Whit Gardiner will continue to lead the organization which will be a part of Kodiak’s growing Northwest region.
Homebuilding
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.
The central warehouse will supply all the company’s 116 Swedish branches with building materials and deliver them directly to construction sites. The new warehouse also enables day-to-day delivery to almost all of Sweden.
With this acquisition, US LBM now operates 12 locations in Northern California, including three structural component manufacturing facilities; the company also operates Homewood Truss, which is located north of Sacramento.
U.S. 30-year FRM averaged 7.22% as of May 2, 2024, up from last week when it averaged 7.17%. A year ago at this time, the 30-year FRM averaged 6.39%.
February indices show growth across major metro areas.
The Finnish Competition Authority has approved a business arrangement whereby Metsä Group will integrate the maintenance operations of its plywood and Kerto LVL mills in Finland into its own organisation as of 1 October 2024.
Eric Knox will focus on expanding the reach and enhancing the sales strategies within the Lumber and Building Materials (LBM) division.
Non-IFRS measure normalized EBITDA margin decreased to 20% for the year ended December 31, 2023 from 25% for the year ended December 31, 2022. This decrease was mainly due to decreased gross margins and increased operating costs.
30-year fixed-rate reaches 7.17%.
Operating EBITA amounted to SEK 91 million and the operating EBITA margin amounted to 5%.
Mr. Gandhi will join Beacon on May 1, 2024, and assume his role as CFO on or about May 6, 2024.
The transaction is expected to close in the Q2 2024 and is subject to customary closing conditions.
With this latest location, Koopman Lumber has expanded its presence to 13 facilities, including two distribution centers focused on builders and contractors delivering across Massachusetts.
In May, Setra is planning a small opening event for its Umeå office.
The first quarter saw a 10% increase in home sale revenues over the previous year.
By working with TDUK the business seeks to help drive improvements and decarbonisation in its supply chain, develop colleague knowledge and skills, and provide access to market intelligence and support to develop longer-term supply chain planning.