Masco swings to profit in third quarter
Taylor, Mich.-based Masco Corp. reported third-quarter sales of $2 billion, up 3% from the same quarter last year. Masco’s net income was $36 million for the quarter, compared with a net loss of $5 million in the third quarter of 2010.
CEO Tim Wadhams said the top line was lifted by "strong sales of plumbing-related products driven by share gains of our Hansgrohe and Delta brands, share gains in our Installation segment and foreign currency translation."
Growth for the home products manufacturer came despite near-record lows in residential construction and the general deferral of big-ticket items for the home, Wadhams said. The company expects housing starts will finish the year at about the same level as 2010, when the Commerce Department’s tally was 585,000.
"Longer-term, however, we are confident about the fundamentals for the new-home construction and home improvement markets, and we are optimistic about the future," Wadhams said.
Green-building webinar invites Dummies, and others
Eric Corey Freed, author of "Green Building & Remodeling for Dummies," will kickoff the GreenExpo365.com November virtual "Live Event" with an interactive webinar, Nov. 1, 8:30 a.m. Pacific/11:30 a.m. Eastern.
During the live session, "How Fake Buildings Are Destroying Our Future," Freed will examine the current layout of our car-centric built environment through the lens of sustainability and share his thoughts on ways to transform urban sprawl into sustainable neighborhoods. Participants can attend additional live webinars and view the latest green building products in a virtual tradeshow format.
Registration is free and can be completed at GreenExpo365.com
There’s a new state champion for energy efficiency
Massachusetts has replaced California at the top of the Energy Scorecard Top 10, which measures the states’ efforts to plan and implement efficient energy policies.
According to the American Council for an Energy-Efficient Economy (ACEEE), which maintains and publishes the list, the six most improved states are Michigan, Illinois, Nebraska, Alabama, Maryland and Tennessee.
The Scorecard ranks the states based on metrics that capture best practices and recognize leadership in energy-efficiency policy and program implementation, according to the ACEEE.
“Energy efficiency is America’s abundant, untapped energy resource, and the states continue to press forward to reap its economic and environmental benefits,” said ACEEE executive director Steven Nadel. “The message here is that energy efficiency is a pragmatic, bipartisan solution that political leaders from both sides of the aisle can support.
Rounding out the top 10 behind Massachusetts and California are New York, Oregon, Vermont, Washington, Rhode Island, Minnesota, Connecticut and Maryland.
The Scorecard also identified states most in need of improvement: North Dakota, Wyoming, Mississippi, Kansas, Oklahoma, South Carolina, West Virginia, Missouri, Alabama and South Dakota.