Toll Brothers, Inc. (TollBrothers.com), the nation’s leading builder of luxury homes, announced results for its fourth quarter and full year ended October 31, 2023. FY 2023’s Fourth Quarter Financial Highlights (Compared to FY 2022’s Fourth Quarter) Full FY 2023 Financial Highlights (Compared to Full FY 2022) Douglas C. Yearley, Jr., chairman and chief executive officer, stated: “Fiscal 2023 was […]
Ferguson plc Reports FY2024 First Quarter Results
Solid Performance with Full Year Guidance Unchanged First Quarter Highlights FY2024 Guidance (unchanged) Total Company 2024 Guidance Net sales* Broadly flat Adjusted operating margin** 9.2% – 9.8% Interest expense $190 – $210 million Adjusted effective tax rate** Approximately 25% Capital expenditures $400 – $450 million * Net sales guidance assumes mid-single digit market decline with […]
Stora Enso Celebrates the Opening of Wooden Architectural Landmark Building Wisdome Stockholm
Wisdome Stockholm is a new scientific experiential arena situated in the courtyard of Sweden’s National Museum of Science and Technology in Stockholm. The Wisdome Stockholm building encompasses a wooden architectural design creating an arched-shaped room of 1,325 square meters. Stora Enso has been the main partner and delivered sustainable wooden construction materials for the project. […]
National Association of REALTORS® Announces New Chief Marketing and Communications Officer
Suzanne Bouhia, former Ernst & Young (EY) Chief Communications Officer for the Americas, will lead communications, marketing, and branding efforts across the organization Suzanne Bouhia has been appointed Chief Marketing and Communications Officer of the National Association of REALTORS® (NAR) effective December 11. She will be leading the Marketing and Communications Group to set the vision, […]
Province of British Columbia: Changes to Lumber Regulation Will Drive Local Manufacturing, Job Growth
Amendments to B.C.’s lumber regulations will open the door for more wood products to be manufactured in the province, strengthening the forestry sector and creating more family-supporting jobs. Changes to the Manufactured Forest Products Regulation are being introduced in the Interior of B.C. to expand manufacturing requirements for the export of cedar and cypress lumber. […]
Beacon Announces CFO Transition
Company Reaffirms Outlook for Full Year 2023 Beacon (Nasdaq: BECN) (the “Company” or “Beacon”) announced today that its Executive Vice President & Chief Financial Officer, Frank Lonegro, will be leaving the company to become the chief executive of a publicly traded company outside of the building products industry. Beacon has commenced a formal search for its […]
E.C. Barton Announces New Seconds & Surplus Store Opens in North Richland Hills, Texas
E.C. Barton & Company has announced that its new Seconds & Surplus store, in North Richland Hills, Texas, opened on November 20, 2023. The new location, at 7520 Northeast Loop 820, offers quality cabinetry, doors, flooring, plumbing, and millwork products at discounted prices. This is the fifth Seconds & Surplus location in the Dallas Fort Worth […]
Gillfor Distribution and IKO Industries Announce Sales and Distribution Partnership
Gillfor Distribution and IKO Industries are excited to announce a multi-year national sales and distribution partnership that will extend our ability to service our independent LBM retail customers. This new partnership consolidates Gillfor Distribution’s extensive shingle and roofing product segment across Canada in order to work exclusively with Canada’s #1 shingle manufacturer and brand. “This […]
84 Lumber Opens Newest Component Plant Outside of Atlanta
84 Lumber, the nation’s largest privately held supplier of building materials, is pleased to announce the opening of its latest facility in Cartersville, Georgia as part of the company’s ongoing expansion plans. The new truss plant, scheduled to open by late December, is located on an 18-acre plot at 91 Riverside Drive, Cartersville, Georgia. It […]
Kohler Expands with Acquisition of KLAFS
German-based company manufactures and sells premium saunas, sanariums, infrared cabins, steam baths, and pool solutions Global kitchen and bath leader Kohler has entered into a definitive agreement to acquire KLAFS – a market-leading manufacturer of saunas, steam rooms, and other hydrothermal features – from the Egeria Group. The agreement was signed on Dec. 1, and is still subject to […]