Companies investing again as market begins to pick up speed
September 27, 2013
Every year, GlassBuild America: The Glass, Window & Door Expo provides an opportunity to gauge the state of the industry in terms of investment and product development activity, business conditions within the supply chain, and overall economic health. This year was no different, with more than 6,200 attendees and 360 exhibitors taking the show floor, September 10-12, in Atlanta. Reflecting a...
A glass company’s story of survival—and success—post-recession
July 15, 2013
During a meeting of California glazing contractors this June, Dan Hope, president of Santa Barbara Glass Co., joked with other executives about trying to describe the “good ‘ole days” to young employees. The good ‘ole days they were referring to were those pre-Great Recession days, when backlogs were strong, the new construction and remodeling markets were booming, profit margins were reasonable...
July 15, 2013
When commercial construction starts plummeted in 2009, the cover of the Glass Magazine forecast issue read: “We’ll use adversity to our advantage.” Four years later, that prediction is coming true, as glass and glazing companies emerge from what many describe as the worst economic crisis since the Great Depression. It has been a difficult stretch for all of us. And while we still have a long way...
How to value your glass business
March 22, 2013
Independent of the economic environment, operators and shareholders of glass companies―from retailers to distributors, and contract glaziers to fabricators―need to think about value-creating strategies to manage through the business cycles and grow. Let’s start with how to think about valuation. The ﬁrst step in valuation is determining what you are valuing and why. Are you valuing the equity or...
May 26, 2009
Brace yourselves for a bumpy ride. Throughout 2009, the value of total construction starts--residential, nonresidential and non-building--is expected to decline 11 percent, and commercial construction starts are projected to fall 21 percent, according to McGraw-Hill Construction Research & Analytics, Construction Outlook Overview, released in January 2009. In addition, the value of the...
What effect has the credit crunch had on your company and/or customers?
September 12, 2008
CommercialMichael Haber, managing partnerW&W Glass, Nanuet, N.Y.The current credit crisis is having a profound effect on our business on several fronts. One of the first things that we have experienced is the difficulty in getting paid in a timely manner due to the extensive reporting requirements requested from the various lending institutions. We have also seen several projects put on hold...
July 22, 2008
Material price escalation is a business risk faced by all contractors. Given current economic circumstances, this risk is roaring back into prominence with double-digit annual rates of price increases for many types of construction materials.
Survey reveals similar trends in auto and architectural glazing
May 1, 2007
Few corporations are able to sustain competitiveness without investing in equipment and tools to help them achieve their goals, and glass companies are no different. National Glass Association members participating in the 2006 NGA Competitiveness Survey report that they invested a median 5 percent—average 14.7 percent—in capital equipment and median 2 percent—average 3.7 percent...
April 1, 2006
Maintaining cash flow remains one of the most common challenges glass company managers face. Everyone, from manufacturers to glazing subcontractors, distributors to builders, and retailers to suppliers, is subject to the same type of progress payments that characterize nearly every sector of the construction field. Contractors and subcontractors usually receive payments 30, 60 or 90 days into the...