Ridgid introduces a new pipe beveller
New from Ridgid is the B-500 Transportable Pipe Beveller, which promises speedy effectiveness in the form of a non-traditional beveling method.
The B-500 does its job in less than two minutes, and it does so without flames or sparks.
“The B-500 has distinct advantages over other beveling methods,” said Larry Feskanich, global marketing manager at Ridgid. “Speed and accuracy are really what sets it apart. Customers are impressed with the quality it produces in just one quick pass.”
The compact unit mounts to pipes as small as 4" in diameter with a maximum 1/2" wall thickness, as well as on flat plates up to 1/2" thick.
The beveller cuts at 30 degrees, 37.5 degrees or 45 degrees using interchangeable heads.
It also has a speed monitoring feature that helps ensure a consistent finish.
Shannon Weyenberg named COO of Design House
Design House, a supplier of fixtures, decorative hardware and lawn and garden decor, has promoted within its ranks.
Shannon Weyenberg has been appointed to the role of COO, which will have her overseeing global operations, sales and marketing, supply chain and fulfillment for the company.
Weyenberg has been with DHI Corp., Design House's parent company, for over 7 years.
In that time, she's held various positions such as human resources manager, as well as her most recent role as VP operations.
“As our growing business inherently takes on added complexity, we are transitioning from an owner-operated business to a more professionally-managed enterprise," said DHI president and CEO Todd Witte. "Shannon has filled various roles in the company and has the leadership ability and business acumen to achieve our goals and to take the company to the next level.”
“I am optimistic in our future as we establish ourselves in new markets and continue to build our infrastructure and capabilities," said Weyenberg. "It’s an honor to lead this talented team.”
Sales are up, but loss widens for Masonite
Masonite International Corporation had steady progress to report on the sales front, but the company's loss widened during the fourth quarter and fiscal year ended Dec. 28.
Net sales for the quarter were up 6.8% to $448.9 million — or up 9.7% to $461.1 million, discounting the impact of foreign exchange rates.
For the full year, sales came in at $1.8 billion, up 6.2% (minus the impact of foreign exchange, that number would have been 7.5%).
Gross profit was up in the double-digits, rising 17.7% for the year to $265.4 million.
However, net loss increased $8.8 million to $16.4 million for the quarter — and $26.3 million to $37.3 million for the year.
Prresident and CEO Fred Lynch found reason for optimism.
“Profitable growth accelerated during 2014, despite considerable foreign exchange headwinds, as our pricing actions in the North American residential business and the strategic acquisition of Door-Stop in the U.K. drove Adjusted EBITDA growth of nearly 30%,” he said. “Looking forward, we continue to invest in new, innovative products and electronic enablement tools to enhance the customer experience throughout the entire value chain which, when combined with our expectation for modest unit volume growth and steady improvements in average unit prices, should help us grow Adjusted EBITDA by a similar percentage in 2015.”