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May 17, 2022 / The Right News Right When It Happens

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Home Depot's Q1 Sales Hit Record High of $38.9B, Earnings Up 2.4%

Atlanta, GA, May 17, 2022—The Home Depot reported sales of $38.9 billion for Q1 2022, an increase of 3.8% from Q1 2021’s $37.5 billion.

Today's Flooring News

BASF Announces 4th Caprolactam & PA6 Price Increase of 2022

Wyandotte, MI, May 17, 2022—Effective June 1, or as contracts allow, BASF will increase prices for caprolactam and polyamide 6 (PA6) by $0.10 per pound in North America.

Armstrong Secures $24M Loan to Finance Operations Amid Reorganization

Lancaster, PA, May 17, 2022-Armstrong Flooring Inc. has secured $24 million in loans that will keep it operating as it reorganizes and pursues a sale of its assets, the company’s attorneys told a Delaware bankruptcy judge Monday, reports Lancaster Online.

Starnet Names 2022 Design Award Winners

Columbus, OH, May 17, 2022-Starnet Commercial Flooring reveals the 2022 Starnet Design Awards Grand Prize Winner.

April Retail Sales Rose 0.9% from March and 8.2% YOY

Washington, DC, May 17, 2022-Advance estimates of U.S. retail and food services sales for April 2022 were $677.7 billion, an increase of 0.9% from the previous month and 8.2% above April 2021, according to the U.S. Census Bureau.

Builder Confidence Declined in May for Fifth Straight Month

Washington, DC, May 17, 2022—Builder confidence in the market for newly built single-family homes fell eight points to 69 in May, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

Disturb. Trade Sales & Manu. Shipments Rose 1.8% in March

Washington, DC, May 17, 2022—The combined value of distributive trade sales and manufacturers’ shipments for March was estimated at $1,832.1 billion, up 1.8% from February 2022 and was up 14.1% from March 2021, according to the U.S. Census Bureau.

Industrial Production Rose 1.1% in April

Washington, DC, May 17, 2022—In April, total industrial production increased 1.1%—the fourth consecutive month of gains of 0.8% or greater—and manufacturing output rose 0.8%, according to the Federal Reserve.

Shaw Announces 2022 Associate Dependent Scholarship Recipients

Dalton, GA, May 17, 2022—Shaw Industries has announced the recipients of its 2022 Associate Dependent Scholarship.

Mobile Marketing & RFMS Integrate Offerings

Tuscaloosa, AL, May 17, 2022—Mobile Marketing and RFMS clients will now have the benefit of the parties integrating to create a seamless experience between web and marketing services and their business management software.