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SC Railing is now Trex Commercial Products

BY HBSDealer Staff

SC Railing has been renamed and rebranded as Trex Commercial Products following its acquisition by Trex. 

According to a statement issued by Trex, the name change more closely aligns the subsidiary with its new corporate parent while establishing Trex as a major brand name in the commercial building arena.

“SC Railing has earned a reputation as the ‘go-to’ railing supplier for commercial architects and specifiers,” said James Cline, president and CEO of Trex Company. “From stadiums and large public works to universities and hospitals, SC Railing has been involved with many of the largest and most recognized commercial building projects in the country. We look forward to carrying on that legacy and to serving an even wider audience with Trex Commercial Products.”

Trex finalized its acquisition of SC Railing Company, based in Minneapolis, Minn., this past August. The company specializes in architectural railings for commercial applications, including the engineering and marketing of railing systems, aluminum systems, and custom railing solutions.

Cline noted that the company name is the only thing that is changing. Trex Commercial Products will operate out of the existing SC Company facilities in Brooklyn Park, Minn. and Fort Mill, S.C., and will continue to be managed by the same leadership team and sales network.

“All of the things that have made SC Railing a supplier of choice – our people, our products and our commitment to customer service – will remain unchanged,” said John Lewis, CEO of SC Company and now President and CEO of Trex Commercial Products. “If anything, these assets will become even stronger thanks to the tremendous resources now at our disposal as part of the Trex family.”

Based in Winchester, Va., Trex is a category leader in the composite decking and outdoor living products markets. 

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HBSDealer Stock Watch: Monday’s market blues

BY HBSDealer Staff

Despite gains from HD and LOW, the majority of hardware and building supply stocks declined on Monday. Red numbers included CENT, down 2.8%; TREX, down 2.9%; and USG, down 2.4%.

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Commercial contractor optimism remains solid

BY HBSDealer Staff

Confidence in the commercial construction industry appears to be strong, despite concerns about jobsite efficiency and labor productivity.

According to the Q4 2017 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index, optimism remains high in the commercial construction industry with 57% percent of contractors expecting to hire in the next 6 months and a large majority reporting stable or increased revenue expectations in the next year. The Q4 composite score is 74, up one point from Q3.

However, nearly 90% of contractors do not consider jobsites to be very efficient while 45% of contractors identified labor productivity as the key to achieving jobsite efficiency, followed by jobsite logistics, and project management, according to the index released today. About 45% contractors reported the use of prefabricated building components to be the top means of improving labor productivity.

“Commercial contractors remain optimistic about the industry outlook, although labor productivity and costs are hindering jobsite efficiency,” said Jennifer Scanlon, president and CEO of USG Corporation. “There is an urgent need for innovations in building materials and workforce development programs.”

More than 50% of contractors expect to hire workers in the next six months, yet concerns about the cost of skilled labor and the adequacy of worker skills have remained steady throughout all four quarters of 2017. The report reviled that 42% of contractors predict finding skilled workers will worsen in the next 6 months, and 92 percent note they are at least moderately concerned about the skill level of the workforce, with heightened demand particularly in the plaster and drywall trades.

“The commercial construction industry is essential to the U.S. economy – when America is building or re-building, America is growing. It’s great news that the majority of these companies are ready to hire,” said Thomas Donohue, president and CEO of the U.S. Chamber. “As worker shortages persist across industries, sectors like commercial construction will have to find solutions through new innovations, technology, and training to continue growing and moving the broader U.S. economy forward.”

The Index looks at the results of three leading indicators to gauge confidence in the commercial construction industry – backlog levels, new business opportunities and revenue forecasts – generating a composite index on a scale of 0 to 100 that serves as an indicator of health for the contractor segment on a quarterly basis. The Q4 2017 composite score was 74, up one point

from Q3, representing a consistent sentiment of health in the sector.

On average, contractors currently hold 9.4 months of backlog, relatively close to the average ideal amount of 12.5 months, continuing the stability of the market, although there is still room for growth. Down two points from Q3, this represents 75% of their ideal backlog levels.

Nearly all, or 99%, of contractors report high or moderate confidence in the demand for commercial construction while 34% believe the market will continue to provide strong opportunities for the next 24 months.

About 47% of contractors expect to see an increase in revenue in the next year. The percentage has increased over the last two quarters from 41% in Q3 and 40% in Q2.

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