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Tembec Reports
Tembec Inc reported 3Q 2015 results Thursday, finding that consolidated sales for the three-month period ended September 26, 2015, were $373 million, as compared to $371 million in the same quarter a year ago. The Company generated a net loss of $32 million, or $0.32 per share, in the September 2015 quarter compared to net…
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US Residential Property Values: September 2015
The typical size of newly built single-family homes was effectively unchanged from 2Q to 3Qf 2015, posting a small quarterly decline. The current data is consistent with the general trend of flat growth for the size of typical newly-built homes, a pattern that took hold during 2014. As first-time buyers return to the market, typical…
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Resolute Acquires
Resolute Forest Products Wednesday announced the acquisition of Atlas Paper Holdings, a leading manufacturer of at-home and away-from-home tissue products, including recycled and virgin paper grades. The purchase price in the transaction, which closed the same day, was $156 million, including working capital.
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Canada Wholesale Trade: October 2015
Canadian wholesale sales edged down 0.1 per cent to $55.2 billion in September, according to Statistics Canada Thursday. Declines in the motor vehicle and parts and the building material and supplies subsectors were partially offset by higher sales in the machinery, equipment and supplies and the food, beverage and tobacco subsectors. Excluding the motor vehicle…
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US Construction Employment: September 2015
The count of construction job openings declined in September as hiring in the home building sector remained slow. The average monthly employment gain for builders and remodelers has been approximately 4,700 over the last six months. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction…
