financials

Stanley Furniture completes sale to Churchill Downs, changes name to HG Holdings

Stanley Furniture has completed the sale of substantially all of its assets to Churchill Downs LLC. As part of the agreement, the residential furniture manufacturer is changing its name to HG Holdings Inc.

By Karen M. Koenig, March 2, 2018 | 5:36 pm CST

Architectural Products

Residential doors drive Masonite sales up 6 percent, to $518 million

TAMPA, Fla. -Masonite International (NYSE: DOOR) reported strong results third quarter, with net sales up 6 percent to $518 million, a $28 million increase over the year prior. Volume was up 3 percent and unit prices rose 2 percent.

Masonite, which began trading last year on the New York Stock Exchange, says it sold 35 million doors in 2016, yielding $2 billion in revenue.

By Bill Esler, November 27, 2017 | 10:59 am CST

Architectural Products

Window giant Jeld-Wen Holding made a secondary offering of common stock

Jeld-Wen Holding, Inc. (NYSE:JELD) made a public offering of 12.5 million shares of its common stock by Onex Partners at $33.75 per share.

By Bill Esler, November 26, 2017 | 9:03 pm CST

Components & Sourcing

Stella-Jones sales fall on dampened revenues in railroad ties

Stella-Jones Inc. said growth in telephone poles and residential construction lumber sales led to growth in the latest quarter, offsetting declines in its railroad ties business.

By Bill Esler, November 14, 2017 | 4:56 pm CST

Components & Sourcing

Patrick Industries splits shares as the wood component maker sales jumps 34 percent

Wood components giant Patrick Industries, Inc. (NASDAQ: PATK) board approved a three-for-two stock as sales rose to $407 million, putting it on track for more than $1.2 billion for the year.

By Bill Esler, November 11, 2017 | 8:31 pm CST

Pricing & Supply

Stella-Jones sees railroad tie business growing

Railroad tie and utility pole manufacturer Stella-Jones reports sales of $594.2 million second quarter, up 5.5 percent, with a boost in results from U.S. acquisitions.

By Bill Esler, August 13, 2017 | 9:22 pm CDT

Pricing & Supply

Conifex Timber earnings jump, but it sets millions aside for U.S. duties

Vancouver-based Conifex Timber Inc. reported record results second quarter, but set aside $4.6 million, and could need millions more, if U.S. duties become retroactive.

By Bill Esler, August 13, 2017 | 8:42 pm CDT