The partnership between Simonson Lumber and Kodiak opens new avenues for growth and innovation on multiple fronts, leveraging Kodiak’s network and capital expertise to fuel expansion.
Holzhaus-Gebäude
U.S. mortgage rates pull back.
The opening in Slemmestad, Norway, follows in the wake of the previous establishment in Askim in 2020 and the plan for a new branch opening in Sarpsborg in early 2025.
With the acquisition of RAKS, US LBM now operates 12 locations across the state of New Mexico.
Russell Tiejema succeeds Patrick McGuiness, who retired from the company last year.
Q1 2024 Adjusted EBITDA grew 6.3% to $45.6 million, from $42.9 million during the same period in 2023.
Pino Pucci succeeds Brad Thorlakson as President and CEO.
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.