Timber Trades Journal’s Post

TOUGH QUARTER 👷🏻♂️👷♀️🪨🇬🇧 🇮🇪 🇺🇸: Breedon Group plc says trading during the first quarter of the year was impacted by the ongoing macroeconomic uncertainty and reduced construction activity due to wet weather conditions. This led to softer volumes which were partially offset by resilient pricing. As a result, revenue reduced by 5%, or 9% on a like-for-like basis, when compared to the first quarter of 2023. Breedon, a vertically-integrated construction materials group in Great Britain, Ireland and the United States, made the comments in a trading update ahead of the group's Annual General Meeting. The group said in the update: "In GB trading conditions were particularly affected by the wet weather. We completed two bolt-on acquisitions; Eco-Asphalt, a well-connected asphalt plant in the North West, and Phoenix Surfacing which enhanced our surfacing capability in the Midlands. "Ireland had a strong tendering season and is well positioned for the rest of the year, supported by healthy housing and infrastructure markets and the return of the governing Assembly to Stormont.” Rob Wood Julie Daintith #trading #buildingmaterials #financials

Galliford Try update passes muster with broker @gallifordtry #LSE #GFRD. Construction group Galliford Try Holdings PLC (LSE:GFRD) has confirmed its trading gels with recently upgraded expectations in an update ahead of its annual meeting. The company highlighted a resilient market environment and a strong pipeline of opportunities that adhere to its disciplined bidding criteria. Peel Hunt noted that management remains confident in achieving its 2030 strategic goals, unveiled during its May Capital Markets Event. The broker estimates these objectives could support a 15% compound annual growth rate in earnings per share (EPS) and dividends per share (DPS)... http://ow.ly/T9fJ105Q7To

Roofing Services Solutions, a Dunes Point Capital, LP portfolio company, expands its reach by acquiring Quality First Roofing LLC, strengthening its expertise in re-roofing and exterior services. 🏠💼 #RoofingIndustry #AcquisitionNews #RoofingNews #QualityFirstRoofing #DunesPointCapital Read More: https://brnw.ch/21wPkcB

"Florida Assets to be Sold by Parkland" Read the full article below..

At The Garrett Companies, we are always looking for ways to refine our processes, increase efficiency, and put people in the right places at the right time. While this thought process has been evident since the inception of the company, it became truly evident when Apex Lumber & Materials, the first TGC Affiliate Brand, was founded in 2020. At the time, the COVID-19 pandemic was making business difficult in all industries, including multifamily construction. It became essential to adapt. Our team quickly identified that the lumber and material acquisition process, something typically outsourced, was becoming even more difficult. The decision was made to overcome this hurdle by bringing that process in-house, giving life to Apex Lumber & Materials. Today, the success of Apex has expanded our team, increased efficiency, and encouraged the birth of additional TGC Affiliate Brands. Apex serves as a prime example of what can happen when adaptability is present in the workplace. https://lnkd.in/gqTVVdTA #TeamGarrettCo #ApexLumberAndMaterials #Apex #MultifamilyInnovation #WeAreAdaptable

Interesting #PrivateEquity purchase of a large #RoofingContractor. Do you think we will see more consolidation of the industry? #roofing #commercialroofing #roofinspections #roofrepairs #roofreplacement #roofleak #roofcoatings #newconstruction #hurricanepreparedness #infraredroofscanning #roofmaintenance #ladders #attic #facilities #maintenance #propertymanagement #repairs #boma #ifma #facilitiesmanagers #buildingowner #commercialrealestate #generalcontractors #fala #bama #tporoofing #commercialproperties #floridabusiness

📰 With a blend of family spirit and global reach, Vandecasteele Houtimport are a familiar name across the timber sector and gave us a glimpse behind the scenes of this dynamic Belgian timber importer. Read the full article in the latest Timber Trader UK magazine 👉 https://ow.ly/Z3Q450TOpCS #TimberTrade #TimberIndustry #TimberNews

📰 According to the latest figures from Timber Development UK, the deficit of timber import volumes during 2024 compared to the year before continues to fall as we enter the final quarter of the year. Read more in the latest Timber Trader UK magazine 👉 https://ow.ly/Aokz50TQLG6 #TimberTrade #TimberDevelopment #WoodTrade

In case you missed it: Gov. Ron DeSantis announced $2.6 million in funding toward a JAXPORT project to increase storage and rail access for aggregate materials on port property. Aggregates—such as gravel, stone, and sand—are materials used in construction and roadway projects and are also a type of cargo that moves through JAXPORT. State support for aggregates ensures JAXPORT can help meet the growing transportation needs of Florida consumers and businesses for decades to come. Thank you, Gov. Ron DeSantis and the Florida Department of Transportation, for your continued investments in the state’s supply chain capabilities. Read more about the funding allocated to projects around the state: https://bit.ly/4ebO1ZX

[THREAT - One big customer > 50% of Sales (Porter's 5 Forces Analysis)] The pressure is being felt all the way through the value chain, and Murray & Roberts is once again drawing the short straw. The lab-grown diamond story continues to play out. This is obviously a major worry for a company like De Beers, which has enjoyed decades of selling plenty of diamonds at great prices. Disruption has now come to its door and it’s unclear which way it will go in terms of pricing strategies. Just when investors thought that things might be turning out okay at the construction group, there’s the news of extremely poor numbers thanks in part to a pullback by De Beers of its plans at the Venetia project. This project is more than 50% of Murray & Roberts’s cementation business in South Africa, so the key dependency has been exposed as a wide-open wound. https://lnkd.in/dJR8FmT3