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Owens Corning reports mixed results

BY HBSDEALER Staff

Building products manufacturer Owens Corning reported net sales of $1.35 billion for the first quarter of 2012, a 9% rise over sales of $1.24 billion during the same quarter a year ago. The company reported a net loss of $46 million for the quarter, which ended March 31, 2012, compared with net earnings of $24 million in the first quarter of 2011.

"Owens Corning delivered results in line with our expectations for the quarter," said chairman and CEO Mike Thaman. "We continue to be confident that we will grow adjusted EBIT in 2012.

"As compared to last year, roofing volumes grew significantly, but margins were compressed due to asphalt cost inflation," Thaman said. "We expect another year of strong financial performance in roofing based on our current outlook for volumes and pricing."

The company continues to believe Insulation will significantly narrow losses in 2012 on improved U.S. housing, according to its outlook. 

 

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Drain product employs Grip-n-Rip approach

BY HBSDEALER Staff

Houston-based PF WaterWorks introduced the DrainEASY No Clog Bathtub Drain Replacement Stopper to eliminate trapping of hair and build-up of clogs in the bathtub drains.

The DrainEASY product eliminates slow and clogged bathtub drains with patented Grip-n-Rip clog prevention technology. DrainEASY Stopper replaces the standard bathtub drain stopper with a unique design that captures and rips the hair that would normally go down a drain and cause a clog. This reduces the possibility of long hairs collecting in the trap and other places. DrainEASY Stopper operates by a simple push of the hand or foot, and require no outside power source.

As a result, the possibility of hair build-up down the line is reduced and ripped hairs easily flow through the drain eliminating the need for additional maintenance with plumbing snakes, dangerous drain cleaners, messy disassembly and associated health, safety and environmental concerns.

This new ‘Green by Design’ plumbing fixture provides a common sense tool to reduce the time, effort and money needed for property maintenance. By eliminating the need for heavy, ecologically unfriendly chemicals and acids, the fixture helps add value to green building projects. 

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C.Bravo says:
Apr-30-2012 11:22 am

Previously we have witnessed
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NPD: Most shoppers say price has to be right before they shop

BY HBSDEALER Staff

Price trumps sales and special deals, customer service and convenience as a factor in deciding where to shop for the majority of U.S. consumers, according to a survey by The NPD Group.

NPD’s The Economy Tracker, a monthly monitor of consumer sentiment about the economy and spending, found that in the most recent survey, 85% of U.S. consumers said that price will be an extremely important/important factor in deciding where to shop in the near future, 10% more than those who feel sales and special deals are extremely important/important.

By income, 87% of those in the household income bracket of $25,000 to $50,000 selected price as extremely important/important, 85% in the $50,000 to $100,000 income bracket, and 82% in the $100,000-plus bracket.

Seventy-nine percent of young adults, 18 to 34, 86% of 35- to 44-year-olds, 88% of 45- to 54-year-olds, 89% of 55- to 64-year-olds and 86% of 65 and older said that price was extremely important/important.

“Shoppers are now savvier when spending money. They have new ways of gauging the marketplace — they can compare prices on the Web while at home or while standing in a brick-and-mortar store with their smartphones,” said John Deputato, senior VP advanced analytics at NPD. “We certainly have moved to a time of calculated consumption for shoppers …  and price has come to the forefront of the purchase decision.”

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May-21-2012 05:49 am

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May-19-2012 04:29 am

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May-17-2012 10:12 am

The NPD Group, Inc. (formerly
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