Content about Buybacks

May 20, 2014

A new class action suit against Ply Gem Holdings is charging the exterior building products manufacturer with misrepresenting its financial performance.

Robbins Geller Rudman & Dowd LLP announced the suit on Monday, which is being filed on behalf of an institutional investor in the United States District Court for the Southern District of New York on behalf of purchasers of Ply Gem shares related to its May 22, 2013 IPO.

March 13, 2014

Williams-Sonoma reported net revenues increased to $1.5 billion in the fourth quarter ended Feb. 2 from $1.4 billion in the prior-year quarter. This year’s fourth quarter had just 13 weeks compared with last year’s fourth quarter, which had 14; excluding the additional week in the prior-year quarter, net revenues grew 10%.

Net earnings totaled $133.8 million, up from $133.7 million in the prior-year fourth quarter.

September 3, 2013

Window-treatment maker Hunter Douglas launched a 'Tis the Season for Style event encouraging consumers to make their homes more beautiful -- plus safer for children and pets -- during the fall selling season.

The event provides mail-in rebates on some Hunter Douglas window fashions and, in recognition of October’s Window Covering Safety Month, free upgrades to the LiteRise cordless lifting system on select styles.  

September 3, 2013

Rye, N.Y.-based consumer products company Jarden Corp. announced Tuesday that it has entered into a definitive purchase agreement to acquire Yankee Candle Investments LLC for about $1.75 billion in cash.

According to Jarden, the transaction will extend Jarden’s portfolio of consumer brands in niche, seasonal staple categories, while creating opportunities in cross-selling, broadening the global distribution platform, and deepening Jarden’s talent bench.

July 29, 2013

For the second time this year, Caterpillar Inc. is initiating a $1 billion accelerated stock repurchase program, this time with Societe Generale.

The construction equipment giant is set to repurchase $1 billion of its common stock, with an immediate delivery of about 11 million shares based on current market prices.

July 29, 2013

TTI Floor Care and Tom Oreck announced that they are close to an agreement for the purchase of an unspecified number of Oreck retail stores by Tom Oreck, the son of Oreck vacuum cleaner brand founder David Oreck.

TTI assumed ownership of the stores as part of the post-bankruptcy asset purchase agreement for the Oreck Corporation, which has been finalized.

July 15, 2013

Jewett-Cameron Trading Co. CEO Don Boone said a shift to e-commerce resulted in lower costs and higher margins for the company during its third quarter ended May 31.

Overall, third quarter sales were $15.1 million, down from $16.1 million a year ago. The company reported net income of $1.02 million, up from $937,000 a year ago.

Sales for the nine months were at $38.6 million, up from $35.1million a year prior. Net income for the nine months was $2.3 million, about the same as a year ago.

Boone added that the company implemented a new share repurchase plan.

October 9, 2012

Stanley Black & Decker agreed to sell its Hardware & Home Improvement Group (HHI) to Sectrum Brands Holdings for $1.4 billion in cash.

Part of Stanley's Security segment, the HHI division makes residential locksets, builders hardware and plumbing fixtures under the brands of Kwikset, Weiser, Baldwin, Stanley, National and Pfister. HHI had 2011 revenues of $940 million. 

April 10, 2012

Valspar Paint has announced a replacement guarantee for Lowe’s customers who buy a gallon of paint and are simply dissatisfied with the color. From now until Oct. 8, 2012, Valspar is offering a free replacement color to anyone who does not “absolutely love” their first color choice. The Love Your Color Guarantee applies only to purchases of Valspar Signature Colors Interior Paint at Lowe's, and will be issued through a rebate for up to two gallons of a replacement Valspar paint color.

March 1, 2012

Boise, Idaho-based Boise posted fourth-quarter sales of $600.4 million, up 14.6% from $524.1 million in the same quarter of 2010.

"The past year was our most successful year since our inception four years ago," said Alexander Toeldte, president and CEO of Boise. "Our EBITDA excluding special items was a record $340 million, we generated $121 million in free cash flow, and returned $169 million of capital to our shareholders through share repurchases and dividends."

January 30, 2012

Plum Creek Timber Co. has announced revenues of $315 million for its fourth quarter, an 11.5% decrease over revenues of $356 million for the same quarter of 2010. Net earnings for the quarter, which ended Dec. 31, 2010, were $61 million, compared to $59 million a year old.

In year-end figures, Plum Creek reported revenues of $1.16 billion for fiscal 2011, a 2.5% decrease over $1.19 billion in 2010. Net income for the Seattle-based company was $193 million, compared to $213 million for fiscal 2010.

July 28, 2011

Pulte Group, one of the nation’s largest home builders, reported a net loss of $55 million for its second fiscal quarter, which ended on June 30. This compares with a net income of $76 million in the same quarter a year ago. 

Pulte’s second-quarter results included $41 million of land, mortgage, organizational restructuring and debt repurchase charges. Prior-year results included $48 million of the same costs, offset by a net benefit from income taxes of $82 million.

May 3, 2011

While posting strong second-quarter results, Marysville, Ohio-based Scotts Miracle-Gro is hoping for more cooperative weather. 

Scotts posted net sales of $1.13 billion for the quarter ended April 2, up 8% from the same quarter last year. Net income increased 50% to $177.6 million.

For the quarter, company-wide adjusted gross margin rate increased 41.1% compared with 39.6% a year earlier. The improvement was due to the benefit of lower commodity costs, as well as supply chain efficiencies and a favorable product mix.

March 28, 2011

A "stabilized business" has paved the way for an accelerated stock buy-back program at Atlanta-based The Home Depot. 

The home improvement giant announced the pricing of a $2 billion senior note issuance to refinance $1 billion of senior notes that came due in March 2011 and to repurchase $1 billion of outstanding shares through an accelerated share repurchase program with Barclays Capital. 

January 17, 2011

North Plains, Ore.-based LBM distributor Jewett-Cameron Trading Company Ltd. authorized a share repurchase plan to purchase for cancellation up to 350,000 common shares through facilities of the NASDAQ Stock. This amount represents approximately 17% of the approximately 2.0 million common shares outstanding.  During 2010, the Company repurchased 376,112 shares under a prior formal plan of repurchase, the company said.

December 23, 2010

Union, N.J.-based Bed Bath & Beyond posted third-quarter earnings of $188.6 million, up 24.6% from $151.3 million in the same quarter last year.

Sales in the three months ended Nov. 27 increased 11.1% to $2.19 billion, up from $1.98 billion last year. Comparable-store sales for the quarter increased by 7.0%.

September 29, 2010

Bentonville, Ark.-based Walmart announced its board of directors has elected Charles Holley, 54, as chief...

September 5, 2010

A family feud over the ownership and control of Harbor Freight Tools, the multichannel discount...

September 5, 2010

The Home Depot and Lowe’s managed to post comparable-store sales gains and better profits for...

December 30, 2008

BlueLinx announces share repurchase program...

October 5, 2008

When asked to explain the advantages of a store being owned by its employees, Doug...

May 1, 2008

Home Depot will close 15 underperforming stores, the company has announced, and remove 50 future...

February 18, 2008

The company reported net income for its fourth quarter ended Jan. 31, 2008, at $4.1...

January 2, 2008

Lifetime Brands paid $21.9 million for the stake, with the option to fully acquire Mexico’s...

December 18, 2007

The transaction is valued at $10.1 billion, including fees and the assumption of approximately $150...