Eagle Materials achieves 9% growth in Q3
Eagle Materials Inc. saw its numbers budge considerably in the third quarter, and mostly thanks to its Gypsum Wallboard and Paperboard segment.
Total revenues for the quarter jumped 9% to $302.4 million, with net earnings up 23% to $56.4 million. Eagle deemed both these metrics "record" figures.
Gypsum Wallboard and Paperboard revenues for the third quarter totaled $146.9 million, which were 12% greater than the same quarter a year ago. Cement revenues were up 2%, and Concrete and Aggregates jumped 29%. Oil and Gas Proppants was down 16%.
Another record, according to the company: net earnings per diluted share of $1.17, up 27%.
Additionally, third quarter cash flow from operations improved 18% and was used to fund capital improvements, pay dividends and reduce debt.
Eagle also purchased Cemex's Fairborn, Ohio cement plant and related assets in September, which had a purchase price of $400 million. Eagle expects that the acquisition will increase its U.S. annual cement capacity by approximately 20% to nearly 6 million tons. The transaction is expected to close in Eagle’s fiscal fourth quarter, but in Q3, Eagle incurred nearly $1 million of integration and related costs associated with the transaction.
Weyerhaeuser cites Eastern Parallam improvements
Weyerhaeuser upgraded the company's Trus Joist Eastern Parallam PSL beams and columns with a new exterior coating, the company said.
The patent-pending proprietary surface modification technology reduces the rate of moisture absorption during yarding and construction, and delays the effects of ultraviolet (UV) penetration.
"The new coating is uniformly sprayed on to both the narrow edge and wide face of Eastern Parallam PSL at our manufacturing facility and chemically modifies the outside wood surface of the beam or column," said Barry Viviano, engineered lumber products regional manager in New England with Weyerhaeuser. "The protective surface covering resists thickness swell from exposure to both moisture and UV conditions during construction. When combined with our existing end coating, this technology further improves the weatherability performance of the beams and columns."
The coating also provides "an improved appearance on the product,” he said.
Manufactured in Buckhannon, W.Va., Eastern Parallam PSL is available east of the Mississippi River, and is intended for interior use applications, such as open concept floor plans and great rooms.
After sanding the surface, the product can be stained, painted or finished to add long-term beauty to any project. Eastern Parallam PSL products include a limited product warranty for the life of a home.
Keeping up with kitchen and bath
At this year’s Kitchen & Bath Industry Show in Orlando, the National Kitchen & Bath Association presented the findings of its 2017 Kitchen & Bath Design Trends Report. The main verdict: More Americans are beginning to embrace contemporary design trends in these crucial areas of the home.
By definition, however, “contemporary” is a moving target. The 2012 motto of “when in doubt, paint it gray” may no longer hold true in 2017 — and in fact, Houzz is predicting that it’s already passé.
In an industry with an NKBA-estimated worth of $134 billion, with 10.2 million kitchens and 14.2 million bathrooms remodeled each year — which is to say nothing of the 1 million kitchens and 2.3 million bathrooms added through new home construction — understanding these definitions matters quite a bit.
Let’s get specific:
• Clean lines and minimalism will continue to dominate in this realm. The NKBA pointed to simple door styles in the kitchen, as well as scrapping overwrought moldings and trims. In the bathroom, floating vanities and open shelving is catching on.
• The “white and gray” trend is either going on strong or receding into the background, depending on who you ask. NKBA pointed to the strength of the trend in both the kitchen and bath, with blue painted and high-gloss cabinets catching on. However, Houzz noted that this “safe” color choice will be making way for bolder pops of color in the coming year. The NKBA acknowledged that two-toned kitchens are becoming a thing, as well as mixed materials and metals, particularly in cabinetry for the kitchen and stainless steel in the bathroom.
According to Bill Darcy, NKBA CEO, designers are “specifying mixed color palettes and mixing materials, especially for countertops.”
Houzz is actually placing bets on the emergence of jewel colors, like emerald green and sapphire blue.
• That might be a different story in the bathroom. The NKBA survey revealed white is trending up in fixtures.
• Will marble be the surface of choice in 2017? Houzz thinks marble will dominate countertops, flooring and tabletops this year, as well as serving platters and vases.
The NKBA said quartz is the most popular kitchen countertop material, according to its data, and its popularity is rising. The second most popular material, granite, is trending down.
In the bath, ceramic tile flooring is tops, though high-quality vinyl could also be a contender.
• Homeowners are moving away from bar carts and toward built-in shelving and bar seating, says Houzz.
• As for other comfort considerations, the NKBA made note of furniture-look pieces, rollouts, pullouts and under-cabinet lighting for kitchen cabinets. Meanwhile, comfort heights, smart toilets, shower music, radiant floor heating, shower seats and nothreshold showers are becoming bigger for the bathroom. Also in demand are power outlets located in drawers or vanity cabinets to hide wiring for blow dryers, shavers, and more.
• Tech is king. According to the NKBA, about one-third of NKBA professionals said they included wiring and pathways for future tech integration in the kitchen as smart appliances continue to proliferate in the marketplace. Distributed video and audio and wiring pathways for future integration are also trending up in the bathroom, but are not as popular.
• Here’s what’s not so cool heading into the new year: uncomfortable industrial furniture and cheesy quote art, according to Houzz, and whirlpool tubs, according to the NKBA. More than half of NKBA members said they eliminated a tub or whirlpool in a bathroom remodel over the course of the past year.