Wolf Steel recalls Napoleon Propane Gas Fireplaces
Ontario, Canada-based Wolf Steel is recalling several of its Napolean-model propane gas fireplaces, citing a laceration hazard.
According to the Consumer Product Safety Commission, the glass front has displayed a tendency to break due to the pressure from the propane gas igniting.
There has been one reported incident so far in Canada, in which a customer had to seek medical attention after getting cuts to the face and neck. No incidents have been reported in the U.S.
Consumers are being urged to stop use immediately and to contact their local Napolean Fireplace Hearth Dealer to have a free upgrade kit installed.
The recall, which involves the GD3200-P flush glass front and GD3200B-P with a bay window, affects about 600 units in the United States and 2,400 in Canada. Both fireplaces are black and measure about 33 inches tall and 31.25 inches wide, accented with gold designs on the top and bottom. They were sold at Hearth Fireplace stores from August 1992 through May 2001 for about $1,500.
Lennar posts profits, record margins for Q2
Net income for home builder Lennar was $137.7 million for the second quarter of 2014, up slightly from the $137.4 million it reported for the same period of 2013. Revenues from home sales increased 28% in the second quarter of 2014 to $1.6 billion from $1.3 billion in the second quarter of 2013.
The rise in revenue accompanied a rise in the number of homes Lennar delivered — from 4,449 homes in the second quarter of 2013 to the 4,976 it delivered this past quarter.
From the beginning of March to the end of May, the company also saw an 8% increase in the number of home orders, which is value at about $2 billion.
Lennar’s CEO, Stuart Miller, expressed satisfaction with the second-quarter numbers, which brought margins to record quarter highs for the home builder.
"Our core home-building business is hitting on all cylinders,” Miller said. “Fueled by a 14% increase in our average sales price and continued momentum from our land acquisition strategy, our gross and operating margins increased to 25.5% and 14.7%, respectively, the highest second-quarter margins in the Company’s history."
The results from this quarter, according to Miller, were actually less than expected, but he said they’re indicative of a recovering market.
"While the spring selling season was softer than anticipated by us and the investor community, the home-building recovery continued its progression at a slow and steady pace,” Miller said. “The fundamentals of the home-building industry remain strong driven by high affordability levels, favorable monthly payment comparisons to rentals and overall supply shortages. Demand in most of our markets continues to outpace supply, which is constrained by limited land availability."
Lennar’s operating earnings also rose by 31% to $234.5 million.
DaVinci Roofscapes celebrates 15 years
Kansas-based roofing company DaVinci Roofscapes is commemorating 15 years of manufacturing its polymer slate and shake roofing systems, with a new facility marking the company’s growth.
The company, which took root in 1999 in Kansas City, recently relocated to a larger facility in Lenexa.
“We’ve grown a good deal since our beginnings 15 years ago, and we realized that our leased facility would not support our future growth," DaVinci president and CEO Ray Rosewall said. “Our new facility has enabled us to add much-needed capacity and will ensure that we can meet the ongoing increases in demand for our impact- and fire-resistant roofing products."
In addition to the recyclable products’ resistance to fire and impact, DaVinci’s tiles — which come in 49 colors –resist curling, fungus, insects and mold. The company also has a Made-in-USA business model, manufacturing exclusively in Kansas.
“We’re extremely proud that all of our products are made in the United States and that we support our economy by providing jobs for hard-working folks around the country,” said Rosewall. “We’re part of the multiplier effect because our ‘Made in America’ commitment also means we purchase from suppliers located only in the United States.”