Companies that Could Benefit from Global Zero Waste Programs August 29, 2022 - Baystreet.ca Around the world, leaders are working towards zero waste. In parts of the United States, zero waste programs are being set up to phase out waste entirely. Even Metro Vancouver has a goal of zero waste by 2040. In fact, according to Vancouver.ca, “As a city we've committed to conserve resources, prevent waste of all types, including wasted food at all points between farm and table, compost inedible food or convert it into fuel, repair and maintain products and materials to extend their lives, and share, reuse, and refurbish products and materials before recycling them.” All could be beneficial for companies that deal with recyclable material, such as asphalt shingles, like Northstar Clean Technologies (TSXV: ROOF) (OTCQB: ROOOF). Other shingles stocks to be aware of in the market include Owens Corning (NYSE: OC), Builders FirstSource Inc. (NYSE: BLDR), Beacon Roofing Supply Inc. (NASDAQ: BECN), and Home Depot Inc. (NYSE: HD). Look at Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) For Example Northstar Clean Technologies Inc. provided an update on operations at its asphalt shingle reprocessing facility in Delta, BC, and other corporate initiatives. The Company continues to focus its efforts on ramping up from steady state production to commercial production at the Empower Pilot Facility. Empower Pilot Facility The Company continues to operate in steady state production at the Empower Pilot Facility, reprocessing feedstock of asphalt shingles into liquid asphalt, aggregate and fibre. The amount of shingle feedstock processed has been steadily increasing and the Company expects to achieve production in the range of 50 to 75 tonnes per day by the end of Q4 2022. Steady state production has given the Company an opportunity to make operational strides in three main areas:1) Identifying Key Areas of Improvement: The lessons learned while operating the production process from input to output has enabled the Company to identify key areas of improvement in equipment performance, operating philosophy, process integration, and critical uptime and reliability criteria.2) Feedback from Product Specification Analysis: As previously announced, the Company has developed the internal capability for product testing, has carried out testing through third party laboratories and has worked extensively with potential customers in the paving, shingle manufacturing, and roofing system manufacturing sectors to carry out product analysis. This feedback has contributed to performance improvements at the Empower Pilot Facility that the Company plans to incorporate into the design of its planned Calgary scale up facility.3) Engineering Development Work: The Company has continued the engineering design work on key elements of the Empower Calgary Facility with long lead manufacturing partners. Their feedback is now being incorporated into the equipment, operating philosophy and processing integration of the Empower Pilot Facility. The Company recently completed its first major shutdown with a second shutdown planned in Q4 2022. Among other reasons, a shutdown allows the Company to implement the lessons described above through process changes and adding or enhancing equipment to improve production and operating philosophy. The Company expects to increase production levels to a range of 50 to 75 tonnes per day following the next major shutdown. Mr. Aidan Mills, President & CEO of Northstar, stated, “We are very happy with the progress we have made at the Empower Pilot Facility and the three key areas of feedback we have received. Only by operating our Empower Pilot Facility from the front-end to the back-end can we learn how to operate our facilities to reach their maximum potential. This is critical for both the Empower Pilot Facility and the Empower Calgary Facility. We have enjoyed ongoing research & development support from major international conglomerates and we believe that this support demonstrates interest in our proprietary process and because this R&D support comes from the paving, shingle manufacturing, and flat roofing manufacturing sectors, it validates our assumption of the wide applicability of our products. Lastly, as we work with key industry partners involved in certain steps of our process, their feedback has been equally as applicable to the Empower Pilot Facility as to the Empower Calgary Facility. In turn, we have applied that feedback immediately when practicable or will wait until the next major shutdown.” Empower Calgary Facility Given the process improvements at the Empower Pilot Facility, the Company has decided to move the commencement of detailed design engineering for the Empower Calgary Facility to Q1 2023. The Company believes that this will allow for more time to incorporate lessons learned from the Empower Pilot Facility into the detailed design for the Empower Calgary Facility. Other related developments from around the markets include: Owens Corning, a global building and construction materials leader, reported second-quarter 2022 results. “Owens Corning delivered another outstanding quarter while advancing our enterprise strategy which accelerates our growth, strengthens our earnings power, and creates additional value for our shareholders. Our global teams continue to execute at a high level as we make strategic investments to expand our total addressable markets and enhance our market-leading positions,” said Chair and Chief Executive Officer Brian Chambers. “For the second half of the year, we remain focused on delivering strong financial results and positioning the company for long-term success.” Builders FirstSource Inc. reported its results for the second quarter ended June 30, 2022. “During the second quarter, we remained focused on executing our strategy, accelerating value-added product sales and expanding customer solutions, resulting in another quarter of record revenue and EBITDA performance despite the dynamic environment and challenging year-over-year comparisons,” commented Dave Flitman, President and CEO of Builders FirstSource. “We increased sales by 24%, including nearly 32% organic growth in our higher margin value-added products, and increased Adjusted EBITDA by 80%. These outstanding achievements are a direct result of having strong alignment around a clear execution roadmap, the hard work and dedication of our approximately 30,000 team members and their commitment to provide outstanding service to our customers." Beacon Roofing Supply Inc. announced results for the second quarter ended June 30, 2022. “Beacon’s second quarter results are outstanding, with record setting top-line and bottom-line performance,” said Julian Francis, Beacon's President & CEO. “Our team’s commitment to best-in-class service combined with solid end market demand and margin enhancing initiatives delivered the 10th straight quarter of year-over-year increases in Adjusted EBITDA. In a challenging inflationary environment, we achieved the highest profits and margin in our history. We made strategic investments in key markets, expanding both our branch footprint and our delivery capacity towards achieving our Ambition 2025 growth targets. We also initiated an additional accelerated stock repurchase program and expect to complete at least three-quarters of the previously announced $500 million share repurchase authorization in 2022. Our balanced allocation of capital demonstrates our commitment to creating shareholder value and confidence in our strategic plan. Looking forward, the fundamentals of residential and commercial re-roofing demand remain supportive.” Home Depot Inc., the world's largest home improvement retailer, announced that its board of directors declared a second quarter cash dividend of $1.90 per share. The dividend is payable on September 15, 2022, to shareholders of record on the close of business on September 1, 2022. This is the 142nd consecutive quarter the company has paid a cash dividend. The board of directors also authorized a new $15 billion share repurchase program. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Northstar Clean Technologies Inc. by Northstar Clean Technologies Inc. We own ZERO shares of Northstar Clean Technologies Inc. Please click here for full disclaimer. Contact Information: 2818047972ty@LifeWaterMedia.com
Companies that Could Benefit from Global Zero Waste Programs August 29, 2022 - Baystreet.ca Around the world, leaders are working towards zero waste. In parts of the United States, zero waste programs are being set up to phase out waste entirely. Even Metro Vancouver has a goal of zero waste by 2040. In fact, according to Vancouver.ca, “As a city we've committed to conserve resources, prevent waste of all types, including wasted food at all points between farm and table, compost inedible food or convert it into fuel, repair and maintain products and materials to extend their lives, and share, reuse, and refurbish products and materials before recycling them.” All could be beneficial for companies that deal with recyclable material, such as asphalt shingles, like Northstar Clean Technologies (TSXV: ROOF) (OTCQB: ROOOF). Other shingles stocks to be aware of in the market include Owens Corning (NYSE: OC), Builders FirstSource Inc. (NYSE: BLDR), Beacon Roofing Supply Inc. (NASDAQ: BECN), and Home Depot Inc. (NYSE: HD). Look at Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) For Example Northstar Clean Technologies Inc. provided an update on operations at its asphalt shingle reprocessing facility in Delta, BC, and other corporate initiatives. The Company continues to focus its efforts on ramping up from steady state production to commercial production at the Empower Pilot Facility. Empower Pilot Facility The Company continues to operate in steady state production at the Empower Pilot Facility, reprocessing feedstock of asphalt shingles into liquid asphalt, aggregate and fibre. The amount of shingle feedstock processed has been steadily increasing and the Company expects to achieve production in the range of 50 to 75 tonnes per day by the end of Q4 2022. Steady state production has given the Company an opportunity to make operational strides in three main areas:1) Identifying Key Areas of Improvement: The lessons learned while operating the production process from input to output has enabled the Company to identify key areas of improvement in equipment performance, operating philosophy, process integration, and critical uptime and reliability criteria.2) Feedback from Product Specification Analysis: As previously announced, the Company has developed the internal capability for product testing, has carried out testing through third party laboratories and has worked extensively with potential customers in the paving, shingle manufacturing, and roofing system manufacturing sectors to carry out product analysis. This feedback has contributed to performance improvements at the Empower Pilot Facility that the Company plans to incorporate into the design of its planned Calgary scale up facility.3) Engineering Development Work: The Company has continued the engineering design work on key elements of the Empower Calgary Facility with long lead manufacturing partners. Their feedback is now being incorporated into the equipment, operating philosophy and processing integration of the Empower Pilot Facility. The Company recently completed its first major shutdown with a second shutdown planned in Q4 2022. Among other reasons, a shutdown allows the Company to implement the lessons described above through process changes and adding or enhancing equipment to improve production and operating philosophy. The Company expects to increase production levels to a range of 50 to 75 tonnes per day following the next major shutdown. Mr. Aidan Mills, President & CEO of Northstar, stated, “We are very happy with the progress we have made at the Empower Pilot Facility and the three key areas of feedback we have received. Only by operating our Empower Pilot Facility from the front-end to the back-end can we learn how to operate our facilities to reach their maximum potential. This is critical for both the Empower Pilot Facility and the Empower Calgary Facility. We have enjoyed ongoing research & development support from major international conglomerates and we believe that this support demonstrates interest in our proprietary process and because this R&D support comes from the paving, shingle manufacturing, and flat roofing manufacturing sectors, it validates our assumption of the wide applicability of our products. Lastly, as we work with key industry partners involved in certain steps of our process, their feedback has been equally as applicable to the Empower Pilot Facility as to the Empower Calgary Facility. In turn, we have applied that feedback immediately when practicable or will wait until the next major shutdown.” Empower Calgary Facility Given the process improvements at the Empower Pilot Facility, the Company has decided to move the commencement of detailed design engineering for the Empower Calgary Facility to Q1 2023. The Company believes that this will allow for more time to incorporate lessons learned from the Empower Pilot Facility into the detailed design for the Empower Calgary Facility. Other related developments from around the markets include: Owens Corning, a global building and construction materials leader, reported second-quarter 2022 results. “Owens Corning delivered another outstanding quarter while advancing our enterprise strategy which accelerates our growth, strengthens our earnings power, and creates additional value for our shareholders. Our global teams continue to execute at a high level as we make strategic investments to expand our total addressable markets and enhance our market-leading positions,” said Chair and Chief Executive Officer Brian Chambers. “For the second half of the year, we remain focused on delivering strong financial results and positioning the company for long-term success.” Builders FirstSource Inc. reported its results for the second quarter ended June 30, 2022. “During the second quarter, we remained focused on executing our strategy, accelerating value-added product sales and expanding customer solutions, resulting in another quarter of record revenue and EBITDA performance despite the dynamic environment and challenging year-over-year comparisons,” commented Dave Flitman, President and CEO of Builders FirstSource. “We increased sales by 24%, including nearly 32% organic growth in our higher margin value-added products, and increased Adjusted EBITDA by 80%. These outstanding achievements are a direct result of having strong alignment around a clear execution roadmap, the hard work and dedication of our approximately 30,000 team members and their commitment to provide outstanding service to our customers." Beacon Roofing Supply Inc. announced results for the second quarter ended June 30, 2022. “Beacon’s second quarter results are outstanding, with record setting top-line and bottom-line performance,” said Julian Francis, Beacon's President & CEO. “Our team’s commitment to best-in-class service combined with solid end market demand and margin enhancing initiatives delivered the 10th straight quarter of year-over-year increases in Adjusted EBITDA. In a challenging inflationary environment, we achieved the highest profits and margin in our history. We made strategic investments in key markets, expanding both our branch footprint and our delivery capacity towards achieving our Ambition 2025 growth targets. We also initiated an additional accelerated stock repurchase program and expect to complete at least three-quarters of the previously announced $500 million share repurchase authorization in 2022. Our balanced allocation of capital demonstrates our commitment to creating shareholder value and confidence in our strategic plan. Looking forward, the fundamentals of residential and commercial re-roofing demand remain supportive.” Home Depot Inc., the world's largest home improvement retailer, announced that its board of directors declared a second quarter cash dividend of $1.90 per share. The dividend is payable on September 15, 2022, to shareholders of record on the close of business on September 1, 2022. This is the 142nd consecutive quarter the company has paid a cash dividend. The board of directors also authorized a new $15 billion share repurchase program. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Northstar Clean Technologies Inc. by Northstar Clean Technologies Inc. We own ZERO shares of Northstar Clean Technologies Inc. Please click here for full disclaimer. Contact Information: 2818047972ty@LifeWaterMedia.com