Pino Pucci succeeds Brad Thorlakson as President and CEO.
Homebuilding
Revenue has decreased due to some material prices stabilizing at a lower level which are less than the prior few years and a more competitive construction market fueled by interest rate hikes by the Bank of Canada.
With this acquisition, the Thorne Lumber locations in the Missouri communities of Chillicothe, Cameron, and Plattsburg will bring R.P. Lumber’s total location count to 87, including 20 in Missouri.
U.S. mortgage rates move up.
U.S. home prices show continued growth in major metro markets.
Adjusted EBITDA was $39 million, or 5.3% of net sales, for the Q1 2024, compared to $47 million, or 5.9% of net sales in the Q1 2023, which includes the net benefit of duty-related items.
Jared Hufford will expand his responsibilities to include overseeing the Retail Performance team and spearheading the implementation of the inventory productivity analysis tool.
U.S. mortgage rates drop below 7% for the first time in more than a month.
Atlas Engineered Products is set to supply wall panels and engineered roof trusses for Westhaven Builders’ upcoming senior living projects in Kimball, Michigan. The project, valued at approximately $800,000, is currently scheduled to commence in the Company’s Q3.
The decision will impact approximately 200 production and operations members in Hickory.
American Laminators provides products to the North American market and has supplied landmark projects.
U.S. housing starts rose 5.7% in April, building permits fall 3%.
Since 1888, Schoeneman’s has established itself as a trusted name with experienced staff and a large selection of building materials and products.
U.S. mortgage rates continue to decrease.
The number of newly listed properties rose 2.8% month-over-month.
Whit Gardiner will continue to lead the organization which will be a part of Kodiak’s growing Northwest region.
Rate influenced by weaker-than-expected jobs report.
First decline of the year signals fragile economic recovery.
Gross profit was $1.3 billion, a decrease of 5.2% compared to the prior year period.
The transaction, scheduled to close on Friday, May 17th, marks R.P. Lumber’s fourth acquisition this year and its first location in Carroll County.