OSB

LP Building Solutions Expands LP NovaCore® Thermal Insulated Sheathing Line for More Energy-Efficient Homes

Retrieved on: 
Tuesday, April 9, 2024
Home Goods, Residential Building & Real Estate, Building Systems, Retail, Commercial Building & Real Estate, Construction & Property, Green Technology, Manufacturing, Environment, Forest Products, Natural Resources, Other Manufacturing, Interior Design, Architecture, Other Construction & Property, XPS, OSB, Multimedia, R5, LP, Engineered wood

LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced a significant expansion in its LP NovaCore® Thermal Insulated Sheathing line.

Key Points: 
  • LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced a significant expansion in its LP NovaCore® Thermal Insulated Sheathing line.
  • View the full release here: https://www.businesswire.com/news/home/20240409840073/en/
    LP NovaCore® Thermal Insulated Sheathing line expands with the addition of R3 and R7 thickness options.
  • Featuring cutting-edge Owens Corning® FOAMULAR® NGX™ XPS foam, these panels can strengthen thermal resistance and help shield homes against fluctuating temperatures.
  • “Expanding our range of insulated sheathing reflects LP’s dedication to meeting the evolving needs of builders,” said LP NovaCore Product Manager Billy Webb.

OTTAWA BANCORP, INC. APPOINTS MARK ALCOTT TO BOARD OF DIRECTORS

Retrieved on: 
Thursday, March 21, 2024
Exercise, Agreement, Shareholder, Bank, Sale, OSB, Community Bank, Share repurchase, Security (finance)

In the event Mr. Alcott is unable to serve as a director of the Company and Bank, the Company and Bank will appoint a replacement director chosen by the Stilwell Group.

Key Points: 
  • In the event Mr. Alcott is unable to serve as a director of the Company and Bank, the Company and Bank will appoint a replacement director chosen by the Stilwell Group.
  • Mr. Alcott has agreed to similar restrictions under the Agreement, but may acquire shares of Company common stock.
  • “We have been looking to add experienced members to serve on our Boards, particularly following several retirements from the Board.
  • The Stilwell Group had previously submitted a notice of intent to nominate Mr. Alcott to the Company’s Board.

North American OSB Market Anticipated to Reach US$19.92 billion by 2029 with Significant Growth in OSB/3 Grade Segments - ResearchAndMarkets.com

Retrieved on: 
Friday, March 22, 2024
Commercial Building & Real Estate, Construction & Property, Natural Resources, Other Manufacturing, Other Construction & Property, Manufacturing, Forest Products, Residential Building & Real Estate, Oriented strand board, Consumption, Urbanization, Growth, Construction, Application, COVID-19, Policy, Louisiana-Pacific, Housing, OSB, Production, Population growth, Engineered wood

North American Oriented Strand Board (OSB) market report reveals an expected increase in market value to US$19.92 billion by 2029, fueled by a strong forecasted CAGR of approximately 6% from 2024 through 2029.

Key Points: 
  • North American Oriented Strand Board (OSB) market report reveals an expected increase in market value to US$19.92 billion by 2029, fueled by a strong forecasted CAGR of approximately 6% from 2024 through 2029.
  • Grade: Among various grades, OSB/3 is singled out for its rapid growth, arising from its enhanced strength for structural applications.
  • The North American OSB market shows a high concentration with a handful of key players dominating nearly 80% of the market share.
  • As the industry moves forward, this report serves as an essential resource for understanding the complex interplay of factors that shape the OSB market landscape.

Doman Building Materials Reports 2023 Financial Results

Retrieved on: 
Thursday, March 7, 2024
OSB, TSX, Interest, Building material, Forestry, Depreciation

VANCOUVER, British Columbia, March 07, 2024 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. (“Doman” or “the Company”) (TSX:DBM) announced today its fourth quarter and full year 2023 financial results(1) for the period ended December 31, 2023.

Key Points: 
  • VANCOUVER, British Columbia, March 07, 2024 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. (“Doman” or “the Company”) (TSX:DBM) announced today its fourth quarter and full year 2023 financial results(1) for the period ended December 31, 2023.
  • The decrease was largely due to the impact of lower construction materials pricing, which resulted in lower average pricing for lumber, plywood and OSB during the current year.
  • The Company is pleased that while it experienced lower average pricing, this was partially offset by increased unit volumes during 2023.
  • The Company declared a total of $0.56 per share(3) in dividends in 2023, which was unchanged compared to 2022.

NeoGames Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, March 6, 2024
Growth, Table, Sale, Mergers and acquisitions, Development, Business analyst, North Carolina Education Lottery, Grand duchy, Partnership, OSB, Neogames, ASX, NPI, Aristocrat Leisure, Agreement, Acquisition, Georgia Lottery, ALL, Continuation, DraftKings, RSI, Bet365, Video game

LUXEMBOURG, March 06, 2024 (GLOBE NEWSWIRE) -- NeoGames S.A. (Nasdaq: NGMS) (“NeoGames” or the “Company”), a technology-driven provider of end-to-end iLottery and iGaming solutions, announced today financial results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • iLottery revenues were $14.4 million during the fourth quarter of 2023, compared to $14.5 million during the fourth quarter of 2022, representing a decrease of (0.4)% year-over-year.
  • In addition, the Company’s share in NPI revenues was $17.2 million during the fourth quarter of 2023, compared to $14.0 million during the fourth quarter of 2022, representing an increase of 22.9% year-over-year.
  • Adjusted net income1 was $1.7 million, or $0.05 per share, during the fourth quarter of 2023, compared to $7.3 million, or $0.22 per share, during the fourth quarter of 2022.
  • Adjusted EBITDA¹ was $18.2 million during the fourth quarter of 2023, compared to $18.1 million during the fourth quarter of 2022, representing an increase of 0.4% year-over-year.

OTTAWA BANCORP, INC. ANNOUNCES CASH DIVIDEND

Retrieved on: 
Thursday, February 22, 2024
OSB, OTCQX, Community Bank

Ottawa Bancorp, Inc. is the holding company for OSB Community Bank which provides various financial services to individual and corporate customers in the United States.

Key Points: 
  • Ottawa Bancorp, Inc. is the holding company for OSB Community Bank which provides various financial services to individual and corporate customers in the United States.
  • OSB Community Bank offers various deposit accounts, including checking, money market, regular savings, club savings, certificate, and various retirement accounts.
  • OSB Community Bank was founded in 1871 and is headquartered in Ottawa, Illinois.
  • For more information about Ottawa Bancorp, Inc and OSB Community Bank, please visit www.myosb.bank .

Introducing New Lightweight Structural Sheathing Products from Perma R Products

Retrieved on: 
Tuesday, February 20, 2024
OSB, Longevity, Building, Construction, SIB, Engineered wood

Grenada, MS, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Perma R Products is excited to announce the latest additions to our family of innovative building solutions - the Perma R Brace and Perma R Brace SIB.

Key Points: 
  • Grenada, MS, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Perma R Products is excited to announce the latest additions to our family of innovative building solutions - the Perma R Brace and Perma R Brace SIB.
  • At half the weight of your typical oriented strand board (OSB), the Perma R Brace and Perma R Brace SIB make installation a breeze.
  • "We are thrilled to introduce the Perma R Brace and Perma R Brace SIB to the market," said Tim LeClair, Vice President of Perma R Products.
  • For more information about the Perma R Brace and Perma R Brace SIB, please visit our website at www.permarproducts.com or contact your local sales rep. Perma R Products is a member of INDEVCO North America.

Ottawa Bancorp, Inc. Announces Fourth Quarter and Fiscal 2023 Results

Retrieved on: 
Thursday, February 15, 2024
Comparison, Total, Community Bank, Bank, CECL, Growth, Sale, OSB, ACL, FHLB, Current Expected Credit Losses, Result, Finance, Three Months, Environment, Face, Pressure, Cryptocurrency

OTTAWA, Ill., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (the “Company”) (OTCQX: OTTW), the holding company for OSB Community Bank (the “Bank”), announced net income of $0.2 million, or $0.08 per basic and diluted common share for the three months ended December 31, 2023, compared to net income of $0.5 million, or $0.22 per basic and diluted common share for the three months ended December 31, 2022. For the year ended December 31, 2023, the Company announced net income of $1.7 million, or $0.66 per basic and diluted common share, compared to net income of $2.5 million, or $0.96 per basic and diluted common share for the year ended December 31, 2022. The loan portfolio, net of allowance, increased to $312.2 million as of December 31, 2023 from $307.8 million as of December 31, 2022. Non-performing loans increased from $2.3 million at December 31, 2022 to $4.8 million at December 31, 2023, which caused the ratio of non-performing loans to gross loans to increase from 0.73% at December 31, 2022 to 1.52% at December 31, 2023.  

Key Points: 
  • The loan portfolio, net of allowance, increased to $312.2 million as of December 31, 2023 from $307.8 million as of December 31, 2022.
  • Net recoveries during the fourth quarter of 2023 were $17,298 compared to net charge offs of $566,036 during the fourth quarter of 2022.
  • Total deposits decreased $8.6 million, or 3.0%, to $281.1 million at December 31, 2023 from $289.7 million at December 31, 2022.
  • Stockholders’ equity increased $0.2 million, or 0.5% to $41.7 million at December 31, 2023 from $41.5 million at December 31, 2022.

LP Building Solutions Reports Fourth Quarter and Full Year 2023 Results, and Provides First Quarter and Full Year Outlook for 2024

Retrieved on: 
Wednesday, February 14, 2024
Architecture, Forest Products, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Natural Resources, Construction & Property, Retail, Building Systems, Landscape, Home Goods, Interior Design, LP, Constructible number, Forecasting, OSB, Capital expenditure, GAAP, Corporation, Fascia

For purposes of calculating the fourth quarter of 2024 and full year 2024 consolidated Adjusted EBITDA, LP South America Adjusted EBITDA fully offsets Corporate and Other Adjusted EBITDA.

Key Points: 
  • For purposes of calculating the fourth quarter of 2024 and full year 2024 consolidated Adjusted EBITDA, LP South America Adjusted EBITDA fully offsets Corporate and Other Adjusted EBITDA.
  • Net sales for the fourth quarter of 2023 decreased year-over-year by $47 million (or 7%) to $658 million.
  • The LP South America (LPSA) segment revenues increased year-over-year by $1 million and Other revenues decreased year-over-year by $10 million.
  • The Siding segment serves diverse end markets with a broad product offering, including LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding, and LP® Outdoor Building Solutions™ (collectively referred to as Siding Solutions).

Engineered Wood Market and Bonding Agents: Comprehensive Global Growth Opportunities Analysis Report 2023

Retrieved on: 
Thursday, February 8, 2024
MDI, EW, OSB, Growth, Building material, UF, MUF, LVL, CLT, Engineered wood

DUBLIN, Feb. 7, 2024 /PRNewswire/ -- The "Global Engineered Wood Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 7, 2024 /PRNewswire/ -- The "Global Engineered Wood Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
  • The report provides an in-depth analysis of market dynamics, revealing key insights into the growth and forecasted trends for various EW products, applications, and regions worldwide.
  • It equally scrutinizes bonding agents including MUF, phenolic resin, UF, and MDI resin to offer stakeholders a synthesized view of the market.
  • Bonding Agents: Insight is offered on the volume and technology advances within the bonding agent market, impacted by the growth of the EW industry and the ongoing efficiency enhancements.