Four publicly traded door and window companies released financial results last week, showing mostly solid fourth-quarter and year-end results. Despite a housing market that slumped throughout 2022, net sales were up for Masonite and PGT Innovations in the fourth quarter. Meanwhile, reports from Fortune Brands Innovations (including Therma-Tru, Larson and Master Lock) weren’t as strong, […]

Take advantage of Section 179. The 2022 Section 179 deduction is $1,080,000 (that’s one million, eighty thousand dollars). That’s a full 30k increase from last year. This means your company can buy/lease/finance new or used equipment and write off the full cumulative purchase price on your 2022 taxes. This can result in big tax savings, […]

Builders FirstSource, Inc. has reported its results for the fourth quarter and full year ended December 31, 2021. The company reports net sales of $4.6 billion for the quarter, an increase of 83.1% compared to a year previous, and a gross profit of $1.5 billion showed an increase of 122%. Builders FirstSource says those numbers […]

Huttig Building Products Inc., a domestic distributor of millwork, building materials and wood products, has reported financial results for the fourth quarter and year ended December 31, 2021. In the fourth quarter of 2021, the company’s net sales were $230.4 million, which were $45.8 million, or 24.8%, higher than the fourth quarter of 2020. The […]

PGT Innovations Inc. recently announced financial results for its fourth quarter and year ended January 1, 2022, which again included sales increases. “We achieved fourth quarter net sales of $304 million, a 37 percent increase, including organic growth of 17 percent,” said Jeff Jackson, president and CEO. “Our fourth quarter performance was driven by actions […]

Quanex Building Products Corporation reported record revenue growth and earnings for the year, despite continued supply chain challenges and inflation, said George Wilson, president and CEO. “Demand for the products we manufacture remained strong throughout our fiscal year and that continues today,” he added. “Our liquidity position has improved meaningfully over the past year, and […]

Huttig Building Products Inc., a domestic distributor of millwork, building materials and wood products, has released financial results for the fourth quarter and year ended December 31, 2020. “The momentum we generated through the third quarter of 2020 continued and contributed to our solid fourth quarter results,” said Jon Vrabely, president and CEO of Huttig. […]

The fourth quarter and full year ending December 31, 2020 financial reports look good for Builders FirstSource Inc., with net sales of $2.5 billion for the last three months of 2020, a 43.5% increase over the fourth quarter of 2019. Those numbers do not include the company’s transformational merger with BMC Stock Holdings (BMC) in […]

The news was good for Jeld-Wen in the fourth quarter, and the full year for 2020, according to the company’s latest financial results announced this week. Net revenue increased by 7.7% to $1,151.3 million for the fourth quarter, driven primarily by a 5% increase in core revenue. And although net revenue decreased 1.3% for the full […]

Huttig Building Products, Inc., distributor of millwork, building materials and wood products, reported financial results for the fourth quarter and year ended December 31, 2019. Net sales from continuing operations were $180.4 million in the fourth quarter of 2019, a decrease of $15.8 million, or approximately 8.1 percent, compared to $196.2 million in the fourth […]