Content about Headlines

July 22, 2014

When a local television station in Chicago broke a story earlier this month about workers picketing over a company’s bathroom policy, John Fitzgerald, VP marketing at Chicago Faucets found the story interesting.

“The company was the WaterSaver Faucet Co.,” Fitzgerald said. “We compete with them in a niche area of faucets, and I’m always interested in what my competitors are doing. I had no idea that a few days later, our own company would mistakenly become the subject of that story.”

July 22, 2014

Existing-home sales broke the 5-million benchmark in June, rising 2.6% to a seasonally adjusted annual rate of 5.04 million units sold, according to the National Association of Realtors.

June's figure is in comparison to an upwardly revised 4.91 million unit rate in May, reaching their highest pace since October 2013. However, they're still 2.3% below last year's number.

July 22, 2014

Stocks turned down at Monday's close, with Builders FirstSource (BLDR) leading the pack in terms of bearishness.

July 22, 2014

Shares of Trex (TREX) were up 5.28% on Tuesday after the stock was upgraded from hold to buy on an analyst upgrade.

July 22, 2014

The Charlotte Business Journal awarded Steve Hagood the ‘CIO of the Year’ in recognition of his significant contributions to Ingersoll Rand’s bottom line. Hagood is the VP and chief information officer for Ingersoll Rand.

Hagood develops and executes Ingersoll Rand’s information technology (IT) strategies. His innovative use of IT to optimize business processes, enable growth, and create competitive advantage and a better IT customer experience helped him secure this prestigious honor. 

July 22, 2014

The Devine Contact Collection of luxury vinyl flooring is now available at Lowe's locations throughout Canada.

The flooring product, which offers the additional sales proposition of easy installation with a patented adhesive backing, is also currently distributed through Wanke Cascade in the Western U.S. The product is not on the shelves in Lowe’s U.S. stores.

July 21, 2014

Stocks were up across the board at Friday's close, most notably Sears Holdings (SHLD), Builders FirstSource (BLDR) and Simpson (SSD).

July 21, 2014

Housing starts sent shockwaves through the industry after falling more than 9%. Meanwhile, retail sales made progress in May.

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July 21, 2014

Klein Tools released the new Switch Drive Handle System to easily alternate any accessory with a power groove between a power tool and hand tool.

While power drills can make quick work of large fastening jobs, a screwdriver is still needed for those times when you need the finesse of a hand tool, the Lincolnshire, Illinois-based company explained. Klein’s new Switch Drive Handle System allows end users to switch between a power drill and hand tool minimizing the number of tools and saving space.

July 21, 2014

A price index of lumber and panels used in actual construction for July 18, 2014

July 21, 2014

Newell Rubbermaid is paying $308 million for Ignite Holdings, a manufacturer of reusable water bottles and travel mugs under the Contigo and Avex brands.

Ignite Holdings is currently under North Castle Partners, a private equity firm with a focus in healthy living products. The company has exhibited a track record of growth, with a historical four year sales CAGR of 35%.

July 21, 2014

PPG Industries is moving forward with its plans to sell the assets of its Mt. Zion, Illinois glass manufacturing facility to its partner of 13 years, glass manufacturer Fuyao Glass America Inc.

In Fuayo's hands, the facility (which currently manufactures glass for residential and commercial projects) will be retrofitted to produce automotive glass.

July 21, 2014

San Jose, California-based Realtor.com reports that 67% of visitors to the real estate web site plan home renovations within the next six months. 

That finding is the result of the web site's Home Improvement Survey, in which more than 1,500 consumers participated from May 19 to May 29. 

The survey results, released July 17, include the following.

Most popular reasons for planned home improvements:

July 21, 2014

To enrich any caulk project, Red Devil says its new Create-A-Color Caulk Kit makes it easy for DIYers or contractors to create a caulk color to match just about any interior or exterior design element-saying goodbye to plain old white.

The product speaks to a problem the company describes this way: Often after a kitchen or bath remodel, the rich colors of fixtures and materials that were carefully chosen to blend together have an unwanted standout bead of white caulk. The same can be true on the exterior with trim, molding and siding.

July 18, 2014

Following its agreement last month to acquire Consorcio Comex, Pittsburgh, Pennsylvania-based PPG Industries released what it called a record performance for its second quarter. 

PPG reported net sales from continuing operations of $4.08 billion, up 5.1% from $3.88 billion in the same quarter last year.

Net income increased 13.2% to $386 million. 

PPG announced June 30 it had reached an agreement to acquire Consorcio Comex, a leading Latin American architectural and industrial coatings company, in a transaction valued at $2.3 billion.

July 18, 2014

Barrington, Illinois-based EcoPlanet Bamboo Group has nabbed three former Weyerhaeuser executives in its latest hiring spree.

Of these, former Weyerhaeuser Solutions president Marvin Risco has been named group president. He has held multiple positions at Weyerhaeuser over the years, ranging from financial director for Weyerhaeuser Forestlands International to VP international operations in Latin America, Europe and Asia.

July 18, 2014

Electrolux president and CEO Keith McLoughlin reflected on the company's progress during the second fiscal quarter, pointing to prospects for growth.

However, net sales decreased by about 4.9% year-over-year, totaling $26.3 billion for the three-month period. That decrease was slightly smaller for the six-month period -- 2.0%.

Meanwhile, the company posted a net loss of $92 million for the quarter. For the first six months, the company's net income of $339 million compares to net income of $1.003 billion for the same six-month period last year. 

July 18, 2014

Portland, Maine-based Emery-Waterhouse, the hardlines distributor acquired by Ace Hardware Corp. in February, announced the new hire of Charles Chibante as VP of Sales.

Chibante comes to Emery-Waterhouse bringing over 20 years of experience in retail, operations, marketing and leadership, including 13 years with Wal-Mart in various leadership positions, as well as eight years as a partner in a family owned and operated construction company.  

July 18, 2014

The Indiana Lumber & Builder’s Supply Association will host the 20th Sycamore Scramble Aug. 7 at Oak Tree Golf Course in Plainfield, Indiana.

This event benefits the Blair F. Collings Scholarship Program, which is one of the largest single scholarship granting programs in the LBM industry. 

The scholarship program is named to honor the memory of Blair Collings, the son of Ferguson Lumber owner Joe Collings, a past chairman of the National Lumber and Building Material Dealers Association.

July 18, 2014

Denver, Colorado-based Johns Manville has earned the "Supplier of the Year" designation for the second year in a row by insulation contractor association Insulate America, Inc.

July 18, 2014

Michael H. McGarry, currently executive VP of Pittsburgh, Pennsylvania-based PPG Industries, has been appointed to the post of chief operating officer.

McGarry will have executive oversight responsibility for all of PPG’s strategic business units and operating regions and for the information technology (IT), environment, health and safety (EH&S), and purchasing functions. He will remain based at PPG’s global headquarters in Pittsburgh and will continue to report to Chairman and CEO Charles E. Bunch.

July 17, 2014

A more stable lumber market boosted the second-quarter performance of Universal Forest Products, even as the company was forced to pay higher duties for Chinese nails. 

Universal reported second-quarter net earnings of $21.8 million, up 38.1% over net earnings of $15.8 million for the second quarter of 2013. Net sales were $773 million, up 4.6% from $738 million in the same quarter last year.

July 17, 2014

Taking home the 2014 Golden Hammer Award for Electrical Supplies was Leviton, Melville, New York-based supplier of electrical wiring systems, network solutions and lighting products.

What set this electrical company apart from the others was its ability to recognize needs as they arise in the marketplace and respond to them at a rapid and innovative clip.

July 17, 2014

A bad day for housing starts became a bad day for the stock market. All but two of HCN's Top 30 -- which included SHW on the heels of its earnings report -- were in the red on Thursday.

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