Resolute Forest Products, a manufacturer of lumber and paper, reported net income of $31 million for the third quarter, reversing a net loss of $44 million in the third quarter of 2011.
U.S. residential furniture factory orders grew 8% in August compared to the same period last year, Smith Leonard reported. Year-to-date new orders also showed growth for the second consecutive year, up 5% over 2011 figures.
The deadline for Design Portfolio Awards, given each year to honor custom woodworkers for their outstanding craftsmanship, has been extended to Nov. 29.
King Aerospace Commercial Corp. will expand its Ardmore, OK, facility to make room for additional cabinetry, upholstery and panel covering capabilities.
The tenth annual NeoCon East attracted 6,808 attendees and 272 exhibitors to the Baltimore Convention Center, making it one of the region's more successful wood industry trade shows, according to show management.
For cabinetmakers, furniture repair and home remodelers, Hurricane Sandy is the story of the week, and the year, as it drives thousands of owners to restore, remodel and rebuild homes and businesses.
MasterBrand Cabinets' Auburn, AL hiring, along with a cabinetmaking robot video, and plywood dumping charges and countercharges were among the most viewed stories.
Masco cabinetry sales fell 5%, hurt by Europe's woes and big box store sales. Overall Masco sales were flat at $2 billion for the third quarter. North American sales rose 4%; international sales fell 12%.
Middlebury Hardwoods, a $33 million RV wood components firm, was acquired by wood products giant Patrick Industries, the latest in a series of strategic deals. Patrick income jumped 45%, and it added an $80 million credit facility.