LL Flooring Q3 Sales Rose 12.1% YOY & Earnings Up
Richmond, VA, November 2, 2020-LL Flooring, formerly known as Lumber Liquidators, reported Q3 net sales of $296 million, an increase of 12.1% compared to Q3 2019’s $264 million.
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September Construction Spending Rose 0.3%
Washington, DC, November 2, 2020—Construction spending during September 2020 was estimated at a seasonally adjusted annual rate of $1,414.0 billion, 0.3% above the revised August estimate of $1,410.4 billion, according to the U.S. Census Bureau.
Purchasing Managers' Index Rose to 59.3% in September
Tempe, AZ, November 2, 2020—The October Manufacturing Purchasing Managers’ Index (PMI) registered 59.3%, up 3.9 percentage points from the September reading of 55.4% and the highest since September 2018 (59.3%), according to the Manufacturing ISM Report On Business.
Välinge Forms Partnership with Elias Wilf
Viken, Sweden, November 2, 2020—Välinge is pleased to announce that Elias Wilf, servicing the mid-Atlantic market from North Carolina to New York, has signed up to be the first residential distributor of Välinge Flooring’s new range of XXL hardwood flooring.
Builder Confidence in 55+ Market Hit All-Time High in Q3
Washington, DC, October 30, 2020-Builder confidence in the single-family 55+ housing market was at an all-time high in the third quarter, jumping 18 points to 83, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI).
Floor & Decor's Sales Up 31.4% in Q3, Net Income Up 67.8%
Atlanta, GA, October 30, 2020-Floor & Decor reported a Q3 2020 net sales increase of 31.4% to $684.8 million from $521.1 million in Q3 2019.
Mohawk’s Q3 Sales Up 2%, Earnings Up 31%
Calhoun, GA, October 30, 2020-Mohawk reported Q3 2020 net sales of $2.6 billion, an increase of 2% compared to Q3 2019 net sales of $2.5 billion. Net earnings were $205 million in Q3 2020, a 31% increase compared to Q3 2019 net earnings of $156 million.
Nancy Walsh Named President of Informa's North America Trade Show Portfolio
New York, NY, October 30, 2020-Informa Markets has consolidated its North America-headquartered brands under a single leadership team led by Nancy Walsh, who has been promoted to the role of president of the expanded North America portfolio, succeeding Rick McConnell.
Consumer Sentiment Rose 1.7% to 81.8 in October
Ann Arbor, MI, October 30, 2020-Consumer sentiment rose 1.7% in October to 81.8, according to final results from the University of Michigan Survey of Consumers.
Consumer Spending Rose 1.4% in September
Washington, DC, October 30, 2020-Personal income increased $170.3 billion (0.9%) in September, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $150.3 billion (0.9%), and personal consumption expenditures (PCE) increased $201.4 billion (1.4%).