Glass brings new look to Overhead Door
Those who live in glass houses should not throw stones. So goes the old saying. No such saying exists for garages. Not yet, anyway.
Overhead Door’s new garage door line is called Envy, and its described by the manufacturer as a “lustrous full-view, all-glass door that boasts a sleek frameless exterior for an ultra-modern look.”
Available for commercial and residential applications, the door is made of quarter-inch tempered glass attached to a hidden aluminum frame.
The Envy product line is available in five finishes, including Mirrored Gray, Mirrored Bronze, Translucent Black, Opaque White and Opaque Black. The doors are custom made for openings up to 18’2” wide and 14’1” tall.
The company says a flexible vinyl bottom seal helps prevent glass breakage while providing a weather barrier against dirt and other elements.
“Regardless of how you use it, Envy is certain to turn heads,” said Russ Lowe, product manager at Overhead Door.
HBSDealer Stock Watch: A Wednesday for the Bears
Most of the home improvement and building stocks stepped backwards on Wednesday, with a handful of exceptions. EXP sank 5.13%. SHLD dropped 3. 3.84%. And TREX was down 3.69%. Leading the gainers was SHW, up 2.62%.
Tractor Supply posts Q3 gains
Pointing to well-stocked shelves, an extended summer and storm-preparation sales, Brentwood, Tenn.-based Tractor Supply Co. posted a double-digit increase in third quarter sales.
Tractor Supply’s sales were $1.72 billion, up 11.6% from $1.54 billion in the same quarter last year. Comp-store sales increased 6.6% — a much better showing from the prior year’s third quarter when comps slippled 0.6%.
“We delivered a strong third quarter with sales growth in all of our major product categories and geographic regions, as well as positive same store sales in both traffic and ticket,” said CEO Greg Sandfort. “Our teams took the necessary steps to ensure we were well-stocked with the right products and inventory levels to meet the needs of our customers during the extended summer selling season and storm events.”
Net income increased 2.7% to $91.9 million from $89.4 million and diluted earnings per share increased 7.5% to $0.72 from $0.67 in the third quarter of the prior year.
The company opened 36 new Tractor Supply stores and closed one store, a Del’s store, in the third quarter of 2017.
At the end of the quarter, there 1,665 Tractor Supply stores and 162 Petsense stores doing business in the U.S.