All Posts Tagged With: "LPX"
(DHI) Weakness Prevails in U.S. Housing
The weaknesses prevailing in the housing and construction industry in the U.S. have once again come to the fore as the National Association of Home Builders lowered its September outlook.
Poor employment growth, increased availability of foreclosed homes, strict mortgage...
(UFPI) UFPI Beats Estimate – Future Outlook Dark
Universal Forest Products Inc. (UFPI) reported its financial results for the second quarter 2011 on July 13. Earnings per share, excluding 11 cents per share of severance and early retirement charges were...
(WY) Weyerhaeuser to Sell Hardwood Unit
Weyerhaeuser Company (WY) recently entered into an agreement to sell its hardwood and industrial products division to American Industrial Partners. Financial terms of the transaction were not disclosed.
The...
(LPX) Louisiana-Pacific Buys LP Brazil
Louisiana-Pacific Corporation (LPX) recently acquired the remaining 25% equity interest in Louisiana-Pacific-Brasil OSB Industria e Comercia S.A. (LP Brazil) through its subsidiary Louisiana-Pacific South...
(UFPI) Universal Forest Products 2011 First Quarter Report Results Below Consensus
Universal Forest Products Inc. (UFPI) reported its financial results for the first quarter 2011 on April 13. Net earnings were a loss of 19 cents per share compared with a 5 cent per share gain in the year-ago...
(UFPI) Universal Forest Products Analyst downgrades Shares to Underperform
We recently downgraded our rating for Universal Forest Products Inc. (UFPI), a manufacturer and distributor of lumber, composite wood, plastic and other building products, from Neutral to Underperform....
(WY) Weyerhaeuser’s Announces 324 Million Share Special Dividend
Weyerhaeuser Co. (WY) announced that it will be issuing approximately 324 million shares as part of its dividend payment to shareholders of record as of July 22. The distribution, based on an average closing...
(LPX) U.S. Housing Starts and Building Permits Rise
We got some good news and some bad news today. The good news is that both Housing Starts and Building Permits rose in March. The bad news is that both housing starts and building permits rose in March.
It is good news, since residential investment...
(WY) Weyerhaeuser Co Announces Tender Offer
Earlier this month, Weyerhaeuser Co. (WY) announced the commencement of a cash tender offer to purchase up to $500 million principal amount of its 6.750% notes due in March 15, 2012.
Weyerhaeuser is...
(DHI) New Home Sales: Some Good News
Raise High the Roofbeam, Carpenter!
More good news on the housing front: new home sales jumped 9.6% in July to a seasonally adjusted annual rate of 433,000. In addition, June sales were revised up from 384,000 to 395,000. The jump in sales...