Latest news with #commercialbuilding
Yahoo
11 hours ago
- General
- Yahoo
Nearly 100 firefighters battle large fire burning at downtown Los Angeles commercial building
A fierce fire was burning in a commercial building in downtown Los Angeles on Thursday afternoon. Officials said the blaze had reached "major emergency status" with more than 88 firefighters on scene. Heavy smoke was billowing across the sky from the structure. The fire was on the city block bounded by South Los Angeles Street, East 4th Street, Wall Street and Winston Street. "Due to heavy storage load, firefighters were not able to reach the seat of the fire," the Los Angeles Fire Department said. "Additional resources are en route. Residents are advised to avoid the area." The fire was reported shortly after 1 p.m. in the 200 block of Winston Street in a row of commercial units, firefighters said. Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week. This story originally appeared in Los Angeles Times.
CBS News
12 hours ago
- Climate
- CBS News
Fire crews battle downtown Los Angeles "major emergency" commercial building blaze
Los Angeles Fire Department crews are working to put out a commercial building fire in downtown Los Angeles on Friday afternoon. Around 1:12 p.m., crews responded to a row of commercial buildings with heavy smoke showing at Winston Street near S. Los Angeles Street. Around 2:04 p.m., the incident reached "major emergency" status as smoke continued to billow from the rooftop, with visible flames. The fire extended to the adjacent large commercial building, and with over 88 firefighters battling the flames, additional resources have been requested. Residents are advised to avoid the area of Los Angeles Street, Winston Street, Wall Street and E. 4th St. Los Angeles Fire Department crews battle a commercial building fire burning in the 200 block of East Winston Street that has been classified as a "major emergency." KCAL News
CBS News
03-06-2025
- Climate
- CBS News
Crews in Westlake District contain fire at commercial building weeks months after previous blaze
Crews put out a fire at a commercial building in the Westlake District on Tuesday morning, weeks after a blaze at the same location. Los Angeles Fire Department firefighters responded to the 1300 block of Shatto Street around 2:24 a.m. When crews arrived, they found a vacant and boarded one-story commercial building, a former private school, fully engulfed in flames. In just about 33 minutes, about 49 firefighters were able to put out the fire and stop extension to any adjacent structures, fire officials said. No injuries were reported during the fire. The cause of the fire is still under investigation. The LAFD said on March 20, crews also responded to the same scene for another fire.
CTV News
29-05-2025
- General
- CTV News
No injuries after fire breaks out at commercial building in Etobicoke
No injuries were reported after a fire at a commercial building in Etobicoke. (Jacob Estrin/ CP24) No injuries were reported after a fire at a commercial building in Etobicoke. Toronto Fire says the blaze broke out at a building on Albion Road, near Highway 27, at around 9 p.m. Wednesday. Flames and heavy smoke were discovered when crews arrived on scene. The fire was subsequently upgraded to a two-alarm incident but firefighters were able to extinguish the blaze. Crews remain on scene on Thursday morning, monitoring for hotspots. A number of nearby restaurants were impacted, though the fire did not actually spread to those businesses. Public health was called in to assess the impact on the restaurants due to food being exposed. Officials have not yet been able to confirm a cause.
Yahoo
26-05-2025
- Business
- Yahoo
Commercial Building Products Stocks Q1 Recap: Benchmarking AZZ (NYSE:AZZ)
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the commercial building products stocks, including AZZ (NYSE:AZZ) and its peers. Commercial building products companies, which often serve more complicated projects, can supplement their core business with higher-margin installation and consulting services revenues. More recently, advances to address labor availability and job site productivity have spurred innovation. Additionally, companies in the space that can produce more energy-efficient materials have opportunities to take share. However, these companies are at the whim of commercial construction volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. Additionally, the costs of raw materials can be driven by a myriad of worldwide factors and greatly influence the profitability of commercial building products companies. The 5 commercial building products stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 1.9% while next quarter's revenue guidance was 2% above. Luckily, commercial building products stocks have performed well with share prices up 10.9% on average since the latest earnings results. Responsible for projects like nuclear facilities, AZZ (NYSE:AZZ) is a provider of metal coating and power infrastructure solutions. AZZ reported revenues of $351.9 million, down 4% year on year. This print fell short of analysts' expectations by 4.3%. Overall, it was a slower quarter for the company with a miss of analysts' EBITDA estimates. Tom Ferguson, President, and Chief Executive Officer of AZZ, commented, "Fiscal year 2025 was a successful year for AZZ. We delivered record full year results and made significant progress on our growth initiatives throughout the year. We are pleased with full-year sales growth of 2.6%, which includes record results in both Metal Coatings and Precoat Metals, despite navigating significant weather impacts in the fourth quarter. For the year, our Metal Coatings segment delivered sales of $665.1 million, and 30.9% EBITDA margin, while Precoat Metals delivered sales of $912.6 million and 19.6% EBITDA margin. AZZ delivered the weakest performance against analyst estimates and weakest full-year guidance update of the whole group. Interestingly, the stock is up 14.5% since reporting and currently trades at $88.99. Is now the time to buy AZZ? Access our full analysis of the earnings results here, it's free. Growing from a small wire manufacturer to one of the largest in the U.S., Insteel (NYSE:IIIN) provides steel wire reinforcing products for concrete. Insteel reported revenues of $160.7 million, up 26.1% year on year, outperforming analysts' expectations by 7.2%. The business had an incredible quarter with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. Insteel achieved the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 33.7% since reporting. It currently trades at $35.66. Is now the time to buy Insteel? Access our full analysis of the earnings results here, it's free. Founded after patenting the electric room thermostat, Johnson Controls (NYSE:JCI) specializes in building products and technology solutions, including HVAC systems, fire and security systems, and energy storage. Johnson Controls reported revenues of $5.68 billion, up 1.4% year on year, exceeding analysts' expectations by 0.7%. It may have had the worst quarter among its peers, but its results were still good as it also locked in a solid beat of analysts' organic revenue estimates and an impressive beat of analysts' adjusted operating income estimates. Interestingly, the stock is up 9.3% since the results and currently trades at $97. Read our full analysis of Johnson Controls's results here. Standing out with its digital keyless entry into self-storage room technology, Janus (NYSE:JBI) is a provider of easily accessible self-storage solutions. Janus reported revenues of $210.5 million, down 17.3% year on year. This number surpassed analysts' expectations by 2%. Overall, it was a very strong quarter as it also put up an impressive beat of analysts' adjusted operating income estimates and a solid beat of analysts' EPS estimates. Janus had the slowest revenue growth among its peers. The stock is up 12.8% since reporting and currently trades at $8.06. Read our full, actionable report on Janus here, it's free. Involved in the design of the Apple Store on Fifth Avenue in New York City, Apogee (NASDAQ:APOG) sells architectural products and services such as high-performance glass for commercial buildings. Apogee reported revenues of $345.7 million, down 4.5% year on year. This print beat analysts' expectations by 4.2%. It was a strong quarter as it also recorded an impressive beat of analysts' EBITDA estimates and full-year revenue guidance beating analysts' expectations. Apogee achieved the highest full-year guidance raise among its peers. The stock is down 15.7% since reporting and currently trades at $38.66. Read our full, actionable report on Apogee here, it's free. Thanks to the Fed's series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump's presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. 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