The company noted that a 13 percent increase in housing revenue and its first quarter acquisition of Sportech helped more than offset a 21 percent decline in marine revenue.
1847 Holdings LLC, the holding company that owns cabinet and millwork companies as well as companies in other markets, has closed a fully marketed public offering of securities for gross proceeds of $11.1 million, prior to deducting placement agent fees and other offering expenses payable by the Company.
According to a state-by-state analysis of U.S Bureau of Labor Statistics data by Associated Builders and Contractors, the national September 2024 not seasonally adjusted construction unemployment rate was 3.7%, down 0.1% from a year ago.
New orders for residential furniture continue their year-over-year decline, dropping 7% in August compared to the year prior. However, they're up double digits compared to July figures.
The threat of fire continues to grow and evolve in the woodworking industry. Just this past year, my employer, Pennsylvania Lumbermens Mutual Insurance Company (PLM), has seen significant increases in fire claims, most notably caused by dust explosions.
The Canadian Woodworking Machinery Distributors Association reported more than 400 woodworking professionals from 300 companies attended the fifth annual Wood Technology Days.