Forest Products

Kao Rated Triple-A for Climate Change, Water Security, and Forests for Fourth Consecutive Year by CDP

Retrieved on: 
Tuesday, February 6, 2024

Kao, a leading manufacturer of personal care, household, and cosmetics products, received the highest triple-A score for its sustainability initiatives involving climate change, forests, and water security.

Key Points: 
  • Kao, a leading manufacturer of personal care, household, and cosmetics products, received the highest triple-A score for its sustainability initiatives involving climate change, forests, and water security.
  • More than 21,000 firms were evaluated for the ‘A List’, with only 10 selected for inclusion across the three categories.
  • Kao has now been included in the Climate Change ‘A List’ for the fifth time, the Forests ‘A List’ for the fourth time, and the Water Security ‘A List’ for the seventh time.
  • In the forests area, Kao has created a “Palm Oil Dashboard” on its website, which provides information on its palm oil procurement activities.

UFP Industries announces quarterly dividend of $0.33 per share

Retrieved on: 
Monday, February 5, 2024

On February 1, 2024, the Board of Directors of UFP Industries, Inc. (Nasdaq: UFPI) approved a quarterly dividend payment of $0.33 per share, a 10 percent increase over the quarterly dividend of $0.30 per share paid in December 2023 and a 32 percent increase over the quarterly dividend of $0.25 per share paid in March 2023.

Key Points: 
  • On February 1, 2024, the Board of Directors of UFP Industries, Inc. (Nasdaq: UFPI) approved a quarterly dividend payment of $0.33 per share, a 10 percent increase over the quarterly dividend of $0.30 per share paid in December 2023 and a 32 percent increase over the quarterly dividend of $0.25 per share paid in March 2023.
  • The dividend is payable on March 15, 2024, to shareholders of record on March 1, 2024.
  • “Our strong cash flow not only allows us to invest in growing UFP Industries to generate even greater returns, but to share our success through these dividends.
  • UFP Industries is ranked #403 on the Fortune 500 and #149 on Industry Week’s list of America’s Largest Manufacturers.

DXP Enterprises, Inc. Announces Acquisition of Kappe Associates, Inc.

Retrieved on: 
Monday, February 5, 2024

DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisition of Kappe Associates, Inc. (“Kappe”).

Key Points: 
  • DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisition of Kappe Associates, Inc. (“Kappe”).
  • Kappe is a leading distributor and manufacturers representative of pumps, controls and process equipment focused on serving the water and wastewater industry.
  • DXP funded the acquisition with cash from the balance sheet.
  • “We are pleased to announce the acquisition of Kappe and start the year with great additions to our water and wastewater growth efforts.

Paul Smith’s College Receives $1 Million Award From Northern Border Regional Commission’s Forest Economy Program

Retrieved on: 
Thursday, February 1, 2024

Paul Smith’s College , today announced it has secured a $1 million grant from the 2023 Forest Economy Program, backed by New York Governor Kathy Hochul and the Northern Border Regional Commission (NBRC).

Key Points: 
  • Paul Smith’s College , today announced it has secured a $1 million grant from the 2023 Forest Economy Program, backed by New York Governor Kathy Hochul and the Northern Border Regional Commission (NBRC).
  • This grant will enable Paul Smith’s College to make essential infrastructure improvements on its rural campus in Franklin County, New York — an investment that will strengthen the institution's ongoing commitment to maintain and grow the regional forest economy and forestry-related industries.
  • “Receiving this award from the NBRC is a testament to Paul Smith’s College's pivotal role in advancing sustainable practices and contributing to the vitality of the forest economy in New York State,” said Dan Kelting, President of Paul Smith’s College.
  • In addition to the $1 million Forest Economy Program grant, Paul Smith’s College has received nearly $3 million in other federal funding, demonstrating its dedication to researching and advocating efforts that improve the planet and the lives that inhabit it.

ERIKS North America Transforms into LGG Industrial: A New Chapter in Industrial Distribution

Retrieved on: 
Thursday, February 1, 2024

ERIKS North America, a longstanding leader in fluid handling, sealing, and material conveyance solutions, announced today that it is rebranding to LGG Industrial.

Key Points: 
  • ERIKS North America, a longstanding leader in fluid handling, sealing, and material conveyance solutions, announced today that it is rebranding to LGG Industrial.
  • LGG Industrial captures the knowledge, experience, and reputation that serve as the foundation of the company.
  • As the industry continues to evolve, LGG Industrial remains a steadfast partner dedicated to preventing downtime and enhancing operational performance.
  • “LGG Industrial is the standard under which we will continue our unwavering dedication and service to the North American industrial market.”
    For more information on LGG Industrial and to understand how the company can enhance business efficiency, please visit www.lggindustrial.com .

The St. Joe Company Announces Record Setting Performance in 2023 and Growth Across All Three Segments

Retrieved on: 
Thursday, February 1, 2024

Joe” or the “Company”) announces record setting performance in 2023 with growth across all segments of the Company.

Key Points: 
  • Joe” or the “Company”) announces record setting performance in 2023 with growth across all segments of the Company.
  • St. Joe achieved all-time record activity in a number of key metrics in its residential, hospitality and commercial segments.
  • “St.
  • The Company expects to release its fourth quarter and full year 2023 results after the market close on Wednesday, February 21, 2024.

Mativ Announces Conference Call to Discuss Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 1, 2024

Mativ Holdings, Inc. (NYSE: MATV) today announced it will release fourth quarter and full year 2023 financial results on February 21, 2024, after the market closes.

Key Points: 
  • Mativ Holdings, Inc. (NYSE: MATV) today announced it will release fourth quarter and full year 2023 financial results on February 21, 2024, after the market closes.
  • A conference call to discuss these results has been scheduled for 8:30 a.m.
  • The call can be accessed via webcast or by telephone using the information set forth below.
  • An online replay of the call and conference call materials will be accessible on the Investors section of Mativ’s website at ir.mativ.com shortly after the webcast is complete.

Axiom New Gardener Study Reveals What’s Important to New Gardeners in 2024

Retrieved on: 
Thursday, February 1, 2024

“New gardeners are highly satisfied and feel successful with their 2023 gardening pursuits,” says Mike Reiber , Axiom CEO.

Key Points: 
  • “New gardeners are highly satisfied and feel successful with their 2023 gardening pursuits,” says Mike Reiber , Axiom CEO.
  • “Seven in 10 respondents will plant more and expand their gardens in 2024.
  • Organically and locally grown plants important – 70% say organically and locally grown plants are extremely important or important.
  • Axiom recruited 300 new gardeners who’ve gardened four years or less, who own a home and who purchased a garden plant in 2023.

Jürgen Schröder Named as Greater Houston Port Bureau’s 2024 Maritime Leader of the Year

Retrieved on: 
Wednesday, January 31, 2024

The Greater Houston Port Bureau (“Port Bureau”) is pleased to announce that Jürgen Schröder, founder of Schröder Marine Services, Inc. (“Schröder Marine”), has been named the 2024 Maritime Leader of the Year.

Key Points: 
  • The Greater Houston Port Bureau (“Port Bureau”) is pleased to announce that Jürgen Schröder, founder of Schröder Marine Services, Inc. (“Schröder Marine”), has been named the 2024 Maritime Leader of the Year.
  • Schröder will be honored at the Port Bureau’s Annual Maritime Dinner on August 24, 2024.
  • The Port Bureau Board of Directors named Schröder as the 2024 honoree for his staunch service to Houston’s maritime community and for being a champion of seafarer welfare.
  • It is a privilege to recognize him as our 2024 Maritime Leader of the Year,” said Vincent DiCosimo, chairman of the Greater Houston Port Bureau.

WestRock Reports First Quarter Fiscal 2024 Results

Retrieved on: 
Thursday, February 1, 2024

Net income declined in the first quarter of fiscal 2024 compared to the prior year quarter primarily due to lower selling price/mix, the impact of increased economic downtime and prior year mill closures, lower volumes excluding the Mexico Acquisition and higher restructuring and other costs, net.

Key Points: 
  • Net income declined in the first quarter of fiscal 2024 compared to the prior year quarter primarily due to lower selling price/mix, the impact of increased economic downtime and prior year mill closures, lower volumes excluding the Mexico Acquisition and higher restructuring and other costs, net.
  • Restructuring and other costs, net during the first quarter of fiscal 2024 were $66 million.
  • Net cash provided by operating activities was $275 million in the first quarter of fiscal 2024 compared to $266 million in the prior year quarter.
  • During the first quarter of fiscal 2024, WestRock invested $247 million in capital expenditures and returned $78 million in capital to stockholders in dividend payments.