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Posts Tagged ‘component supplier’

Component Supplier to the Manufactured Housing Industry to Release Financials

February 6th, 2014 Comments off

BlueLinx Holdings Inc. (NYSE:BXC), a component supplier to the manufactured housing industry, will release fourth quarter financial results before the market opens on Thursday, Feb. 20, according to Nasdaq.com, followed by a conference call at 10:00 AM. CEO Mitch Lewis, and CFO and treasurer Doug Goforth will discuss the company’s financials for the quarter ending Jan. 4, 2014 during the call. Headquartered in Atlanta, Georgia, BlueLinx offers more than 10,000 building products from over 750 suppliers to customers through 50 distribution centers. MHProNews.com has learned one of its major custom wood cutting and fabrication centers is in Elkhart, Indiana, central to the recreational vehicle (RV) industry and important to the manufactured housing industry as well.

(Image credit: BlueLinx Holding, Inc.)

UFPI Declares Cash Dividend

November 25th, 2013 Comments off

Manufactured housing (MH) component supplier Universal Forest Products, Inc. (UFPI) will began trading ex-dividend Nov. 26, 2013 with a cash dividend of $0.21 per share to be paid to shareholders Dec. 15, 2013, representing a five percent increase over the prior quarter. According to nasdaq.com, its current shares of stock at $51.56 are trading 55 percent higher than its 52-week low. Zacks Investment Research reports the company’s 2013 forecasted earnings growth at 81.78 percent compared to an industry average of only 14.7 percent. As MHProNews knows, UFPI provides wood and wood-like products to the manufactured housing and recreational vehicle industries.

(Photo credit: woodworkingnetwork–Ovations, UFPI’s composite wood)

“Buy” Rating Initiated on UFPI Stock

October 24th, 2013 Comments off

Universal Forest Products, Inc. (NASDAQ:UFPI) has been upgraded from neutral to outperform, according to a Zacks analyst as published by Zolmax.com. Zacks says, “Universal Forest’s earnings more than doubled year over year to $0.71 per share in the third quarter 2013. Revenues grew 22% on the back of healthy performances at the five market segments. Going forward, management looks forward to improving its top-line growth by adding new customers and products to its portfolio. The recent hike of 5% in the annual dividend rate is consistent with the company’s policy of rewarding its shareholders. Also, expansion through development of industrial business, entry into markets without adding capacities and accretive acquisitions is being carried out. Addition of SE Panel assets in Nov 2013 will enable the company to gain easy access to concrete forming and construction industries of the southeastern region of the United States. Considering all these, we upgrade our recommendation on Universal Forest from Neutral to Outperform.” As MHProNews reported here Oct. 17, 2013 in its Q3 2013 financials, sales to the manufactured housing industry sector rose 12.3 percent over the same quarter last year to $100 million, accounting for 15 percent of gross revenues. The company is a component supplier to the manufactured housing industry. Wednesday, Oct. 23 shares of UFPI closed up +1.64% at 49.70.

(Image credit: Universal Forest Products, Inc.)

Lippert and AL-KO Wrangling over Patent and Personnel

September 30th, 2013 Comments off

A legal dispute between two Elkhart, Indiana-based recreational vehicle (RV) suppliers is ramping up after U. S. District Judge Jon DeGuilio ruled AL-KO’s non-compete agreement is too broad. In moving from AL-KO to Lippert Components, inc., Larry Revelino had already agreed with both companies not to give away his former employer’s trade secrets, but AL-KO sued to prevent him from hiring on with Lippert. The judge ordered him not to recruit any of his former employer’s workers, customers or suppliers, but ruled AL-KO cannot prevent Revelino from working at Lippert. Two others including Revelino, who were all working on an in-wall slide system, have left AL-KO for Lippert since June 2013. In July Lippert filed a patent infringement claim alleging AL-KO’s wall system violates three patents; AL-KO says the patents are not valid. Vice president of tactical projects at AL-KO, Revelino’s new job at Lippert is director of international business relations. While the case continues in court,  etruth.com reports Judge DeGuilio wrote: “AL-KO has provided no evidence that Mr. Revelino has actually disclosed any trade secrets at this time, however. As to threatened disclosures, Mr. Revelino has acknowledged that he is prohibited from disclosing any confidential and/or proprietary information, and defense counsel has represented that Mr. Revelino has signed an agreement with Lippert preventing him from disclosing any of AL-KO’s confidential information.” As MHProNews knows, Lippert, along with its sister company, Kinro Inc. are subsidiaries of Drew Industries (NYSE:DW), and provide the manufactured housing industry with components.

(Image credit: CNNMoney)

Drew Industries Director sells Shares

September 27th, 2013 Comments off

Director at Drew Industries, Inc. (NYSE:DW) Edward W. Rose III sold 110,590 shares at $44.05 per share for a total of $4,871,901, according to wallcheatsheat.com. Sept. 26 Drew closed up +1.82% at 44.76. As MHProNews knows Drew is a component supplier to the manufactured housing and recreational vehicle industries through its subsidiaries, Lippert Components, Inc.  and Kinro, Inc.

(Image credit: Drew Industries, Inc.)

Lippert Acquires 56 Acres for Future Expansion

September 19th, 2013 Comments off

MHProNews has learned Lippert components, Inc. (LCI) has purchased a 56-acre plot of land outside the Goshen, Indiana city corporate limit, but adjacent to the city corporate lines, for future company use. LCI is a component supplier to the the manufactured housing and RV industries, according to rvbusiness.com, as well as to the cargo/horse trailer industry. The company will be responsible for water and sewer hook-up fees as well as for inspections of those lines. The Goshen City Council approved a request for annexation. LCI, with its sister company Kinro, Inc., are subsidiaries of Drew Industries, Inc. (NYSE:DW).

Lippert Brings Wireless to Recreational Vehicle Leveling

July 25th, 2013 Comments off

Manufactured housing component supplier Lippert Components, Inc. of Elkhart, Ind. announces its patented Level Up automatic leveling system for recreational vehicles (RV) is now available using a wireless remote. Level Up will level an RV in under a minute, and it includes a feature that remembers the exact height at which the RV was unhitched. The remote allows the user to walk around the unit during leveling with the capability to stop it at any time. As watchlistnews reports, the remote can be added to an existing Level Up system. MHProNews knows Lippert, along with sister company Kinro, Inc., is a subsidiary of Drew Industries, Inc., a supplier of various components to the manufactured and modular housing industries.

(Photo credit: Wikipedia–manufactured housing chassis, one of Lippert’s products)

Drew Draws Top RV Industry Number

July 8th, 2013 Comments off

Drew Industries, Inc., (NYSE:DW) had one of the highest return on assets (ROA) of all the recreational vehicle (RV) stocks on the New York Stock Exchange (NYSE). The parent company of Lippert Components and Kinro Inc., Drew has a trailing-twelve-month ROA rate of 9.37 percent, behind Polaris Industries with 22.44 percent return on assets and Thor Industries with a 10.26 percent. According to Benzinga, Drew had $4.03 million in cash for the most recent quarter. As MHProNews, Drew is also a major component supplier to the manufactured housing industry.

(Image credit: Drew Industries, Inc.)

Manufactured Housing Component Supplier puts Project on Hold

June 19th, 2013 Comments off

As follow-up to a story MHProNews posted Feb. 27, 2013 concerning Universal Forest Products, Inc. (UFPI) taking over a former manufactured housing facility in Silverton, Ore., city officials now say UFPI has put those plans on hold. Silverton City Manager Bob Willoughby says the 126,000 square-foot building, once occupied by Redmond Homes, was set to combine UFPI’s operations in McMinnville and Woodburn, Ore. As statesmanjournal reports, the project has been delayed indefinitely, and calls to the company did not elicit a response. UFPI, a major component supplier to the manufactured housing industry, had filed an application with the town’s planning commission that would have created 100 jobs.

(Photo credit: Universal Forest Products, Inc.)

Formaldehyde Emissions Standards Proposed

June 11th, 2013 Comments off

The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews the Environmental Protection Agency (EPA) has issued two proposed rules regarding formaldehyde emissions from specific composite wood products, some of which are used in the production of  manufactured housing. The Formaldehyde Standards for Composite Wood Products Act of July 2010 directed the EPA to establish federal formaldehyde standards for hardwood plywood, particleboard, and medium-density fibreboard as well as methods of enforcing the rules. The standards are the same as those already adopted by the California Air Resources Board (CARB). Enforcement of the new federal standards at the component supplier level would begin one year following publication of the final rule in the Federal Register.

(Photo credit: Fotosearch–pressed particleboard)