HBSDealer Stock Watch: Drop Continues
|On Tuesday, all 30 hardware and building supply stocks tracked by HBSDealer finished the day lower — some of them dramatically lower. On a day when the Dow 30 and the S&P 500 were both down more than 3%, BLDR dropped more than 14%; and LL declined more than 8%.
[CORRECTION: A previous version of this article reported the following data as if it were from Wednesday. The financial markets were closed Wednesday in observance a national day of mourning for the funeral of President George H.W. Bush. HBSDealer regrets the error.]
|BLDR (Builders FS)||12.24||-14.25%|
|BMCH (BMC Stock)||16.55||-5.43%|
|CENT (Central Garden)||33.16||-3.72%|
|DE (Deere & Co.)||151.59||-6.55%|
|HD (Home Depot)||175.30||-3.54%|
|LL (Lumber Liquidators)||11.18||-8.81%|
|SMG (Scotts Miracle-Gro)||72.49||-4.01%|
|TSCO (Tractor Supply)||92.99||-2.87%|
|UFPI (Universal Forest)||26.32||-6.13%|
3M stands up for sustainability
Company announces new commitment during global climate conference.
St. Paul, Minn.-based 3M rolls out about 1,000 products each year. And beginning in 2019, all new product introductions will include a sustainability value commitment.
Examples of 3M’s sustainability value commitment for new products include reusability, recyclability, energy, waste, water savings, responsible sourcing, and/or renewable materials appropriate to the specific product, from the beginning to the end of each product’s lifecycle. This commitment also includes products with a purpose of helping to solve an environmental or social challenge, such as improving air quality, reducing greenhouse gas emissions and improving worker and patient safety in healthcare and industrial settings. 3M will measure progress and impact of this commitment and report on it annually, the company said.
3M made the announcement at the United National Climate Change Conference. “Sustainability is at the core of 3M—but we’re looking to do more,” said John Banovetz, chief technology officer, 3M. “Today at COP24 we are proud to formalize our commitment to this next step in innovating for a sustainable future.”
3M says it invests about 6% of revenue into research and development, much of it for creating new products.
The new requirement will take effect in 2019 and will apply to all five of 3M’s business groups: Health Care, Consumer, Electronics & Energy, Industrial and Safety & Graphics.
“As a large and diverse global science company with customers spanning many industries and global markets, we have the opportunity to make an even greater impact in sustainability,” said Gayle Schueller, VP and chief sustainability officer, 3M. “We’ve made such significant progress on the 2025 sustainability goals we set in 2015 that we’re raising the bar. The new product goal is an example of the aggressive targets we’ll be setting in coming months as part our strategic focus on empowering science for circular, climate and community.”
3M points to a long-standing commitment to Sustainability from the Pollution Prevention Pays program that began in 1975 to 3M’s 2025 sustainability goals that include water, climate, and energy targets. 3M has long been a recognized leader in sustainability and has been listed on the Dow Jones Sustainability Index for 19 straight years.
ABC Supply recognized by Glassdoor
ABC recognized as one of the best places to work in 2019.
Roofing and building products distributor ABC Supply has been presented with the Glassdoor Employee’s Choice award, recognizing the best places to work in 2019.
Glassdoor, one of the world’s largest job and recruiting websites, uses company reviews shared by current and former employees to determine which companies will be included on the Employees’ Choice Award list.
Employees are asked to rate their overall satisfaction with the company and key workplace factors such as career opportunities, compensation and benefits, culture and values, and work/life balance. In addition, employees are asked to describe the best reasons to work at their companies as well as any downsides.
“It is an honor to have ABC Supply recognized as one of the best workplaces in the nation,” said ABC Supply President and CEO Keith Rozolis. “We focus on putting our associates first, and it makes us proud that they know how much we value them.”
ABC Supply employs nearly 15,000 associates throughout the U.S., with its “Core Values” centered on providing and recognizing the right opportunities for its associates to grow and succeed.
Based in Beloit, Wisconsin, ABC Supply has more than 700 locations nationwide.
Earlier this year ABC Supply was recognized with the Gallup Great Workplace Award.