
Former Huber Engineered Woods president brings 30 years of industry experience as board expands to 11 directors.

Former Huber Engineered Woods president brings 30 years of industry experience as board expands to 11 directors.

Second-quarter sales rose despite weaker housing starts, while the company expects affordability pressures, volatile pricing and subdued residential construction to continue influencing operations.

Volatile mortgage rates, weather disruptions, and cautious housing demand weigh on results and margins, with the largest pricing and gross-margin pressure in engineered wood products.

Company fined $6.38 million and ordered to implement compliance plan after purchasing more than $30 million in illegally trafficked wood.