Latest news with #Builders
Time of India
02-05-2025
- Business
- Time of India
Builders FirstSource cuts annual revenue forecast for 2025
Builders FirstSource on Thursday trimmed its annual revenue forecast, after reporting a decline in first-quarter profit and sales due to persistently weak housing construction as well as affordability issues. Elevated mortgage rates and tariff-driven macroeconomic uncertainty have prompted potential customers to reconsider buying homes, leading to suppressed demand for new houses. Shares of the Irving, Texas-based company, which supplies building materials and products for home construction, were down 2.4% in morning trading following the results. It forecast 2025 net sales between $16.05 billion and $17.05 billion, compared with a prior view of $16.5 billion to $17.5 billion. Builders FirstSource expects its full-year single-family starts to be down mid-single digits and multi-family starts down mid-teens. The company's adjusted profit came in $1.51 per share in the three months ended March 31, below $2.65 per share a year ago. However, the quarterly profit surpassed analysts' average estimate of $1.37 per share, according to data compiled by LSEG. The building solutions provider's first-quarter net sales fell 6% to $3.66 billion from a year ago, hurt by one fewer selling day and commodity deflation.
Otago Daily Times
23-04-2025
- General
- Otago Daily Times
Central Otago & Waitaki Services
CENTRAL OTAGO SERVICES ROXBURGH MILLERS FLAT RSA : Service Roxburgh 7am Service Millers Flat 9am MANIOTOTO : Dawn Service/Parade, Ranfurly Cenotaph 6.30am Wreath Laying/Family Service, Gimmerburn Cemetery 10am PATEAROA : Wreath Laying, Patearoa Cenotaph 10am Family Service Patearoa Hall (directly after wreath laying service) MIDDLEMARCH : Service Cenotaph 11am LOWBURN : Service Lowburn Hall, Lowburn Valley Rd 9am HAWEA : Dawn Service Lake Hawea by the dam on the peninsula 7am WANAKA : Dawn Service on the Wanaka foreshore 7am ANZAC Service, Lake Wanaka Centre, Wanaka 9.30am QUEENSTOWN : Dawn Service Memorial Gates, Marine Parade 6.30am The Dawn Service will be followed by a march to the Memorial Hall where wreaths will be laid TARRAS : Service Tarras Memorial Hall 10am ARROWTOWN : Parade & Service. The Cenotaph, Durham Street, Arrowtown Those wishing to join the Parade please assemble at 10am at the Atheneum Hall, Buckingham Street to march to the Cenotaph for the service at 10.30am . If weather in inclement the service will be held in the Atheneum Hall. BANNOCKBURN : Service Bannockburn War Memorial, Hall Road 9am CROMWELL : Poppy Laying, Cromwell Cemetery, Cemetery Road, 8am Service, Cromwell Cemetery 10am CLYDE : Dawn Service at Clyde Dam lookout, 6.45am Wreath laying, Clyde Cenotaph, 7.50am . Bus departs Alexandra District Club 6.16am ALEXANDRA : Wreath Laying Service, Alexandra Warm Memorial 10.30am Those Marching assemble 10.15am at Limerick Street. Community assemble 10.15am at War Memorial. CHATTO CREEK : Wreath Laying Service, Chatto Creek Hotel, 1.00pm . Bus departs Alexandra District Club 12.30pm WAITAKI SERVICES Oamaru : Dawn Service, Great War Memorial 6.30am , Parade & Main Service 10.30am Oamaru Cemetery Service 9.00am Lookout Point Service 9.15am Alma War Memorial 7.30am Enfield Presbyterian Church 9.00am Georgetown War Memorial 10.00am Hampden Hall 10.30am Livingstone Memorial 10.30am Maheno School 9.00am Pukeuri War Memorial 8.30am Papakaio War Memorial 9.00am Palmerston Memorial Gates 8.45am , 9.00am - Service Dunback Memorial 11.00am Hakataramea Main Street 6.20am Kurow Cemetery 8.15am Otekaieke Memorial Gates 8.45am Duntroon War Memorial 9.15am Omarama Memorial 10.00am - Parade forms up , 11.00am - Service Thank you to all our sponsors for ANZAC Day 2025: Adams group Adhesion Sealing Advantage Tyres Age Concern Otago Aitken Manufacturing Otago Alex Campbell Anvil Engineers Aotea Electric Aotea Electric Southern Limited Apex Engineering Ayres Shoe Repairs Ballantynes Showcase Jewellers Banks Auto Electrical Bayfield High School Berry and Co Birchleigh Blachawk Industries Bowker Menswear Brackens Office Products Depot Brent Lucas Builders Brian Scott Motors C&M Garden Products Challange Marketing Chatsford Cobb and Co Colin Clyne Motorcycles Colliers International Coombs Contracting Copeland Ashcroft Craigs Investment Partners Custom Signs Doma Electrial Drivetech Otago Dunedin City Motors Dunedin Goldsmiths Dunedin ITM Dunedin Morelite Dunedin Solar E13 Performance Windows Entire It Ewan McDougall Excel Scaffolding Firman Joinery Forsyth Barr Ltd Gallaway Cook Allan Gallery De Novo Gillions Godfrey Hirst Graymont Finace Green Island Fresh Choice Harcourts (highland R/E) Harrow Motor Body Works Limited Hiflo Group Hope and Sons House of Travel Jeffery Dennison John Grave Tiling Kings High School Kurow Autos Kurow Holiday Park Kurow Hotel Laser Plumbing Oamaru Leith Liquorland Let the Good Times Roll LJ Hooker Mains Plumbers Markhams McFarlanes Tyre Services Miles Anderson Minto Trading Montecillo Mortgage Me Dunedin Neat Feet Nind Electrical Services North End Health Centre North Otago Pastoral Northanjer Rest Home Oamaru Club Oamaru Engineering Oamaru Glass Oamaru Scaffolding Ltd Olveston House One Agency One Agency Otago Art Society Otago Packaging Supplies Ltd Otago Rugby Football Union Palmers Mechanical Paper Plus Oamaru Parkside Lime Parkside Lime (Oamaru Stone) Peter Keown Automotive PGG Wrightson Piano Specialists Placemakers Dunedin Polson Higgs Precast Concrete Preens Professionals North Otago Property Brokers Otago Southland Ltd PW Engineering Quality Joinery R & B Cleaning Razors Egde Regent Theatre Trust of Otago Reidd Cooper Gray Reillys Towage & Salvage Limited Riteway Panel & Paint Roses General Store Rothbury Insurance Rylock Otago Sheetmetal Specialists Site Weld Solomons Sonthanjew Rest Home Southern Insulation Speedprint Speedy Signs St kevins College Stanley Cardoza Stihl Shop Dunedin Stitch Craft Corner STMZnz Limited Suits on Wall St Superior Minerals Tansley Electrical TFR Electrical United Scaffolding Veterinary centre Ltd Waitaki District Council Waterforce Webbers Gourment Chicken Weston Automotive Wests Whistle & Pop Whitestone Cheese Whitestone Funeral Whitestone Panel, Paint & Coach Young Motors
Yahoo
07-04-2025
- Business
- Yahoo
US plans to hike existing duties on Canadian lumber — even before planned tariffs hit
The decades-long softwood lumber dispute between the US and Canada is escalating even before planned tariffs take effect: The US plans to more than double existing anti-dumping and countervailing duties on the critical building material. The US Department of Commerce, as part of an annual review process, plans to hike the duties from 14.4% to 34.45%, according to published and unpublished filings in the Federal Register. The duties, which are separate from tariffs that have been proposed on softwood lumber, stem from a decades-long strife between the North American neighbors. Put simply, the US claims that the Canadian lumber industry is government-subsidized. British Columbia Premier David Eby said the duties are 'unjustified' in a statement released Saturday, adding that the duties will end up 'driving up housing costs for Americans who voted for a president who promised to lower costs.' American homebuilders have been sounding a similar alarm as President Donald Trump has floated tariffs on Canadian imports as well as sector-specific tariffs on lumber. About 30% of the softwood lumber consumed in the US is imported, with Canada accounting for north of 80% of those imports. Builders estimate that tariffs on lumber and other critical homebuilding materials could raise the average cost of a home by $9,200, according to the March National Association of Home Builders/Wells Fargo Housing Market Index. However, members of the US lumber industry say higher duties as well as new tariffs would help level the playing the field. They also say the existing US industry has a significant amount of existing capacity that's not currently being utilized. 'These unfair trade practices are designed by Canada to maintain an artificially inflated US market share for Canadian products and force US companies to curtail production, thereby killing US jobs,' Andrew Miller, chairman of the US Lumber Coalition, said in a statement. Jason Brochu, co-president of Pleasant River Lumber in Maine, told CNN earlier this month that his two mills in the Pine Tree State are running at 60% capacity. But if the demand is there, he could increase its workforce and production in a matter of months. 'We could ramp up fairly quickly,' Brochu said in an interview with CNN. 'The saw mill industry has modernized a lot, and speaking for our location and our region, bringing in the employment isn't a major impediment.' 'It can happen fairly quickly,' he added.
CNN
07-04-2025
- Business
- CNN
US plans to hike existing duties on Canadian lumber to by more than double – even before planned tariffs hit
The decades-long softwood lumber dispute between the US and Canada is escalating even before planned tariffs take effect: The US plans to more than double existing anti-dumping and countervailing duties on the critical building material. The US Department of Commerce, as part of an annual review process, plans to hike the duties from 14.4% to 34.45%, according to published and unpublished filings in the Federal Register. The duties, which are separate from tariffs that have been proposed on softwood lumber, stem from a decades-long strife between the North American neighbors. Put simply, the US claims that the Canadian lumber industry is government-subsidized. British Columbia Premier David Eby said the duties are 'unjustified' in a statement released Saturday, adding that the duties will end up 'driving up housing costs for Americans who voted for a president who promised to lower costs.' American homebuilders have been sounding a similar alarm as President Donald Trump has floated tariffs on Canadian imports as well as sector-specific tariffs on lumber. About 30% of the softwood lumber consumed in the US is imported, with Canada accounting for north of 80% of those imports. Builders estimate that tariffs on lumber and other critical homebuilding materials could raise the average cost of a home by $9,200, according to the March National Association of Home Builders/Wells Fargo Housing Market Index. However, members of the US lumber industry say higher duties as well as new tariffs would help level the playing the field. They also say the existing US industry has a significant amount of existing capacity that's not currently being utilized. 'These unfair trade practices are designed by Canada to maintain an artificially inflated US market share for Canadian products and force US companies to curtail production, thereby killing US jobs,' Andrew Miller, chairman of the US Lumber Coalition, said in a statement. Jason Brochu, co-president of Pleasant River Lumber in Maine, told CNN earlier this month that his two mills in the Pine Tree State are running at 60% capacity. But if the demand is there, he could increase its workforce and production in a matter of months. 'We could ramp up fairly quickly,' Brochu said in an interview with CNN. 'The saw mill industry has modernized a lot, and speaking for our location and our region, bringing in the employment isn't a major impediment.' 'It can happen fairly quickly,' he added.
Yahoo
04-04-2025
- Business
- Yahoo
Builders Announces 29th Consecutive Dividend
ATLANTA, April 4, 2025 /PRNewswire/ -- Atlanta-based commercial insurance leader, Builders, has announced preliminary financial results for the fiscal year ending December 31, 2024. The "A" (Excellent) A.M. Best-rated company's report exhibits strong earnings and net income growth, net written premiums growth, and surplus growth during 2024. As a result, Builders recently declared its 29th consecutive annual dividend payment to qualifying Georgia policyholders. This year's dividend of $1.5 million based on 2024 performance brings total dividends paid across three decades to nearly $58 million. "With our 29th consecutive dividend, we acknowledge the commitments of our policyholders to ensure safe worksites," stated Todd Campbell, CEO and President of Builders. "Likewise, our agents amplify our workforce advocacy by guiding clients on effective risk management practices, all while we support their clients with steadfast coverage and financial strength. At Builders, we collaborate with our agents to manage risk for our policyholders and this partnership continues to create sustainable profit, making this dividend possible," he added. Financial Highlights (unaudited) Gross Written Premium: $270 Million Record FY 2024 Statutory Surplus: $383 Million Consolidated Combined Ratio on statutory basis, including policyholder dividends of 100.8% Loss Ratio: 59.5% FY 2024 Members' Equity: $376 Million The new dividend was issued in mid-March to Georgia policyholders who have maintained continuous coverage with Builders since January 1, 2023, and who demonstrate an acceptable loss ratio. In addition, the policyholder must have maintained membership in a sponsoring association and be without any unresolved receivable balances. Builders has grown over the years to exceed $1 billion in total assets with 200+ employees and 1,100 agency locations across the nation, providing commercial insurance policies to over 21,000 businesses across a wide variety of industries in 22 states. About Builders A property and casualty insurance leader, Atlanta-based Builders is the region's reliable expert and workforce advocate serving agents and their clients through deep partnerships, service excellence, and financial strength. Over 30 years of market leadership in complex construction risks has fostered exceptional expertise in workers' compensation, injury prevention and best-in-class medical management, driving superior outcomes in any professional industry. Builders and its member companies are rated "A" (Excellent) IX by AM Best. Great Place to Work Certified™ — #InsuranceBuiltStrong. For more information about Builders, visit View original content to download multimedia: SOURCE Builders Sign in to access your portfolio
