Wooden Panels Market News

Wooden Panels

Builders FirstSource, Inc. announced that its CEO, Dave Flitman, has stepped down as President, CEO and member of the Board of Directors to accept another opportunity outside of the industry. The Board has appointed Dave Rush, Executive Vice President, to serve as interim CEO, effective immediately, until a permanent s...

US LBM has expanded its reach in the New York metropolitan area, opening a new roofing and siding focused location in Whippany, New Jersey. The new location will operate under US LBM’s Universal Supply division.

Välinge Croatia signed an agreement to acquire 85% of the shares in the Croatian furniture company Spin Valis. The intention is to acquire 100% of the shares. Spin Valis is one of Croatia's largest manufacturers of solid oak furniture.

Hardwoods Distribution's Q3 2022 consolidated sales grew to $659.7 million, an increase of $188.0 million, or 39.9%, from $471.7 million in the same period in 2021. Gross profit for the Q3 2022 grew 19.6% to $139.0 million, from $116.2 million in the same quarter last year.

Taiga Building Products' Q 3 2022 sales were $533.1 million, compared to $484.6 million over the same period last year. The increase in sales by $48.5 million, or 10% was largely due to higher selling prices for commodity products.

In the first three quarters of 2022, the Homag Group’s sales increased by 20% to Euro 1,195 million, compared to Euro 1,000 million in last year. The Homag Group was able to significantly increase its EBIT before extraordinary effects by 38% to Euro 92.4 million (previous year: Euro 67.1 million) and already reached th...

Louisiana-Pacific Corporation's net sales for the Q3 2022 decreased year-over-year by $166 million, or 16%. Income from continuing operations for the Q3 2022 decreased year-over-year by $203 million (or 61%) to $129 million, or $1.74 per diluted share.

US LBM has acquired Comtech. Comtech will operate as part of US LBM’s Professional Builders Supply, which distributes residential and commercial building materials, such as lumber, siding, trim, doors, windows, decking and railing, to builders and remodelers across the Carolinas.

Boise Cascade reported net income of $219.6 million, or $5.52 per share, on sales of $2.2 billion for the Q3 ended September 30, 2022, compared with net income of $91.7 million, or $2.31 per share, on sales of $1.9 billion for the Q3 ended September 30, 2021.

Snavely Forest Products has decided to expand its operations by opening a new location in Gonzales, Texas. Marshall Owens, former Sales Manager in Snavely's Dallas branch, has accepted the position as General Manager of the new 17-acre, rail-serve division in Gonzales.

JELD-WEN Holding's net revenue of $1,295.8 million increased 13.0% for the Q3 2022 driven by 18% core revenue growth. Adjusted EBITDA increased 17.9% in the Q3 to $116.5 million.