Builders hardware

Installed Building Products to Report First Quarter 2024 Financial Results

Retrieved on: 
Thursday, April 25, 2024
Building Systems, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, IBP, Builders hardware, Webcast, Conference, Eastern Time Zone

Installed Building Products, Inc. (the “Company”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, announced today that the Company will release its first quarter 2024 financial results on May 9, 2024.

Key Points: 
  • Installed Building Products, Inc. (the “Company”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, announced today that the Company will release its first quarter 2024 financial results on May 9, 2024.
  • A webcast and conference call will be held that same day at 10:00 a.m. (Eastern Time) to review the Company’s results.
  • The conference call will be available on the investor relations section of the Company’s website at www.installedbuildingproducts.com .
  • To Participate in the Telephone Conference Call:
    Dial in at least five minutes prior to start time:

Worthington Enterprises Reports Third Quarter Fiscal 2024 Results

Retrieved on: 
Wednesday, March 20, 2024
Consumer, Separation, Conference, Builders hardware, Use, Final good, WAVE, Video game

Income tax expense was $18.5 million in the current year quarter compared to $7.4 million in the prior year quarter.

Key Points: 
  • Income tax expense was $18.5 million in the current year quarter compared to $7.4 million in the prior year quarter.
  • On an adjusted basis, the effective tax rate was 23.1% in the current year quarter compared to 20.9% in the prior year quarter.
  • The Company ended the third quarter of fiscal 2024 with cash of $227.3 million.
  • “Worthington Enterprises is operating well as we head into our fourth quarter,” Rose said.

INDEVCO North America Launches user friendly new website

Retrieved on: 
Tuesday, March 12, 2024
Builders hardware, Construction, Bassil, Online shopping

The new website features a modern design that reflects INDEVCO North America's commitment to innovation and excellence.

Key Points: 
  • The new website features a modern design that reflects INDEVCO North America's commitment to innovation and excellence.
  • "We are thrilled to unveil our new website, which showcases our Building Products and Packaging Solutions in a visually appealing and user-friendly manner," said Ned Bassil, CEO of INDEVCO North America.
  • "We invite everyone to explore our website and discover how INDEVCO North America can meet their building products and packaging needs."
  • To experience the new website and learn more about INDEVCO North America's Building Products and Packaging Solutions, please visit indevconorthamerica.com.

Saint-Gobain Announces Intent to Acquire The Bailey Group of Companies, Leaders in Metal Building Solutions in Canada

Retrieved on: 
Wednesday, April 3, 2024
Manufacturing, Other Manufacturing, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Electricity, GCP, Culture, Growth, Grid, Saint-Gobain, Builders hardware, Light, Acquisition, Family, Heart, CertainTeed, Hydro-Québec, Multimedia, Float glass

Saint-Gobain, through its building materials subsidiary CertainTeed Canada, today announced its intent to acquire The Bailey Group of Companies (Bailey), a leading Canadian manufacturer of commercial metal framing and building systems.

Key Points: 
  • Saint-Gobain, through its building materials subsidiary CertainTeed Canada, today announced its intent to acquire The Bailey Group of Companies (Bailey), a leading Canadian manufacturer of commercial metal framing and building systems.
  • In addition, when approved, the acquisition will include all divisions of The Bailey Group — Bailey Metal Products, Bailey Metal Processing, and Agway Metals.
  • “Working together, we will enhance the experience for our customers throughout Canada, who will benefit from our combined expertise and portfolio of complete building systems and solutions.
  • We pride ourselves in the culture that has been built over the past 74 years,” said Stuart Hunt, President of Bailey Metal Processing.

Installed Building Products Successfully Closes New Term Loan B Facility

Retrieved on: 
Thursday, March 28, 2024
Professional Services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Building Systems, BofA Securities, IBP, Form, Builders hardware, Security (finance), Moody's Investors Service, RBC Capital Markets

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced that the Company has successfully closed its previously announced new 7-year $500 million term loan (the “New Term Loan”).

Key Points: 
  • Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced that the Company has successfully closed its previously announced new 7-year $500 million term loan (the “New Term Loan”).
  • The New Term Loan matures on March 28, 2031, has no financial maintenance covenants, and is rated BB+ by S&P Global Ratings and Ba1 by Moody's Investors Service.
  • The pricing of the New Term Loan bears interest at the adjusted term secured overnight financing rate plus 2.00% per annum, or an alternative base rate plus 1.00%.
  • Net proceeds of the New Term Loan were used to refinance the Company’s prior $490 million Term Loan B facility and pay fees.

Cornerstone Building Brands to Acquire Harvey Building Products and Increase its Exposure to Repair-and-Remodel (R&R)-Focused Channels

Retrieved on: 
Wednesday, March 20, 2024
Retail, Architecture, Manufacturing, Other Construction & Property, Residential Building & Real Estate, Construction & Property, Building Systems, Other Retail, Urban Planning, Other Manufacturing, REIT, Landscape, Interior Design, Steel, Growth, Harvey, Partnership, Builders hardware, Acquisition

Cornerstone Building Brands, Inc. ("Cornerstone Building Brands"), a leading manufacturer of exterior building products in North America, has reached an agreement to acquire Harvey Building Products (“Harvey”), a manufacturer of high performing windows and doors, and its portfolio of industry-leading brands: Harvey, SoftLite and Thermo-Tech.

Key Points: 
  • Cornerstone Building Brands, Inc. ("Cornerstone Building Brands"), a leading manufacturer of exterior building products in North America, has reached an agreement to acquire Harvey Building Products (“Harvey”), a manufacturer of high performing windows and doors, and its portfolio of industry-leading brands: Harvey, SoftLite and Thermo-Tech.
  • Headquartered in Waltham, Mass., Harvey has approximately 1,200 employees at four manufacturing facilities located throughout the Northeast and Midwest.
  • This strategic acquisition increases Cornerstone Buildings Brands’ exposure to the Repair & Remodel (R&R) end market and strengthens its offering in distribution and dealer channels, adding premium products to its portfolio.
  • “Harvey Building Products has a strong reputation as a premium R&R manufacturer and is an ideal addition to Cornerstone Building Brands as we forge ahead in our journey to be a premier exterior building products company,” said Rose Lee, President and Chief Executive Officer of Cornerstone Building Brands.

Installed Building Products Celebrates Five Years of Community Impact

Retrieved on: 
Tuesday, March 19, 2024
Commercial Building & Real Estate, Construction & Property, Professional Services, Building Systems, Philanthropy, Environmental, Social and Governance (ESG), Other Philanthropy, Other Construction & Property, Residential Building & Real Estate, Columbus Foundation, IBP, House, Education, Builders hardware, Organization, Gary Sinise Foundation, Empowerment, Dynasty, Housing

Installed Building Products, Inc. (NYSE: IBP), an industry-leading installer of insulation and complementary building products, is proud to celebrate the fifth anniversary of its community giving initiatives, which have significantly contributed over $10 million in educational scholarships and support to diverse nonprofits.

Key Points: 
  • Installed Building Products, Inc. (NYSE: IBP), an industry-leading installer of insulation and complementary building products, is proud to celebrate the fifth anniversary of its community giving initiatives, which have significantly contributed over $10 million in educational scholarships and support to diverse nonprofits.
  • Over the last half-decade, IBP has focused on creating a sustainable impact through inclusive, trust-based philanthropy, corporate giving, and community impact programs.
  • "As we celebrate this significant milestone, we're reminded of the collective power and impact of our community engagement efforts,” said Kelly Clifford Riehl, president of the Installed Building Products Foundation.
  • This anniversary celebrates our shared achievements in fostering a more inclusive, empowered, and supported community.

Installed Building Products Announces Plans to Refinance and Extend its Term Loan B Facility

Retrieved on: 
Wednesday, March 13, 2024
Building Systems, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, IBP, Builders hardware

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced that the Company is seeking to refinance and extend its existing $490 million Term Loan B facility due 2028 with a new 7-year $500 million term loan (the “New Term Loan”) due 2031.

Key Points: 
  • Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced that the Company is seeking to refinance and extend its existing $490 million Term Loan B facility due 2028 with a new 7-year $500 million term loan (the “New Term Loan”) due 2031.
  • Net proceeds of the New Term Loan will be used to refinance the existing term loan and pay fees.
  • The terms of any New Term Loan will be disclosed upon the completion of the transaction, which is expected to be announced in the next several weeks.
  • The lender’s presentation will be posted on the investor relations section of the Company’s website on Wednesday, March 13, 2024.

Zonda Expands Building Products Database Through Acquisition of BDX and Envision Platform

Retrieved on: 
Monday, April 1, 2024
Principal, Forecasting, Intelligence, BDX, Builders hardware, Research, Acquisition, Retail

NEWPORT BEACH, Calif., April 1, 2024 /PRNewswire-PRWeb/ -- Zonda today announced the expansion of its building products research data capabilities and services as a result of the recent acquisition of BDX, including the leading new home listings platform, NewHomeSource.com, and the leading new home design platform, Envision. Envision empowers homebuyers by allowing them to view all the product options that are available for their new home and visualize their design selections before the home is built. Envision is a key addition to Zonda's comprehensive building products data and research strategy, providing insights into consumer choices and motivations.

Key Points: 
  • NEWPORT BEACH, Calif., April 1, 2024 /PRNewswire-PRWeb/ -- Zonda today announced the expansion of its building products research data capabilities and services as a result of the recent acquisition of BDX , including the leading new home listings platform, NewHomeSource.com , and the leading new home design platform, Envision.
  • Envision is a key addition to Zonda's comprehensive building products data and research strategy, providing insights into consumer choices and motivations.
  • –Todd Tomalak, Principal
    "The acquisition of Zonda and BDX is synergistic and will allow for a more holistic and comprehensive view of building products data," said Jeff Meyers, CEO of Zonda.
  • This integration allows Zonda to craft a unique and comprehensive narrative for the building products industry.

Installed Building Products Reports Record Fourth Quarter and Fiscal Year 2023 Results

Retrieved on: 
Thursday, February 22, 2024
Building Systems, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Foam, Acquisition, IBP, Builders hardware, United States Census Bureau, Growth, Webcast, Employment, Housing, Holding company

Installed Building Products, Inc. (the "Company" or "IBP") (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced results for the fourth quarter ended December 31, 2023.

Key Points: 
  • Installed Building Products, Inc. (the "Company" or "IBP") (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced results for the fourth quarter ended December 31, 2023.
  • IBP continues to prioritize profitable growth through its proven strategy of acquiring well-run installers of insulation and complementary building products.
  • For the fourth quarter of 2023, net revenue was $720.7 million, an increase of 5.0% from $686.5 million for the fourth quarter of 2022.
  • Adjusted net income margin* for the fourth quarter was 10.7% compared to 10.1% in the prior year quarter.