November 3, 2014

CatchMark Timber Trust has purchased the Beauregard properties, approximately 21,300 acres of timberlands in Southwest Louisiana, from Hancock Natural Resource Group.

The transaction, which came at a price tag of $38.5 million, officially closed Oct. 30.

It includes about 947,000 tons of merchantable timber inventory, the addition of about 90,000 to 100,000 tons per year to CatchMark's harvest volumes, and a diversified product mix composed of 76% convertible pine upland acres and 65% sawtimber by tons.

October 31, 2014

Weyerhaeuser reported net sales of $1.92 billion in the third quarter, up 3% from last year's sales of $1.86 billion. The company fared considerably better in terms of its bottom line. Net earnings of $1.15 billion compared year-over-year to earnings of just $157 million in 2013.

Much of this gain can be attributed to the completed divestment of the Weyerhaeuser Real Estate Company, which brought $966 million to its coffers.

October 16, 2014

Universal Forest Products had a fairly solid growth quarter in the third quarter, with sizeable gains in both earnings and sales.

Net sales were up in all three of its markets to a total of $713.5 million, up 9.5% over last year's third quarter.

Net earnings were up 36.5% to $20.5 million for the three-month period.

August 21, 2014

Among the decisions facing Sears Holdings is what to do with its 51% stake of Sears Canada.

Rob Schriesheim, Sears Holdings' chief financial officer, addressed that question and others as part of the company's second-quarter earnings report.

May 28, 2014

Rayonier has officially made the planned split of its Performance Fibers business unit, which is heretoforth to be known as Rayonier Advanced Materials.

April 7, 2014

After announcing its plans last December to do away with yet another one of its assets, Sears Holdings officially completed its spinoff of the Lands' End unit on Friday. 

As according to plan, Lands' End began trading as a separate company Monday (stock ticker symbol LE), with about 32 million shares to its name. Those holding Sears shares as of March 24, 2014 received about .3 shares of common Lands' End stock per Sears share.

March 13, 2014

Williams-Sonoma reported net revenues increased to $1.5 billion in the fourth quarter ended Feb. 2 from $1.4 billion in the prior-year quarter. This year’s fourth quarter had just 13 weeks compared with last year’s fourth quarter, which had 14; excluding the additional week in the prior-year quarter, net revenues grew 10%.

Net earnings totaled $133.8 million, up from $133.7 million in the prior-year fourth quarter.

February 23, 2014

Atlanta – An information-packed general session here at the True Value Reunion included up-close interviews with a new slate of senior executives and an update on the co-op’s long-running strategic planning effort.

And there was also a little comedy on the stage, as actors impersonated shoppers experiencing BBTSD, or “big box traumatic stress disorder.”

January 31, 2014

Federal Way, Wash.-based Weyerhaeuser posted net earnings of $540 million for the full year 2013, up from $385 million in 2012. 

Net sales for the year were $8.5 billion, up from $7.1 billion in 2012.

The company noted that in 2013 it doubled earnings before special items, increased its per share dividend by nearly 30% and announced a deal to combine its real estate operation with TRI Pointe Homes. It also acquired about 645,000 acres of timberlands in the Pacific Northwest through the purchase of Longview Timber.

July 29, 2013

For the second time this year, Caterpillar Inc. is initiating a $1 billion accelerated stock repurchase program, this time with Societe Generale.

The construction equipment giant is set to repurchase $1 billion of its common stock, with an immediate delivery of about 11 million shares based on current market prices.

April 26, 2013

Braced by strong sales of wood products, the Federal Way, Wash.-based company reported a sales increase of 33%.

April 8, 2013

The co-op structure presents to the hardware industry one of the most interesting financial instruments in all of accounting: the end-of-year rebate.

San Antonio-based Alamo Lumber is a small regional lumberyard company serving 14 south Texas markets with a mix of building supplies and hardware store merchandise.

January 25, 2013

Federal Way, Wash.-based Weyerhaeuser reported net earnings of $385 million for the full year 2012, compared with net earnings of $331 million for the full year 2011.

October 12, 2012

Sears Holdings has successfully separated out its Sears Hometown and Outlet Stores businesses.

June 1, 2012

Facebook’s billions An item that compared the market capitalization of Facebook and The Home Depot led to several letters:

“The value of Facebook is staggering, given they don’t produce a single product except to waste employees’ attention to what they are being paid to do.

“I for one am not of the opinion that the stock will ever turn a dividend to any stockholder unless you own millions of free shares.

April 12, 2012

The Board of Directors of Federal Way, Wash.-based Weyerhaeuser Co. declared a dividend of $0.15 per share on the common stock of the corporation payable June 1, 2012, to shareholders of record at the close of business May 11, 2012.

Weyerhaeuser, one of the world's largest forest products companies, began operations in 1900. The company grows and harvest trees, builds homes and makes a range of forest products. At the end of 2011, the company generated annual sales of $6.2 billion and employed approximately 12,800 employees in 11 countries. 


January 4, 2012

Flooring and ceiling products manufacturer Armstrong World Industries announced this morning the completion of a refinancing and a special dividend payment  by WAVE, its 50% joint venture with Worthington Industries.

Under the deal, WAVE executed a $225 million three-year revolving credit agreement and a $50 million ten-year private placement bond. Proceeds of the transaction were used to repay WAVE's previous credit agreement, as well as to pay $50 million special dividends to each of WAVE's parent companies, Armstrong and Worthington.

December 14, 2011

San Diego-based WD-40 Co. declared a 7% increase of its regular quarterly dividend to $.29 per share, payable Jan. 31, 2012.

The announcement came its annual meeting Dec. 13. The board of directors also authorized an open-ended buyback of shared up to $50.0 million over the next two years. IN addition to WD-40, the company's brands include 3-in-one, Blue Works, X-14, Carpet Fresh and Spot Shot.

November 15, 2011

Stormy weather around the country had something to do with Home Depot's third-quarter sales gain of 2.9%. So did strength in core categories.

The world's largest home improvement retailer posted a 4.2% comp-store sales gain for the quarter ended Oct. 30. Total sales increased 2.9% to $17.326 billion. And even bigger growth came in the net earnings column, where Home Depot reported a 13.0% increase and net earnings of $934 million.

November 15, 2011

Stormy weather around the country had something to do with Home Depot's third-quarter sales gain of 2.9%. So did strength in core categories.

The world's largest home improvement retailer posted a 4.2% comp-store sales gain for the quarter ended Oct. 30. Total sales increased 2.9% to $17.326 billion. And even bigger growth came in the net earnings column, where Home Depot reported a 13.0% increase and net earnings of $934 million.

September 11, 2011

Masco Corp. announced that its board of directors declared a quarterly dividend of $.075 per common share, payable on Nov. 7, 2011, to shareholders of record on Oct. 7, 2011.

Headquartered in Taylor, Michigan, Masco Corp. is a leading manufacturer of home improvement and building products -- including Arrow, Delta, Behr and KraftMaid -- as well as a leading provider of services that include the installation of insulation and other building products.

August 31, 2011

True Value CEO Lyle Heidemann offered some friendly advice to a reporter recently. “Bring your camera to Philadelphia this year,” he said. 

Philadelphia is the site of the Chicago-based co-op’s Fall Market, Sept. 23 to 25. Here, True Value will be displaying its Destination True Value store design and format for smaller stores. In the Philadelphia and nearby East Coast markets, the co-op is expecting strong attendance from dealers with smaller-than-average footprints. 

August 23, 2011

Lowe’s board of directors has authorized the repurchase of up to $5 billion of the company's common stock, along with a quarterly cash dividend of cents ($0.14) per share, payable Nov. 2, 2011, to shareholders of record as of Oct. 19, 2011.

August 8, 2011

The challenges from unfriendly weather hit Scotts Miracle-Gro hard in the quarter ended July 2, as sales declined 10% to $1.06 billion.

The decline was driven primarily by poor weather across most of the United States throughout the duration of the lawn and garden season, as well as a more competitive promotional landscape and changes in certain retailer strategies within the mass merchandise channel, the Marysville, Ohio-based company said.