Cascades deeply regrets and is saddened to announce the death of one of its cofounders, Mr. Bernard Lemaire, at the age of 87. Bernard Lemaire was born in Drummondville, Québec in 1936. In 1960, he joined the family business of waste recovery, Drummond Pulp and Fiber. Four years later, under his impetus, and with the […]
Canadian Tire Corporation Reports Third Quarter 2023 Results
Canadian Tire Corporation, Limited (TSX: CTC) (TSX: CTC.A) (“CTC” or the “Company”) today released its third quarter results for the period ended September 30, 2023. “Against softening consumer demand, our Q3 results show the continued resilience, relevance, and underlying strength of our business as we leveraged loyalty and prioritized essential categories within our multi-category assortment,” […]
Statistics Canada: Building Permits September 2023
The total monthly value of building permits in Canada decreased 6.5% in September to $11.2 billion, with most of the drop attributed to the monthly decline in the institutional component. On a constant dollar basis (2012=100), the total value of building permits was down 7.5% to $6.4 billion in September. Housing intentions in British Columbia lead overall gains in […]
Style Crest, Inc. Announces Two Acquisitions
Style Crest announces the acquisition of Westland Distributing based in Colorado and Alumi-Cover of Arizona Style Crest, Inc, a leading provider of HVAC, foundation covers, and other building products for the manufactured housing market, is pleased to announce its acquisition of Westland Distributing, a prominent distributor based in Denver, CO. With additional locations in Las Vegas, Phoenix, and Sacramento, this strategic acquisition expands […]
Boise Cascade Moves Distribution Location to Modesto, CA
Boise Cascade Company’s (NYSE: BCC) Building Materials Distribution (BMD) division announced today that it has completed the purchase of a 20-acre property in Modesto, CA. The Company’s current operations in Lathrop, CA, will relocate to this new facility, which includes office space and 190,000 sq. ft. enclosed warehouse served by rail. “We are very excited to join the Modesto community,” said Bill […]
Installed Building Products Reports Third Quarter 2023 Results
Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights (Comparisons are to Prior Year Period) Recent Developments “Our third quarter and year-to-date financial results reflect the continued benefits of our product, end-market […]
LL Flooring Reports Third 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 September 30, 2023. “We continue to navigate uncertainty in the macroeconomic environment due to low consumer confidence, inflation, an elevated interest and mortgage rate environment and lower […]
Avon Plastics Expands Distribution Center with New 40,000 Square Foot Warehouse Opening December 1st
Avon Plastics, a leading provider of high-quality recycled plastic products, is pleased to announce the expansion of its distribution center with the opening of an additional 40,000-square-foot warehouse. The state-of-the-art facility is set to commence operations on December 1st, 2023. The decision to expand the distribution center comes as part of Avon Plastics’ continued commitment […]
Mortgage Applications Increase in November 8th MBA Weekly Survey
Mortgage applications increased 2.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 3, 2023. The Market Composite Index, a measure of mortgage loan application volume, increased 2.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]
ADENTRA Announces Third Quarter 2023 Results
Third quarter 2023 sales of US$558.7 millionCash flow from operations of US$59.1 millionQuarterly dividend increased by 8% to C$0.14 per share ADENTRA Inc. (“ADENTRA” or the “Company”) today announced financial results for the three and nine months ended September 30, 2023. ADENTRA is one of North America’s largest distributors of architectural building products to the residential, […]