Demo Video: Post-it Extreme Notes
The outdoor fire escape area on the 19th floor of a New York City office building is the setting for this HBSDealer New Product Showcase video. The Post-it Extreme Notes, a 3M product, feature Dura-Hold paper and adhesive, which provide the durability and utility in outdoor conditions — for instance, the job site.
After another week and half, the note remains stuck to the brick. -- K.C.
Trex sales up 18% in Q1
Strong early buy season demand in a growing category lifts the deck and railing company.
Winchester, Va.-based Trex reported a consolidated net sales increase of 18% to $171 million in the first quarter of 2018. Net income jumped 33% to $37 million.
The company pointed to several factors for the positive sales momentum, including a strong early buy season for residential products, and improvement in Trex Commercial product performance.
“Excellent brand positioning in a growing category and strong early season demand underpin our confidence heading into 2018,” said James Cline, president and CEO of Trex. He added that the company is pleased with the “cross-product development and cross-selling opportunities that are emerging between our Residential and Commercial operations.”
Trex entered the commercial market in mid-2017 with the acquisition of the SC Company.
Trex expects net sales of $191 million in the second quarter — $174 million from residential, and $17 million from commercial.
The company also announced a 2-for-1 stock split
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HBSDealer Stock Watch: Monday’s ticker
|Hardware and building supply stocks generally finished higher in Monday’s trading. Top gainers were JELD, up 3.6%; BXC, up 2.3%; and DE, up 2.1%.|
|BLDR (Builders FS)||18.87||+1.56%|
|BMCH (BMC Stock)||17.75||-0.84%|
|CENT (Central Garden)||36.34||-0.71%|
|DE (Deere & Co.)||140.22||+2.13%|
|HD (Home Depot)||183.56||-1.47%|
|LL (Lumber Liquidators)||20.87||N.C.|
|SMG (Scotts Miracle-Gro)||81.44||-0.02%|
|TSCO (Tractor Supply)||66.81||-0.22%|
|UFPI (Universal Forest)||33.18||+1.65%|
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