Roofing Supplier Operations

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Owens Corning exceeded Q3 2024 estimates with strong earnings and net sales, driven by strategic shifts to high-margin products and divestments, achieving $4.38 EPS, $3.05B in sales, and improved cash flow despite market challenges. 

QXO appoints Ashwin Rao as Chief AI Officer to lead AI integration in demand forecasting, inventory, and e-commerce, aiming to make QXO a tech leader in building products distribution.

Westlake Royal Building Products is boosting Florida production of its Newpoint Concrete Roof Tile, enhancing two facilities and customer services to meet regional demand for resilient, energy-efficient roofing.

Beacon reported Q3 2024 net income of $145.3 million, with an adjusted EPS of $2.80, missing analyst expectations of $2.88; despite lower activity, CEO Julian Francis emphasized strong demand and effective margin management. 

This acquisition strengthens Carter Lumber’s position in key Alabama and Florida markets while enhancing Townsend Building Supply’s capabilities.

The Riverside Company and Canadian-based PFB Corporation will sell PFB’s Plasti-Fab and Insulspan units to Carlisle Companies for $260M; the deal is expected to close in Q4 2024.

GAF, one of North America's largest roofing manufacturers, appointed John Barkhouse as president; he will oversee operations across its Residential and Commercial divisions.

Hy-Brid Lifts has appointed Charlie Haskin as director of sales for the western U.S., bringing 20 years of industry experience to drive growth and support for low-level scissor lifts.

The National Center for Construction Education and Research received a DEWALT Grow the Trades Grant for its efforts to provide career and technical education, addressing the skilled labor gap.

A strike by dockworkers affecting 36 ports across America's East and Gulf Coasts is suspended until January.