Builder

ABC Announces 2024 Top-Performing US Construction Contractors

Retrieved on: 
Monday, February 26, 2024

WASHINGTON, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Associated Builders and Contractors today released its 2024 Top Performers lists, recognizing its contractor members’ outstanding achievements in safety, quality, inclusion, project excellence and special designations ranked by number of hours worked.

Key Points: 
  • WASHINGTON, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Associated Builders and Contractors today released its 2024 Top Performers lists, recognizing its contractor members’ outstanding achievements in safety, quality, inclusion, project excellence and special designations ranked by number of hours worked.
  • 1 2024 ABC Top Performer by work hours is Turner Industries Group LLC, Baton Rouge, Louisiana; followed by Skanska Building Inc., Franklin, Tennessee; BL Harbert International, Birmingham, Alabama; Brown & Root Industrial Services, Baton Rouge, Louisiana; and Performance Contractors, Baton Rouge, Louisiana.
  • “These top contractors build the nation’s most enduring, innovative, high-quality construction projects, and their leadership teams and employees have thriving, growth-centric mindsets, strategic plans and goals,” said Michael Bellaman, president and CEO of ABC.
  • Through credentials like STEP, AQC and other robust programs, ABC Top Performers demonstrate they:
    Sustain and grow their businesses, financially and economically

LP Building Solutions Awarded Five Prestigious Honors for Structural Solutions Products, Recognized for Product Excellence and Sustainability

Retrieved on: 
Tuesday, March 5, 2024

LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced several accolades garnered by its Structural Solutions portfolio, further solidifying its commitment to innovation and sustainability.

Key Points: 
  • LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced several accolades garnered by its Structural Solutions portfolio, further solidifying its commitment to innovation and sustainability.
  • View the full release here: https://www.businesswire.com/news/home/20240305804860/en/
    BUILD Magazine, PRODUCTS Magazine, and Green Builder Media recognized the LP® Structural Solutions portfolio for its exceptional product quality and sustainable attributes.
  • (Photo: Business Wire)
    Three distinguished industry authorities—BUILD Magazine, PRODUCTS Magazine, and Green Builder Media—recognized the LP® Structural Solutions portfolio for its exceptional product quality and sustainable attributes.
  • In September 2023, LP announced that five products within its Structural Solutions portfolio— LP® TechShield® Radiant Barrier , LP WeatherLogic® Air & Water Barrier , LP Legacy® Premium Sub-Flooring , LP® FlameBlock® Fire-Rated Sheathing and LP® TopNotch® 350 Durable Sub-Flooring —are carbon negative.

Beazer Homes and Partners Donate $1.9 Million to Fisher House Foundation

Retrieved on: 
Friday, March 1, 2024

Beazer Homes, alongside their partners, proudly announced the donation of $1.9 million to Fisher House Foundation this week.

Key Points: 
  • Beazer Homes, alongside their partners, proudly announced the donation of $1.9 million to Fisher House Foundation this week.
  • View the full release here: https://www.businesswire.com/news/home/20240301860088/en/
    Beazer Homes employees, trade partners and Fisher House staff gathered in Las Vegas to celebrate their fundraising efforts.
  • (Photo: Business Wire)
    The donation represents the culmination of extensive fundraising efforts by Beazer Homes employees, bolstered by the generous contributions from partners who directly donated to Fisher House.
  • Speaking on behalf of Beazer Homes, President and CEO Allan Merrill underscored the company's deep-rooted partnership with Fisher House Foundation, highlighting its significance as the company’s national charity partner.

Builders FirstSource Increases Stock Repurchase Plan to $1 Billion

Retrieved on: 
Thursday, February 22, 2024

Builders FirstSource, Inc. (NYSE: BLDR) announced that on February 21, 2024, its Board of Directors authorized the repurchase of up to $1.0 billion of the Company’s outstanding shares of common stock, inclusive of the approximately $200 million remaining outstanding in the prior share repurchase plan authorized in April 2023.

Key Points: 
  • Builders FirstSource, Inc. (NYSE: BLDR) announced that on February 21, 2024, its Board of Directors authorized the repurchase of up to $1.0 billion of the Company’s outstanding shares of common stock, inclusive of the approximately $200 million remaining outstanding in the prior share repurchase plan authorized in April 2023.
  • “The Board’s increased share repurchase authorization reflects our strong conviction in the Company’s strategy, operating model, and ability to generate robust free cash flow,” said Paul S. Levy, Chairman of Builders FirstSource.
  • The timing and amount of any share repurchases under the share repurchase program will be determined by Builders FirstSource at its discretion based on ongoing assessments of the capital needs of the business, the market price of Builders FirstSource’s common stock, and general market conditions.
  • The program does not obligate Builders FirstSource to acquire any particular amount of its common stock, and the share repurchase program may be suspended or discontinued at any time at the Company’s discretion.

Builders FirstSource Reports Fourth Quarter and Full Year 2023 Results; Provides 2024 Financial Outlook

Retrieved on: 
Thursday, February 22, 2024

Builders FirstSource, Inc. (NYSE: BLDR) today reported its results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Builders FirstSource, Inc. (NYSE: BLDR) today reported its results for the fourth quarter and full year ended December 31, 2023.
  • For the fourth quarter, Adjusted EBITDA decreased 1.6% to $685.5 million, primarily driven by lower net sales.
  • The Company repurchased $1.8 billion of shares in 2023, reducing its total shares outstanding by 12.2% in 2023.
  • Builders FirstSource will host a conference call and webcast on Thursday, February 22, 2024, to discuss the Company’s financial results and other business matters.

Hyphen Solutions and informXL Strengthen Partnership with Enhanced ERP Integrations

Retrieved on: 
Thursday, February 22, 2024

Hyphen Solutions, a leader in cloud-based residential construction technology, and informXL, the foremost data visualization platform, are excited to announce the expansion of their partnership.

Key Points: 
  • Hyphen Solutions, a leader in cloud-based residential construction technology, and informXL, the foremost data visualization platform, are excited to announce the expansion of their partnership.
  • This enhanced collaboration integrates informXL's robust analytics capabilities with Hyphen Solutions' two flagship Enterprise Resource Planning (ERP) systems, BRIX and Hyphen HomeFront, to provide unparalleled efficiency and data management for Home Builders.
  • Hyphen BRIX, a comprehensive ERP solution with a focus on North American Home Builders, continues to innovate in streamlining residential construction operations.
  • This enhanced partnership between Hyphen Solutions and informXL symbolizes a shared vision of innovation and efficiency.

Washington Trust Charitable Foundation Donates $122,000 to Housing Organizations in Rhode Island

Retrieved on: 
Thursday, February 29, 2024

WESTERLY, R.I., Feb. 29, 2024 /PRNewswire/ -- Washington Trust ("the Bank") today announced that the Washington Trust Charitable Foundation ("Charitable Foundation") has awarded $122,000 to seven Rhode Island organizations in support of various programs to support safe and affordable housing and homeownership programs throughout the Ocean State.

Key Points: 
  • WESTERLY, R.I., Feb. 29, 2024 /PRNewswire/ -- Washington Trust ("the Bank") today announced that the Washington Trust Charitable Foundation ("Charitable Foundation") has awarded $122,000 to seven Rhode Island organizations in support of various programs to support safe and affordable housing and homeownership programs throughout the Ocean State.
  • The grants are part of more than $459,000 of total giving granted by the Charitable Foundation to 60 organizations throughout the Bank's footprint.
  • "Washington Trust is committed to supporting organizations that offer safe and affordable housing programs for our neighbors," said Rolando Lora, Washington Trust Executive Vice President and Chief Retail Lending Officer.
  • The Washington Trust Charitable Foundation is committed to furthering Washington Trust's support of the communities it serves.

Constellation HomeBuilder Systems Adds Resale Insights to Real-time Homebuilder Data Solution at NAHB IBS 2024

Retrieved on: 
Tuesday, February 27, 2024

LAS VEGAS, Feb. 27, 2024 /PRNewswire/ -- Constellation HomeBuilder Systems, a leading provider of homebuilding software solutions, announced today at the 2024 NAHB International Builders' Show that its BuilderMetrix™ platform now provides access to home resale insights. With this new capability, builders will be equipped to make better business decision-making.

Key Points: 
  • LAS VEGAS, Feb. 27, 2024 /PRNewswire/ -- Constellation HomeBuilder Systems , a leading provider of homebuilding software solutions, announced today at the 2024 NAHB International Builders' Show that its BuilderMetrix ™ platform now provides access to home resale insights.
  • "There's a significant gap in the industry for homebuilder data that executives can rely on to improve their day-to-day decision-making," said Paolo Benzan, VP of Data Services at Constellation HomeBuilder Systems.
  • "Constellation HomeBuilder Systems is uniquely positioned as a data provider due to our breadth of coverage across the homebuilding industry.
  • Our access to real-time, anonymized, and aggregated homebuilder data allows BuilderMetrix™ to be a truly one-of-a-kind homebuilder data platform in terms of content, accuracy, and timeliness.

Astara Capital Partners Formalizes Strategic Advisor Program

Retrieved on: 
Tuesday, February 27, 2024

NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Astara Capital Partners, L.P. ("Astara") is pleased to announce the formation of its Strategic Advisor Program with the addition of nine senior executives.

Key Points: 
  • NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Astara Capital Partners, L.P. ("Astara") is pleased to announce the formation of its Strategic Advisor Program with the addition of nine senior executives.
  • Chad Barton, an Astara operating partner, is responsible for managing the Strategic Advisor Program to maximize the impact of these resources for companies acquired and managed by Astara's inaugural fund, Astara Capital Partners Fund I, L.P.
    "We have longstanding relationships with our Strategic Advisors and actively rely on them to source opportunities, provide operational and due diligence services, provide strategic and functional insights throughout the acquisition and management processes, and to serve as officers, board members, and consultants for our companies", said Mr. Barton.
  • He serves as a Director of three Astara companies including BDV Solutions, Del Air Heating & Air Conditioning, and Ally Building Solutions.
  • Marrying investment acumen, operational experience, and strategic insight is core to how Astara adds value to its investments" said Michael Ranson, Managing Partner of Astara.

New Home Sales Have Healthy Start To The Year, Reports Zonda

Retrieved on: 
Thursday, February 22, 2024

NEWPORT BEACH, Calif., Feb. 22, 2024 /PRNewswire-PRWeb/ -- Today, the experts at Zonda, the housing industry's foremost advisors, released the New Home Market Update report for January 2024.

Key Points: 
  • "Stability in mortgage rates is key for housing demand," said Ali Wolf, chief economist with Zonda.
  • Zonda's new home sales metric counts the number of new home contract sales each month and accounts for both cancellations and seasonality.
  • Zonda's New Home Pending Sales Index (PSI) was created to help account for fluctuations in supply by combining both total sales volume with the average sales rate per month per community.
  • As a result, the New Home PSI blends the cumulative sales of activity recently sold-out projects with the average sales rate per community, which adjusts for fluctuations in supply.