CNR - CNR STOCK NEWS

Cornerstone Building Brands, Inc. (NYSE: CNR) has rescheduled its 2021 fourth-quarter financial results release from February 21, 2022, to March 1, 2022. This announcement coincides with the filing of its Annual Report on Form 10-K for the fiscal year ending December 31, 2021. Additionally, following a non-binding acquisition proposal from Clayton, Dubilier & Rice, the company has canceled its conference call that was scheduled for February 22, 2022.

Cornerstone Building Brands (NYSE: CNR) has received a non-binding acquisition proposal from Clayton, Dubilier & Rice (CD&R) offering $24.65 per share for all outstanding shares not owned by CD&R, which currently holds about 49%. The company formed a Special Committee to review this and any competing proposals. No definitive agreement is guaranteed, and trading in the stock should proceed with caution. A detailed proposal letter was filed with the SEC on February 13, 2022.

Cornerstone Building Brands (NYSE: CNR), North America's largest manufacturer of exterior building products, will report its Q4 2021 financial results on February 21, 2022, after market close. A conference call is scheduled for February 22, 2022, at 9:00 a.m. EST to discuss the results. Investors can access the financial results and participate in the call through their investor relations website. Replay options will be available until March 8, 2022. The company emphasizes its commitment to sustainability and ESG practices in its corporate culture.

Cornerstone Building Brands, Inc. (NYSE: CNR) has successfully acquired Union Corrugating Company Holdings, Inc. (UCC), enhancing its position in the metal roofing market. This acquisition aims to broaden the solutions available to customers, particularly in the growing residential metal roofing sector, allowing for increased manufacturing economies of scale. The transaction was financed using cash on hand, and UCC's financial performance will be integrated into Cornerstone's Commercial business segment.

Cornerstone Building Brands (NYSE: CNR) has appointed Jason Flack as President of the Stone Solutions business unit effective December 1, 2021. Flack brings over 20 years of experience from leading sales organizations in building materials and automotive sectors, including his previous role at Firestone Building Products. Under the leadership of Rose Lee, the CEO, the company aims to enhance customer partnerships and growth in the exterior building solutions market.

Cornerstone Building Brands (CNR) reported a strong third-quarter 2021 with net sales of $1.44 billion, reflecting 18% growth compared to last year. Earnings reached $4.82 per diluted share, though adjusted net income decreased by 32.1% to $0.39 per diluted share. The company has agreed to acquire Union Corrugating Company to enhance its residential metal roofing portfolio. Net debt leverage improved to 3.7x, down 1.2x from the previous year, with a projected sales range of $1.425 billion to $1.475 billion for the fourth quarter.

Cornerstone Building Brands (NYSE: CNR), the largest exterior building products manufacturer in North America, is set to announce its third-quarter financial results on November 9, 2021, post-market close. A follow-up conference call will occur on November 10, 2021, at 9:00 a.m. EST, to discuss these results with investors. Supplemental financial data will be accessible online. The earnings call registration link is provided, and a replay will be available until November 23, 2021. For more details, visit their investor relations page.

Cornerstone Building Brands, Inc. (NYSE: CNR) will host National Manufacturing Day events throughout October 2021 to highlight the significance of U.S. manufacturing and career opportunities in the field. The events, including in-person and virtual tours, will take place at multiple facilities across the country, starting October 1 in Martinsburg, W.Va. and concluding October 28 in Houston, Texas. With a pressing need for skilled workers—four million jobs expected by 2030—these initiatives aim to address workforce challenges exacerbated by the COVID-19 pandemic.

Cornerstone Building Brands (NYSE: CNR) announced the appointment of Brigette Gage as Senior Vice President, Supply Chain, and Keith Scherzer as Senior Vice President, Operations for the U.S. Windows Group. Gage brings 25 years of experience from her prior role at Baker Hughes, focusing on supply chain leadership and strategic roadmap implementation. Scherzer, with nearly 30 years of manufacturing experience, will oversee U.S. Windows operations, driving quality and supply chain optimization. These additions aim to enhance operational efficiency and strengthen the company's market position.