Cornerstone Building Brands, Inc., together with its subsidiaries, designs, engineers, manufactures, markets, and installs external building products for the commercial, residential, and repair and remodel markets in the United States, Canada, Mexico, and internationally. The company operates through three segments: Windows, Siding, and Commercial. Its Windows segment provides vinyl, aluminum, wood, and aluminum clad-wood windows and patio doors; and steel, wood, and fiberglass entry doors under the Ply Gem, Simonton, Atrium, American Craftsman, Silver Line, Great Lakes Window, and North Star brands. The company's Siding segment offers vinyl siding and skirting, composite siding, steel siding, vinyl and aluminum soffit, aluminum trim coil, aluminum gutter coil, fabricated aluminum gutter protection, PVC trim and moldings, and window and door trim products, as well as injection molded accents, such as shakes, shingles, shutters and vents, vinyl fencing and railing, and stone veneer. Its Commercial segment designs, engineers, manufactures, and distributes a range of metal products, such as metal building systems, metal roofing and wall systems, insulated metal panels, steel curtain roll-up and self-storage doors, and coil coatings. The company was formerly known as NCI Building Systems, Inc. and changed its name to Cornerstone Building Brands, Inc. in May 2019. Cornerstone Building Brands, Inc. was founded in 1984 and is headquartered in Cary, North Carolina.
IPO Year: 2017
Exchange: NYSE
Website: cornerstonebuildingbrands.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/15/2022 | $23.00 → $24.65 | Buy → Neutral | DA Davidson |
| 2/14/2022 | Buy → Neutral | Sidoti | |
| 1/26/2022 | $168.00 → $180.00 | Market Perform → Outperform | Raymond James |
| 11/16/2021 | $177.00 | Neutral | Atlantic Equities |
| 9/20/2021 | $165.00 → $175.00 | Hold → Buy | TD Securities |
| 9/20/2021 | $147.00 → $160.00 | Sector Outperform | Scotiabank |
| 9/17/2021 | $139.00 → $168.00 | Sector Perform → Outperform | RBC Capital |
DA Davidson downgraded Cornerstone Building from Buy to Neutral and set a new price target of $24.65 from $23.00 previously
Sidoti downgraded Cornerstone Building Brands from Buy to Neutral
Raymond James upgraded Canadian National Railway from Market Perform to Outperform and set a new price target of $180.00 from $168.00 previously
Atlantic Equities initiated coverage of Canadian National Railway with a rating of Neutral and set a new price target of $177.00
TD Securities upgraded Canadian National Railway from Hold to Buy and set a new price target of $175.00 from $165.00 previously
Scotiabank reiterated coverage of Canadian National Railway with a rating of Sector Outperform and set a new price target of $160.00 from $147.00 previously
RBC Capital upgraded Canadian National Railway from Sector Perform to Outperform and set a new price target of $168.00 from $139.00 previously
Barclays reiterated coverage of Cornerstone Building with a rating of Equal-Weight and set a new price target of $21.00 from $15.00 previously
UBS upgraded Canadian National Railway from Neutral to Buy and set a new price target of $162.00 from $141.00 previously
DA Davidson upgraded Cornerstone Building from Neutral to Buy and set a new price target of $18.00 from $14.00 previously
CANONSBURG, Pa., Jan. 16, 2025 /PRNewswire/ -- Core Natural Resources, Inc. (NYSE:CNR) today announced that it was taking steps to temporarily seal the Leer South mine's active longwall panel in order to extinguish isolated combustion-related activity there. Based on its collaborative, ongoing discussions with regulatory authorities, Core believes Leer South will be able to resume development work with continuous miners within the next three months, and to resume longwall mining mid-year. "On behalf of the Core management team, I want to commend Leer South personnel for their
Cornerstone Building Brands, Inc. (NYSE:CNR) (the "Company"), the largest manufacturer of exterior building products in North America, today announced that Melissa Jones has joined the Company as President, U.S. Siding. In her role, Ms. Jones will lead the Company's U.S. residential siding and fence and rail business. She will assume the role effective July 1, 2022 and report directly to President and Chief Executive Officer Rose Lee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220630005871/en/Melissa Jones (pictured) joins Cornerstone Building Brands as President, U.S. Siding. (Photo: Business Wire) Ms. Jones has more than 20
Cornerstone Building Brands, Inc. (NYSE:CNR) (the "Company"), the largest manufacturer of exterior building products in North America, completed the previously announced sale of its coil coatings business to BlueScope Steel Limited ("BlueScope") in an all-cash transaction for $500 million, subject to customary adjustments. The transaction includes products sold under the Metal Coaters and Metal Prep brands. This strategic transaction positions the Company for further growth in large, deep markets and strengthens its financial flexibility. We continually evaluate our portfolio, taking actions that will result in a more focused and simplified portfolio, which we believe will enhance Cornerst
Posted record first-quarter net sales of $1,567 million, growth of 23.7 percent from the same quarter last year Generated earnings of $0.79 per diluted common share; $0.66 adjusted net income per diluted common share Improved net operating cash flow to $190 million and net debt leverage to 3.3x Announced divestiture of coil coatings business for $500 million Cornerstone Building Brands, Inc. (NYSE:CNR) ("Cornerstone Building Brands" or the "Company"), the largest manufacturer of exterior building products in North America, today reported strong financial results for the first quarter of 2022. First-Quarter 2022 Financial Highlights Net sales for the first quarter were $1,566.8
Cornerstone Building Brands, Inc. (NYSE:CNR), the largest manufacturer of exterior building products in North America, is proud to announce that Sandy East, Vice President–Customer Service, has been selected to receive a 2022 STEP Ahead Award, becoming the third Cornerstone Building Brands leader to be recognized with this honor since 2020. A hallmark of the STEP Women's Initiative, the annual STEP Ahead Awards program acknowledges the achievements of exceptional women in manufacturing who demonstrate leadership in their organizations and the industry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220428006245/en/Sandy East, Vic
Cornerstone Building Brands, Inc. (NYSE:CNR), the largest manufacturer of exterior building products in North America, is proud to announce Rose Lee, President and CEO, has been named Vice Chair of the Manufacturing Institute's STEP (Science, Technology, Engineering and Production) Women's Initiative for 2022 and will serve as Chair for the Initiative in 2023. The STEP Women's Initiative is focused on closing the gender gap in manufacturing and fostering a 21st-century manufacturing workforce. To shrink the gender gap and increase innovation, the initiative empowers and inspires women in manufacturing through recognition, research, leadership and mentoring. In her role as Vice Chair, Lee w
Cornerstone Building Brands, Inc. (NYSE:CNR) (the "Company"), the largest manufacturer of exterior building products in North America, today released its inaugural Environmental, Social, and Governance (ESG) report. The report details the Company's focus on material topics important to stakeholders, including Cornerstone Building Brands' commitment to producing sustainable and energy-efficient products, ensuring the safety and wellbeing of our employees, advancing diversity, equity and inclusion, and giving back to our communities through product donations and volunteer work, among others. "Sharing progress towards our ESG objectives while outlining our future aspirations informs our stake
Cornerstone Building Brands, Inc. (NYSE:CNR), the largest manufacturer of exterior building products in North America, will release its first-quarter 2022 financial results on Tuesday, May 3, after the market closes on the New York Stock Exchange. The financial results will be available online at investors.cornerstonebuildingbrands.com. About Cornerstone Building Brands Cornerstone Building Brands is the largest manufacturer of exterior building products for residential and low-rise non-residential buildings in North America. Headquartered in Cary, N.C., we serve residential and commercial customers across the new construction and repair and remodel markets. Our market-leading portfolio
Cornerstone Building Brands, Inc. (NYSE:CNR) ("Cornerstone Building Brands" or the "Company"), the largest manufacturer of exterior building products in North America, announced today that it has entered into a definitive agreement to sell its coil coatings business to BlueScope Steel Limited ("BlueScope") in an all-cash transaction for $500 million, subject to customary adjustments. The transaction includes products sold under the Metal Coaters and Metal Prep brands. In connection with the transaction, BlueScope and the Company will enter into long-term supply agreements to secure continued supply of light gauge coil coating and painted hot roll steel at favorable service levels, reaffirm
Cornerstone Building Brands, Inc. (NYSE:CNR) (the "Company"), sadly announced today that Art Steinhafel, President of U.S. Windows and Doors, passed away suddenly on April 3, 2022. He was 53 years old. "It is with great sadness that we announce today the passing of our colleague Art Steinhafel," said Cornerstone Building Brands President and CEO Rose Lee. "As President of U.S. Windows and Doors, Art's accomplishments were many. More importantly though, were the many people and lives he touched, the careers he helped shape and the customers he was so committed to serving. He will be missed tremendously. On behalf of our executive management team and employees, we mourn his loss and extend o
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4 - Cornerstone Building Brands, Inc. (0000883902) (Issuer)
4 - Cornerstone Building Brands, Inc. (0000883902) (Issuer)
4 - Cornerstone Building Brands, Inc. (0000883902) (Issuer)
4 - Cornerstone Building Brands, Inc. (0000883902) (Issuer)
4 - Cornerstone Building Brands, Inc. (0000883902) (Issuer)
4 - Cornerstone Building Brands, Inc. (0000883902) (Issuer)
4 - Cornerstone Building Brands, Inc. (0000883902) (Issuer)
4 - Cornerstone Building Brands, Inc. (0000883902) (Issuer)
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8-K - Cornerstone Building Brands, Inc. (0000883902) (Filer)
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EFFECT - Cornerstone Building Brands, Inc. (0000883902) (Filer)
Posted fourth-quarter and full-year net sales growth of 23.5% and 20.9% over the prior year, respectively Generated full-year earnings of $5.19 per diluted common share; $2.10 adjusted earnings per diluted common share Reported net debt leverage of 3.7x, 1.2x lower than the prior year Completed acquisition of Union Corrugating Company; expands metal roof offering to the residential market Cornerstone Building Brands, Inc. (NYSE:CNR) (the "Company"), the largest manufacturer of exterior building products in North America, today reported fourth-quarter 2021 net sales of $1,471.6 million and net income of $38.1 million or twenty-nine cents per diluted share. This compares with net sal
Cornerstone Building Brands, Inc. (NYSE:CNR), the largest manufacturer of exterior building products in North America, today announced that it has rescheduled its release of 2021 fourth-quarter financial results from Monday, February 21, 2022, to Tuesday, March 1, 2022, when it plans to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2021. Additionally, following the Company's announcement on February 14, 2022, of its receipt of a non-binding last and final proposal from funds affiliated with Clayton, Dublier & Rice, LLC ("CD&R) to acquire all of the Company's outstanding shares of common stock that CD&R does not already own for $24.65 in cash per share, the Comp
Cornerstone Building Brands, Inc. (NYSE:CNR), the largest manufacturer of exterior building products in North America, will release its 2021 fourth-quarter financial results on Monday, February 21, after the market closes on the New York Stock Exchange. The company will host a conference call at 9:00 a.m. EST on Tuesday, February 22, to discuss its fourth-quarter financial performance with investors and securities analysts. The financial results and supplemental information will be available online at investors.cornerstonebuildingbrands.com. To register, please use the link: http://www.directeventreg.com/registration/event/5885919 After registering, an email confirmation with dial-in det
Cornerstone Building Brands, Inc. (NYSE:CNR) (the "Company"), the largest manufacturer of exterior building products in North America, today announced that it had completed the acquisition of Union Corrugating Company Holdings, Inc. ("UCC"), a leading provider of metal roofing, roofing components, and accessories. "We are excited to welcome our UCC colleagues to the Cornerstone Building Brands family," said Rose Lee, President and Chief Executive Officer. "With the addition of UCC, we are expanding our solutions offerings to customers in the growing residential metal roofing market and are positioned to realize greater manufacturing economies of scale." The transaction was funded with cas
Cornerstone Building Brands, Inc. (NYSE:CNR), the largest manufacturer of exterior building products in North America, will release its 2021 third-quarter financial results on Tuesday, November 9, after the market closes on the New York Stock Exchange. The company will host a conference call at 9:00 a.m. EST on Wednesday, November 10, to discuss its third-quarter financial performance with investors and securities analysts. The financial results and supplemental information will be available online at investors.cornerstonebuildingbrands.com. To register, please use the link http://www.directeventreg.com/registration/event/4490324 After registering, an email confirmation with dial-in deta
Anticipates strong demand across all businesses in the second half of 2021 Maintains favorable longer-term market outlook to benefit the Company Reiterates commitment towards net debt leverage target of 2.0x to 2.5x Cornerstone Building Brands, Inc. (NYSE:CNR) (the "Company"), the largest manufacturer of exterior building products in North America, announced today that Jeff Lee, Executive Vice President and Chief Financial Officer, discussed its recent business performance in a fireside chat at the Barclays Building & Building Products Virtual Conference. "Customer demand remains strong across all businesses, and we expect the underlying favorable drivers for the construction market
Cornerstone Building Brands, Inc. (NYSE:CNR) (the "Company"), the largest manufacturer of exterior building products in North America, today announced that Melissa Jones has joined the Company as President, U.S. Siding. In her role, Ms. Jones will lead the Company's U.S. residential siding and fence and rail business. She will assume the role effective July 1, 2022 and report directly to President and Chief Executive Officer Rose Lee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220630005871/en/Melissa Jones (pictured) joins Cornerstone Building Brands as President, U.S. Siding. (Photo: Business Wire) Ms. Jones has more than 20
Cornerstone Building Brands, Inc. (NYSE:CNR), the largest manufacturer of exterior building products in North America, announced today that Judith Reinsdorf has been appointed as an independent member of its board of directors, effective August 19, 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210819005774/en/Judith Reinsdorf, appointed an independent member of Cornerstone Building Brands Board of Directors (Photo: Business Wire) Ms. Reinsdorf has extensive experience in executive roles across multiple industries. She most recently served as Executive Vice President and General Counsel of Johnson Controls International, a
James S. Metcalf announces retirement, transitions to the role of Executive Chairman Rose Lee appointed President and Chief Executive Officer effective September 6, 2021 Cornerstone Building Brands, Inc. (NYSE:CNR) (the "Company"), the largest manufacturer of exterior building products in North America, today announced that James S. Metcalf will retire as chief executive officer (CEO), effective September 6, 2021. As part of the leadership transition, Mr. Metcalf will continue in the role of executive chairman of the board through March 31, 2022. Rose Lee will succeed Mr. Metcalf as president and CEO and will join the board as a director of the Company. This press release features mul