Posts Tagged ‘ second quarter ’

As Remodeling Wanes Home Building Is Expected to Pick Up

Dec 13th, 2023

Experts say the housing recession that dogged new home production from the second quarter of 2020 through the end of 2022 is over. But the scars of higher home prices and mortgage rates have left millennials with a bad taste in their mouth. That’s according to a survey conducted by Redfin Corp., a Seattle-based residential […]

Masonite’s Q2 Net Sales Decline; Sees ‘Great’ Future Potential

Aug 17th, 2023

Masonite International Corp. reports that net sales declined by 3% year-over-year in the second quarter of 2023 (2Q23). Masonite CFO and executive vice president Russell Tiejema says the decline was expected, as resiliency in the market for new housing was offset by a weaker demand for repairs and remodels. Financial data indicates that the Tampa-based […]

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, […]

JELD-WEN Reports Eighth Consecutive Quarter of Core Revenue Growth

Aug 2nd, 2022

JELD-WEN Holding announced its eighth consecutive quarter of core revenue growth, reporting an 11% increase paired with a net revenue increase of 6.8%, for the period ending June 25. CEO Gary S. Michel says cost inflation and softening retail demand impacted profitability in the second quarter, and that the company must “execute better and consistently […]

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% […]

Quanex Building Products Reports Record Quarter in FY22

Jun 6th, 2022

Despite inflation and supply chain challenges, Quanex Building Products Corp. saw a record second quarter. George Wilson, president and CEO, said the company had noticeable revenue growth and improved profitability. “Demand for our products was better than expected during the second quarter, and we started to see the benefit of our pass-through pricing strategy,” said […]

Record Results for Builders FirstSource in Second Quarter 2021

Aug 10th, 2021

Builders FirstSource Inc. reported its results for the second quarter and six months ended June 30, 2021, all year-over-year comparisons unless otherwise noted, and the company clocked net sales of $5.6 billion for the quarter that increased 186.6%. Builders FirstSource credits this increase on the merger with BMC, commodity inflation, and strong organic growth, which […]

NAHB Reports Lack of Supply, Higher Prices Led to 18-Month Low of Housing Affordability

Aug 7th, 2020

The National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released this week shows that low interest rates were not enough to counter the double whammy of a supply shortage and rising home prices, which together contributed to a decline in housing affordability in the second quarter of 2020. In all, 59.6% of […]