When you’re running a business, it can be hard to keep track of all the exciting developments in building products. Since we love to stay updated on industry activity by reading everything we can get our hands on, it makes sense to share the most impactful articles with you. We’ve even thrown in a few of our own insights!
James Hardie Industries Announces Record Second Quarter Fiscal Year 2021 Results
The world’s #1 producer and marketer of high-performance fiber cement and fiber gypsum building solutions has announced record Q2 fiscal-year results. The company achieved impressive growth in a number of areas, notably reaching net sales of $736.8 million.
Carlisle Companies Reports Fourth Quarter Diluted Earnings Per Share of $1.57
In a detailed report on Q4 2020, Carlisle Companies disclosed impressive revenue of $1.1 billion backed by a record operating margin, higher year-over-year sales, and raw material cost containment. It also continued stock repurchases, totaling 3 million shares for the year.
What Sales Professionals Need to Know About Trends in Building Products
With the global building products market on pace to reach $49 billion by 2025, there’s no doubt that the sector is shifting quickly. Specifically, there are a number of construction trends that are changing what contractors and architects are looking for when purchasing building products.
Minerals Technologies Reports Fourth Quarter 2020 Earnings of $0.91 Per Share
Leading producer of specialty mineral products and related systems, Minerals Technologies, conducted $432 million worth of sales during the last quarter of 2020. The firm continued to improve access across major end markets while enjoying a healthy cash flow and improved productivity.
Johns Manville Invests in the Future, Expands Plants and Product Offerings
As part of its continued evolution, Johns Manville has made several announcements in recent months. It completed the first phase of an Ohio plant expansion, broke ground on a new polyiso production plant in Texas, started production of material for face masks, and acquired ITW Insulation Systems.
A Look at Exciting Emerging Technology Trends in Building Products
In 2016 there was $352 million of venture capital investment in private construction technology companies. Within two years, that number was $6 billion. There are many exciting technologies to pay attention to, led by IoT innovations that improve efficiency and safety.
Sika Continues Growth, Increases Fourth Quarter Sales by 5.5%
Impressively, Sika grew more strongly than the market in all regions of operations. Their growth of 12.6% in the Asia/Pacific region is especially promising, and they even recorded growth in North America despite the ongoing pandemic.
PPG Reports Fourth Quarter and Full-Year 2020 Financial Results
Q4 net sales for PPG totaled $3.8 billion, representing a 2% increase over Q4 2019. Their strong operating margin momentum was led by higher year-over-year sales volume in the industrial coatings segment. Specifically, PPG net income in Q4 was $272 million.
Exploring Marketing Trends in the Building Products Industry
he most successful building products manufacturers are capitalizing on specific marketing trends to best support their sales. These companies are setting an example for others in the industry to follow.
Construction Commodity Prices are Rising, Impacting Profit Margins
The cost of lumber surged by 35% in the final weeks of 2020, causing apartment developers to worry. The price increase is due to U.S. fires that decimated inventory, mill closures, and increased demand from builders. Copper and steel prices also increased.
Huntsman Acquires Gabriel, Expands Specialty Chemicals Portfolio
For a price of $250 million, Huntsman Corporation has officially acquired Gabriel Performance Products, a North American chemical manufacturer of specialty additives and epoxy curing agents for the coatings, adhesives, sealants, and composite end-markets.
How Refine Search Built a Partnership with a Global Building Products Company to Transform Their Sales Force
A billion-dollar global building products manufacturer recognized their need to transform their sales force as their business and products became more complex. They needed sales professionals who were strong at “hunting” for business and were adept at selling more technically complex products. See how we placed 23 key individuals while maintaining a 96% retention rate.
LafargeHolcim to Acquire Firestone Building Products
World leader in building solutions, LafargeHolcim, has agreed to acquire Firestone Building Products in a deal valued at $3.4 billion. This acquisition in commercial roofing and building envelope solutions strengthens LafargeHolcim’s annual U.S. sales which are expected to exceed $6 billion.
ACI Virtual Concrete Convention Dates Announced
The American Concrete Institute has announced that their Virtual Concrete Convention will be held from March 28th to April 1st. There will be a lineup of hundreds of the industry’s brightest speakers sharing industry-leading information on diverse topics alongside 45 live technical sessions.
Thornton Tomasetti Launches T2D2 SaaS For Building Envelope, Structure Inspection
Using artificial intelligence to identify and assess damage to building envelopes and structures through images may sound like the future, but it’s here now in Thornton Tomasetti’s new T2D2 software as a service platform. The tool will empower clients to better manage and maintain their projects.
Turning Industrial Carbon Emissions into Building Materials
Sophia Hamblin Wang, one of the World Economic Forum’s Global Shapers and COO of Mineral Carbonation International, explains the process of how companies can decarbonize while staying successful with an evolved way of operating. This article presented with an audio option.
Five Ways to Accelerate Construction
Construction projects are prone to various disruptions, but the good news is there are ways to mitigate the impact to the project schedule. Effective ways to stay on schedule include examining permits, using products that stand up to extreme conditions, and more.
Specifying Snow Retention Systems
Rooftop avalanches cause property damage of hundreds of millions of dollars per year, as well as many injuries and deaths. Inadequate snow guard systems—or the lack of them—can potentially create liability issues for building owners, designers, and contractors.
Kingspan Awarded Gold Standard CDP ‘A List’ Status
Kingspan has been named as a global leader for its actions and strategies in response to climate change and was awarded a position on the Climate “A List” by CDP. This is the fifth year that Kingspan has earned this distinction.
Jordan Company to Acquire Majority Stake in Specialty Building Products
Specialty Building Products (SBP) announced that it has signed a definitive agreement whereby The Jordan Company will acquire a majority ownership position in SBP from funds affiliated with Madison Dearborn Partners, LLC.
New ACI Specifications for Concrete Construction
The American Concrete Institute has released the new ACI 301-20, Specifications for Concrete Construction, which is designed specifically for engineers and architects to apply to their projects. A companion ACI Field Reference Manual was also released.
Sika Launches New Polyurethane Technology
Sika, the world’s biggest manufacturer of adhesives and sealants for the building sector, has developed a new polyurethane technology. Marketed under the Purform brand, the new polymers improve performance profiles, durability, and sustainability.
Huntsman Announces Acquisition of Gabriel Performance Products
Huntsman is set to acquire a North American chemical manufacturer of specialty additives and epoxy curing agents for coatings, adhesives, sealants, and more. The $250 million all-cash deal expands Huntsman’s specialty chemicals portfolio.
BMC to Acquire Building Materials Distributor TW Perry
Leading provider of diversified building materials and solutions, BMC, has announced a purchase agreement to acquire premier value-added building materials supplier TW Perry. This move expands BMC’s portfolio into the Northern Virginia, Maryland, and D.C. markets.
