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  • Pricing, inflation and materials

    Listening to a company’s quarterly earnings conference can be the equivalent of watching a CEO read a PowerPoint presentation, followed by a group of analysts grilling him on EBIT margins, payout ratios and basis points. Or it can be like panning for gold, with nuggets surfacing about store openings and closings, new products launches, new accounts with retail customers or “terminated” relationships with former customers. Competitors even talk about each other — sometimes by name — with a little prompting from analysts.

  • Owens Corning to sell masonry division

    Owens Corning has signed an agreement to sell its masonry division, which makes Owens Corning Cultured Stone exterior siding, to Boral Industries in a two-part transaction, the company announced. 

    The building products supplier will sell a 50% stake in its masonry products unit to Boral Industries for $45 million at closing, and the unit will then be operated jointly until early 2014. At that time, Owens Corning will sell its remaining 50% stake for $45 million and may receive additional proceeds dependent upon 2013 financial performance. 

  • Marvin's expands in Alabama

    Leeds, Ala.-based Marvin's Building Materials and Home Centers will open a new store in Monroeville, Ala., this spring. The store will be the company's 27th home center and will be built on the site of a former Food World grocery store.

    The new, 35,000-sq.-ft. store is expected to be open for business in late May. The location will include an attached lawn and garden center and drive-through lumberyard.

  • More executive promotions announced at Lowe's

    Mooresville, N.C.-based Lowe's announced a variety of executive promotions, including a replacement for the post vacated by Robert Gfeller Jr., who was recently promoted to executive VP merchandising.

  • At Bellavita Tile, new name and new capabilities

    Bellavita Tile by DM Connections, the Vancouver, Canada-based supplier, has officially executed a name change as part of a restructuring. 

    In combination with opening a new manufacturing facility with advanced capabilities in porcelain floor and wall tiles to increase its product matrix, the company will now operate exclusively as Bellavita Tile, Inc.

  • Great Southern aligns with U.S. Lumber

    Abbeville, Ala.-based Great Southern Wood Preserving formed an alliance with specialty building materials distributor U.S. Lumber Group.

    Under the new alliance, an affiliate of Great Southern will become a minority investor in U.S. Lumber and customers of both companies will leverage the benefits of increased volume purchasing and sharing of "best practices." No jobs will be adversely affected, nor are management changes anticipated, the companies announced. 

  • Boise executive to retire; new appointment made

    Boise Cascade’s building materials distribution division has announced that Dale Catt will retire on March 1 after 40 years in the LBM business.

    Catt has served in many positions and locations for Boise Cascade and Bohemia Lumber. Since 1991, he has held the position of Boise Cascade’s commodity procurement manager. 

  • Slide show: Do it Best Fall Market

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