Posts Tagged ‘ increase ’

Builder Confidence Continues to Climb in Face of Concerns Over Rising Rates

Jul 24th, 2023

The National Association of Homebuilders (NAHB) credits demand for new homes, thanks to low existing inventory, for the increase in builder confidence in the month of July. The increase comes even as mortgage rates rise, construction costs remain elevated and limited lot availability haunts the industry. The NAHB/Wells Fargo Housing Market Index (HMI) shows builder […]

PGTI Reports “Strong” First Quarter 2023 Results

May 15th, 2023

PGT Innovations Inc. (PGTI) has announced first-quarter financial results for the period ended April 1, 2023. Among those results are net sales, which are reported to have totaled $377 million, an increase of 5% over the same time frame last year. The company’s net income reportedly was $34 million, an increase of 44% over last […]

Jeld-Wen, Masonite Report Third Quarter Increases

Nov 8th, 2022

Third-quarter financial reports are rolling in and at least two major players in the door and window manufacturing industry are reporting similar, steady increases over last year’s third quarter. Jeld-Wen Holdings closed its third quarter on September 24 and dropped the report on Halloween. The company reports a 13% increase in net revenue, resulting in […]

Masonite to ‘Closely Monitor’ North American Residential Market After Q2 Results

Aug 9th, 2022

Masonite International Corporation reports a 15% increase in year-over-year net sales, from $662 million to $762 million, for the second quarter of 2022. With net income for the quarter recorded at $59 million, an increase of 67% from this time last year, president and CEO Howard Heckes called his company’s performance “solid.” According to Masonite, […]

Fortune Brands, PGT Cite Increases in Second Quarter Including Organic Growth

Jul 29th, 2022

With the second quarter closing this week, financial results from across the industry are making headlines. That includes earnings reports from Fortune Brands and PGT Innovations Inc., both of which announced “strong” performances from April through June 2022. For the second quarter of 2022, Fortune Brands reported sales of $2.1 billion, an increase of 9% […]

Masonite Reports “Exceptional Start” to 2022

May 10th, 2022

Last week, Masonite International Corporation announced results for the three months ended April 3, 2022. The company reports that its net sales were up 12% year over year, from $646 million in the first quarter of 2021 to $726 million. The increase resulted from a 15% increase in average unit price (AUP), partially offset by […]

Jeld-Wen Experiences Revenue Growth, Impacts of Inflation

May 3rd, 2022

Jeld-Wen reports seven consecutive quarters of core revenue growth along with a 7.2% increase in net revenue from the same time last year. However, the company noted in its first-quarter results for 2022 a $26 million decrease in net income from one year prior, primarily resulting from inflation. Net revenue increased by 7.2% to $1,171.0 […]

NAHB Chairman Calls for Ending Lumber Tariffs, Boosting Output at White House Event

Mar 22nd, 2022

National Association of Homebuilders chairman Jerry Konter urged the Biden administration to increase domestic production of timber from federal lands and to work with Canada on a new softwood lumber agreement that will eliminate tariffs during a virtual White House listening session last week on resolving the lumber and building material supply chain crisis. “Historically […]

Glass Manufacturer Records Significant Increase in Revenues

Nov 29th, 2021

NSG Group, parent company to Pilkington, saw a 25% increase in architectural glass revenues in the most recent quarter compared to the same period last year, according to its latest financial report. NSG reports sales in this segment totaled $544 million in its second-quarter fiscal year 2022, which represents the months of July-September 2021. The […]

PPI: Prices Climb in October

Nov 12th, 2021

The latest Producer Price Index (PPI) from the U.S. Bureau of Labor Statistics (BLS) dropped this week and it shows prices for materials used in door and window manufacturing continued to increase across the board, not only from September to October 2021, but on a year-over-year basis as well. In October, the monthly PPI for […]