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Labor productivity is the central economic engine that drives profitability for labor-intensive, self-performing contractors. FMI’s 2023 Labor Productivity Study found that contractors experienced approximately $30 billion to $40 billion in lost profits due to labor inefficiencies in 2022.

GMS Inc. announced May 1 the continuing execution of its strategic growth priorities with the acquisition of a single-location distributor of building products in Southern California.

The Power Tool Institute has released a new video demonstrating how to properly handle a battery that’s in thermal runaway.

L&W Supply has announced the induction of 26 branch managers into its Managing Partner Program. The designation is the highest level of achievement among the company’s branch managers and places them in a distinguished position of leadership at L&W Supply.

Construction input prices decreased by 0.9 percent in May compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released on June 13.

Workplace retention and employee satisfaction go hand in hand, with 77 percent of workers more likely to stay with an employer if they were satisfied with the company’s organizational culture.

Simpson Strong-Tie has joined the Board of Directors of the ACE Mentor Program to promote construction trade careers to high school students across the U.S. The partnership includes a $50,000 donation to ACE and the addition of Simpson Strong-Tie Vice President Annie Kao to the ACE national Board of Directors.

L&W Supply has opened up a new location in Jacksonville, North Carolina. Thomas Hightower will manage the new branch.

KYOCERA SENCO Industrial Tools, Inc. announced the promotion of Tom Hodson to the role of Vice President of Marketing and Sales, effective in June. In this position, Hodson will lead the continued development and execution of SENCO’s marketing, communications and sales growth strategies.

This year marks Nu-Wool Co., Inc.’s 75th year in business. Nu-Wool remains a family-owned business and is the longest-running cellulose manufacturer in the U.S.