Surpassing expectations, stock still drops more than 10%, slowly recovering but still down at end of trading on Friday; roofing remains a bright spot in company financials
Owens Corning's Q3 2023 report showed mixed results, with net sales matching last year at $2.5 billion and earnings surpassing estimates, but sales declining over 1.5%; roofing remains a bright spot.
Bristol, Pa.-based LB Capital recently unified three family-owned roofing firms, including Munz Roofing and Siding, Jim Rhubart Roofing, and Only the Best Builder, into a new entity, solidifying its presence in the competitive Northeast market.
The Roofing Alliance is hosting a fundraising reception in Nashville on Nov. 9 to support the Melvin Kruger Scholarship Fund, seeking to raise $400,000 for an eventual $2 million endowment.
The Occupational Safety and Health Administration on announced its most frequently cited workplace safety standards for fiscal year 2023, with number one being the most frequent cause of injury and death in roofing.
GAF supported a mental health and recovery center in Peru, Ill., the location of its fifth polyiso plant, as part of its GAF Community Matters initiative by donating materials for a new roof.
An infamous East End gangster in London, Dave Courtney, died at age 64 after suffering from cancer and arthritis, but not before he left a provocative message on the roof of his mansion, "Camelot Castle."
Bryant joined Lloyd Roofing in 2021 after spending more than a decade at local firms. Under his leadership, Lloyd Roofing’s annual revenue is 22 times higher than the company earned in Southwest Florida before his arrival.