.36) per diluted share, for the prior year quarter. Loss from continuing operations for the quarter ended July 1, 2023 was $16 […]
Ethan Allen Named to America’s Best Retailers 2023 List
Ethan Allen Interiors Inc. (“Ethan Allen”) has been named to Newsweek’s list of America’s Best Retailers 2023. This prestigious award is presented by Newsweek and Statista Inc., a leading statistics portal and industry ranking provider. The list was announced on July 19, 2023, and can be viewed on Newsweek’s website. Ethan Allen and other retailers […]