TW Perry wins ‘Exceptional Business’ award
Pro dealer TW Perry was ranked in 9th place among the “Top 53 Businesses and Organizations in the State of Maryland” by The Gazette of Politics and Business. The publication honors businesses and organizations based on criteria that included the recipient company’s noteworthy product or service innovations, community service efforts, and how the companies portrayed themselves as good places to work.
TW Perry was recognized for its exceptional stability and growth, as well as its support of community service programs. Since ranking 16th in 2010, the company has grown from 280 to 320 employees. In the spring of 2012, TW Perry opened an upscale Design Center in Gaithersburg, Md., and acquired Crown Stairs, an established and respected company based in Gaithersburg.
Named the 2011 Pro Dealer of the Year by Home Channel News, TW Perry supports Rebuilding Together, Yellow Ribbon Fund, local youth groups and schools; and helping out on national programs, such as the Breast Cancer Foundation.
LP swings to profit
Louisiana-Pacific Corp. reported third-quarter sales of $467.8 million, a 33.4% increase over sales of $350.6 million in the same quarter a year ago.
Net income for the quarter, which ended Sept. 30, was $31.3 million, compared with a net loss of $65.6 million a year ago.
“LP is very pleased to report significantly better results as we were able to take advantage of an improving housing market in the quarter,” CEO Curt Stevens said. “With the increasingly favorable news in housing trends, we are optimistic that the market will continue to steadily recover.”
The company’s oriented strand board (OSB) segment currently operates seven facilities and has indefinitely curtailed three other facilities due to market conditions. The OSB segment reported net sales for the third quarter of 2012 of $227 million, an increase from $139 million of net sales in the third quarter of 2011. For the third quarter of 2012, the OSB segment reported operating income of $49 million compared with a loss of $16 million in the third quarter of 2011.
LP’s siding segment, used in new construction as well as in the repair and remodeling markets, reported net sales of $134 million in the third quarter of 2012, a 20% increase from sales of $112 million in the year-ago third quarter. For the third quarter of 2012, the siding segment reported operating income of $20 million compared with $12 million in the year-ago quarter.
Third-quarter sales in the engineered wood products (EWP) segment totaled $61.5 million, a 12% increase from net sales of $54.9 million a year ago. Operating losses were $3 million for both the third quarter of 2012 and 2011.
In his outlook for the months ahead, CEO Stevens said: “While housing signs look very favorable, we are certainly cognizant of potential headwinds, including a slowing global economy, an uncertain political and fiscal environment and slow job creation. Our plan is to do what is necessary to be ready to satisfy increasing demand for our products, which emerges within this broader context and respond accordingly.”
Weyerhaeuser expands manufacturing at Louisiana mill
Weyerhaeuser has added the capability to manufacture specialty oriented strand board (OSB) using high-performance MDI adhesives at its OSB plant in Arcadia, La. The mill can now produce Weyerhaeuser Edge Gold floor panels, a subfloor product designed to resist edge swell for smooth, even floors. The MDI capabilities also enable potential production of furniture grade OSB and rimboard.
"Converting to MDI allows Arcadia to produce higher quality OSB and gives us the ability to respond to customer needs by providing a wider variety of products not previously available close to southern U.S. markets," said Curtis Rhodes, Arcadia plant manager for Weyerhaeuser. "Plus, the curing properties of MDI allow the press to run faster, which increases our throughput."
Weyerhaeuser Edge Gold floor panels are engineered to help builders construct flat and stable floors in homes, multi-family projects and light commercial construction. In 2012, Weyerhaeuser also started adding patented Down Pore self-draining technology to the panels to drain water off during construction.