| Industries |
|---|
| Construction and Engineering |
| Construction Materials |
| Construction and Farm Machinery and Heavy Trucks |
| Health Care Distribution and Services |
| Building Products |
| Asset Management and Custody Banks |
| Food Distributors |
| Trading Companies and Distributors |
| Commercial and Professional Services |
| Health Care Facilities |
| Homebuilding |
| Exposures |
|---|
| Military |
| Regime |
| Provide |
| Rights |
| Express intent |
| Judicial |
| Event Codes |
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| Solicit support |
| Yield to order |
| Pessimistic comment |
| Reward |
| Agree |
| Acknowledge responsibility |
| Sports contest |
| Rally support |
| Warn |
| Riot |
| Consult |
| Human death |
| Host meeting |
| Demand |
| Promise |
| Wiki | Wiki Summary |
|---|---|
| Arithmetic | Arithmetic (from Ancient Greek ἀριθμός (arithmós) 'number', and τική [τέχνη] (tikḗ [tékhnē]) 'art, craft') is an elementary part of mathematics that consists of the study of the properties of the traditional operations on numbers—addition, subtraction, multiplication, division, exponentiation, and extraction of roots. In the 19th century, Italian mathematician Giuseppe Peano formalized arithmetic with his Peano axioms, which are highly important to the field of mathematical logic today. |
| Operation Mincemeat | Operation Mincemeat was a successful British deception operation of the Second World War to disguise the 1943 Allied invasion of Sicily. Two members of British intelligence obtained the body of Glyndwr Michael, a tramp who died from eating rat poison, dressed him as an officer of the Royal Marines and placed personal items on him identifying him as the fictitious Captain (Acting Major) William Martin. |
| Operations research | Operations research (British English: operational research), often shortened to the initialism OR, is a discipline that deals with the development and application of advanced analytical methods to improve decision-making. It is sometimes considered to be a subfield of mathematical sciences. |
| Emergency operations center | An emergency operations center (EOC) is a central command and control facility responsible for carrying out the principles of emergency preparedness and emergency management, or disaster management functions at a strategic level during an emergency, and ensuring the continuity of operation of a company, political subdivision or other organization.\nAn EOC is responsible for strategic direction and operational decisions and does not normally directly control field assets, instead leaving tactical decisions to lower commands. |
| Operation (mathematics) | In mathematics, an operation is a function which takes zero or more input values (called operands) to a well-defined output value. The number of operands (also known as arguments) is the arity of the operation. |
| Bitwise operation | In computer programming, a bitwise operation operates on a bit string, a bit array or a binary numeral (considered as a bit string) at the level of its individual bits. It is a fast and simple action, basic to the higher-level arithmetic operations and directly supported by the processor. |
| Construction | Construction is a general term meaning the art and science to form objects, systems, or organizations, and comes from Latin constructio (from com- "together" and struere "to pile up") and Old French construction. To construct is the verb: the act of building, and the noun is construction: how something is built, the nature of its structure. |
| Building material | Building material is material used for construction. Many naturally occurring substances, such as clay, rocks, sand, wood, and even twigs and leaves, have been used to construct buildings. |
| Construction foreman | A construction foreman or construction forewoman is the worker or skilled tradesperson who is in charge of a construction crew. This role is generally assumed by a senior worker. |
| Construction engineering | Construction engineering is a professional discipline that deals with the designing, planning, construction and management of infrastructures such as roads, tunnels, bridges, airports, railroads, facilities, buildings, dams, utilities and other projects.\nCivil engineering is a related field that deals more with the practical aspects of projects. |
| Grammatical construction | In linguistics, a grammatical construction is any syntactic string of words ranging from sentences over phrasal structures to certain complex lexemes, such as phrasal verbs.\nGrammatical constructions form the primary unit of study in construction grammar theories. |
| Social constructionism | Social constructionism is a theory in sociology, social ontology, and communication theory which proposes that there are certain kinds of facts which, rather than depending on physical reality, instead depend on the shared ways of thinking about and representing the world that groups of people develop collaboratively. The theory centers on the notion that meanings are developed in coordination with others rather than separately by each individual. |
| Availability | In reliability engineering, the term availability has the following meanings:\n\nThe degree to which a system, subsystem or equipment is in a specified operable and committable state at the start of a mission, when the mission is called for at an unknown, i.e. a random, time. |
| Not Available | Not Available is the second studio album (released as the fourth) by the Residents, recorded in 1974. The album was allegedly meant to only be released once its creators completely forgot about its existence (adhering to their "Theory of Obscurity," in which an artist's purest work is created without an audience) - however, due to ongoing delays in the release of Eskimo, Not Available was released to supply the demand for new Residents material, given their unexpected critical and commercial success following the release of the Duck Stab EP.\n\n\n== History ==\nIt is said that the lyrics and themes of Not Available arose from personal tensions within the group, and that the project began as a private psychodrama before being adapted into a possible operetta. |
| Availability heuristic | The availability heuristic, also known as availability bias, is a mental shortcut that relies on immediate examples that come to a given person's mind when evaluating a specific topic, concept, method or decision. The availability heuristic operates on the notion that if something can be recalled, it must be important, or at least more important than alternative solutions which are not as readily recalled. |
| Route availability | Route Availability (RA) is the system by which the permanent way and supporting works (bridges, embankments, etc.) of the railway network of Great Britain are graded. All routes are allocated an RA number between 1 and 10. |
| Continuous availability | Continuous availability is an approach to computer system and application design that protects users against downtime, whatever the cause and ensures that users remain connected to their documents, data files and business applications. Continuous availability describes the information technology methods to ensure business continuity.In early days of computing, availability was not considered business critical. |
| High-availability cluster | High-availability clusters (also known as HA clusters, fail-over clusters) are groups of computers that support server applications that can be reliably utilized with a minimum amount of down-time. They operate by using high availability software to harness redundant computers in groups or clusters that provide continued service when system components fail. |
| Adverse | Adverse or adverse interest, in law, is anything that functions contrary to a party's interest. This word should not be confused with averse. |
| Adverse effect | An adverse effect is an undesired harmful effect resulting from a medication or other intervention, such as surgery. An adverse effect may be termed a "side effect", when judged to be secondary to a main or therapeutic effect. |
| Adverse possession | Adverse possession, sometimes colloquially described as "squatter's rights", is a legal principle in the Anglo-American common law under which a person who does not have legal title to a piece of property—usually land (real property)—may acquire legal ownership based on continuous possession or occupation of the property without the permission (licence) of its legal owner. The possession by a person is not adverse if they are in possession as a tenant or licensee of the legal owner. |
| Adverse food reaction | An adverse food reaction is an adverse response by the body to food or a specific type of food.The most common adverse reaction is a food allergy, which is an adverse immune response to either a specific type or a range of food proteins.\nHowever, other adverse responses to food are not allergies. |
| Adverse (film) | Adverse is a 2020 American crime thriller film written and directed by Brian Metcalf and starring Thomas Nicholas, Lou Diamond Phillips, Sean Astin, Kelly Arjen, Penelope Ann Miller, and Mickey Rourke. It premiered at the Fantasporto Film Festival, Portugal's largest film festival, on February 28, 2020. |
| Adverse party | An adverse party is an opposing party in a lawsuit under an adversary system of law. In general, an adverse party is a party against whom judgment is sought or "a party interested in sustaining a judgment or decree." For example, the adverse party for a defendant is the plaintiff. |
| Material adverse change | In the fields of mergers and acquisitions and corporate finance, a material adverse change (abbreviated MAC), material adverse event (MAE), or material adverse effect (also MAE) is a change in circumstances that significantly reduces the value of a company. A contract to acquire, invest in, or lend money to a company often contains a term that allows the acquirer, investor, or lender to cancel the transaction if a material adverse change occurs. |
| Vietnam Posts and Telecommunications Group | Vietnam Posts and Telecommunications Group, commonly abbreviated as VNPT, is a telecommunications company, owned by the Vietnamese Government, and the national post office of Vietnam. According to a list of UNDP in 2007, it is the second-largest company in Vietnam. |
| Department of Atomic Energy | The Department of Atomic Energy (DAE) (IAST: Paramāṇu Ūrjā Vibhāga) is a department with headquarters in Mumbai, Maharashtra, India. DAE was established in 1954 by a Presidential Order. |
| Del E. Webb Construction Company | The Del E. Webb Construction Company was a construction company that was founded in 1928 and developed by Del Webb. Headquartered in Phoenix, Arizona, United States, it became the Del E. Webb Corporation in 1960. |
| Griffon Corporation | Griffon Corporation is a multinational conglomerate headquartered in New York City. The company conducts its operations through five subsidiaries: The AMES Companies, ClosetMaid, Clopay Building Products, CornellCookson, and Telephonics Corporation. |
| Tarmac Building Products | Tarmac Building Products is a British producer of building products, based in Wolverhampton. The company was formerly part of the Tarmac Group, but was bought in 2014 by the joint venture of Lafarge and Tarmac's parent Anglo American, Lafarge Tarmac. |
| Guardian Industries | Guardian Industries is a privately held industrial manufacturer of glass, automotive and building products based in Auburn Hills, Michigan.\nThe company manufactures float glass, fabricated glass products, fiberglass insulation and building materials for commercial, residential and automotive applications. |
| Knowledge acquisition | Knowledge acquisition is the process used to define the rules and ontologies required for a knowledge-based system. The phrase was first used in conjunction with expert systems to describe the initial tasks associated with developing an expert system, namely finding and interviewing domain experts and capturing their knowledge via rules, objects, and frame-based ontologies. |
| Rules of Acquisition | In the fictional Star Trek universe, the Rules of Acquisition are a collection of sacred business proverbs of the ultra-capitalist race known as the Ferengi.\nThe first mention of rules in the Star Trek universe was in "The Nagus", an episode of the TV series Star Trek: Deep Space Nine (Season 1, Episode 10). |
| Resource acquisition is initialization | Resource acquisition is initialization (RAII) is a programming idiom used in several object-oriented, statically-typed programming languages to describe a particular language behavior. In RAII, holding a resource is a class invariant, and is tied to object lifetime. |
| Proposed acquisition of Twitter by Elon Musk | On April 14, 2022, business magnate Elon Musk offered to purchase American social media company Twitter, Inc., for $43 billion, after previously acquiring 9.1 percent of the company's stock for $2.64 billion, becoming its largest shareholder. Twitter had then invited Musk to join their board of directors, which Musk at first accepted before subsequently declining. |
| Language acquisition device | The Language Acquisition Device (LAD) is a claim from language acquisition research proposed by Noam Chomsky in the 1960s. The LAD concept is a purported instinctive mental capacity which enables an infant to acquire and produce language. |
| Risk Factors |
|---|
| BUILDING MATERIALS HOLDING CORP ITEM 1A Risk Factors Risks Related to Our Business There are a number of business risks and uncertainties that affect our operations and therefore could cause future results to differ from past performance or expected results |
| These risks or uncertainties may include, but are not limited to the following factors: Our business is dependent on demand for single-family homes which is influenced by changes in the overall condition of the US economy, including interest rates, job formation, consumer confidence and other important factors |
| The residential construction services and building products industry is highly dependent on demand for single-family homes which is influenced by several factors |
| These factors include economic changes nationally and locally, mortgage and other interest rates, job formation, consumer confidence, demographic trends, inflation and building permit activity as well as other factors |
| The construction of new homes may also experience declines due to the availability and affordability of land in attractive metropolitan areas, shortages of qualified trades people, material shortages and regulations that impose restrictive zoning and density requirements |
| All of these factors could limit demand for home construction and may adversely impact our financial condition, results of operations or cash flows |
| There are risks associated with changes to our business model |
| Our business model seeks the strategic growth of construction services and distribution of building products in an effort to provide a comprehensive solution to high-volume production and other homebuilders |
| Providing these services and products include the risks of availability and cost of qualified labor and claims for construction defects, product liability and workers compensation as well as the timely sourcing and availability of building products |
| Additionally, there is no guarantee that our efforts to offer these comprehensive solutions will continue to be accepted by the marketplace |
| The integration of acquired businesses may not result in anticipated cost savings and revenue synergies being fully realized or may take longer to realize than expected |
| Our growth over the past several years has been largely due to acquisitions and we intend to continue this strategy |
| The integration of acquired businesses may not result in anticipated cost savings and revenue synergies being fully realized or may take longer to realize than expected |
| The management and acquisition of businesses involves substantial risks including: · the uncertainty that an acquired business will achieve anticipated operating results; · significant expenses to integrate; · diversion of management attention; · departure of key personnel from the acquired business; · effectively managing entrepreneurial spirit and decision-making; · integration of different information systems; · managing new construction service trades; · unanticipated costs and exposure to unforeseen liabilities and; · impairment of assets |
| 12 _________________________________________________________________ [74]INDEX Our growth is dependent upon our ability to identify suitable acquisition candidates |
| Our growth over the past several years has been largely due to acquisitions and we intend to continue this strategy |
| Failure to identify and acquire suitable acquisition candidates could have a material adverse effect on our growth |
| Also, the increasing level of consolidation occurring in the building products distribution and construction services industry may limit the availability and suitability of acquisition candidates |
| Our success is dependent upon the availability of and our ability to attract, train and retain qualified individuals |
| Competition for employees is especially intense in both construction services and building products distribution |
| In markets with strong housing demand, we may experience shortages in qualified labor and key personnel, which may limit our ability to complete contracts as well as obtain additional contracts with builders |
| Changes to immigration policies could also limit the availability of qualified labor |
| We have been successful in recruiting and retaining qualified employees, however we cannot guarantee that we will continue to be successful in the future |
| An inability to implement and maintain cost structures that align with revenue growth may have an adverse impact on our operating results |
| When we experience slower periods of homebuilding activity, acquire new businesses or expand existing operations, we may experience inefficiencies in our cost structures |
| Our evaluation and changes to fixed and variable expenses in response to declining sales may not occur in a timely manner, leading to higher costs and lower returns on sales |
| Changes in the business models of customers may limit our ability to provide construction services and building products required by our customers |
| As the business models of our customers evolve, our existing construction service and building product offerings may not meet the needs of certain homebuilders |
| Homebuilders may decide to no longer outsource construction services |
| Also, changes to housing patterns may occur, such as urban living rather than single-family suburban neighborhoods |
| If we do not timely assess shifts in customer expectations, preferences and demands, our financial condition, results of operations or cash flows could be adversely affected |
| Our operating results are affected by fluctuations in our costs and the availability of sourcing channels for commodity wood products, concrete, steel and other building materials |
| Prices of commodity wood products, concrete, steel and other building products are historically volatile and are subject to fluctuations arising from changes in domestic and international supply and demand, labor costs, competition, market speculation, government regulations and periodic delays in delivery |
| Rapid and significant changes in product prices may affect sales as well as margins due to a limited ability to pass on short-term price changes |
| We do not use derivative financial instruments to hedge commodity price changes |
| Generally, our products are obtainable from various sources and in sufficient quantities |
| However, we may experience shortages of building products as a result of unexpected demand or production difficulties as well as transportation limitations |
| Any disruption in our sources of supply for key building products could negatively impact our financial condition, results of operations or cash flows |
| 13 _________________________________________________________________ [75]INDEX Our business is subject to intense competition |
| We experience competition across all markets for our construction services and building products |
| Recently, there has been increased consolidation within the building materials distribution and construction services industry |
| Also, other building materials distributors, including large retail distributors focused on consumers, may more aggressively pursue our target market of professional homebuilders |
| These competitive pressures may lead to decreases in sales, margin reductions and increases in operating costs and may limit acquisition opportunities |
| Loss of significant market share due to competition could result in the closure of facilities |
| Weather conditions, including natural catastrophic events, may cause our operating results to fluctuate each quarter |
| Our first and fourth quarters historically have been, and are expected to continue to be, adversely affected by weather conditions in some of our markets, causing decreases in operating results due to slower homebuilding activity |
| In addition, natural catastrophic events may cause our operating results to fluctuate |
| The nature of our business exposes us to construction defect and product liability claims as well as other legal proceedings |
| We are involved in construction defect and product liability claims relating to our various construction trades and the products we distribute and manufacture |
| Although we believe we maintain adequate insurance, we may not be able to maintain such insurance on acceptable terms or such insurance may not provide adequate protection against potential liabilities |
| Current or future claims may adversely affect our financial condition, results of operations or cash flows |
| We may be adversely affected by disruptions in our information systems |
| Our operations are dependent upon information for decision-making and the related information systems |
| A substantial disruption in our information systems for a prolonged period could result in delays in our services and products and adversely affect our ability to complete contracts and fulfill customer demands |
| Such delays, problems or costs may have an adverse effect on our financial condition, results of operations or cash flows |
| Actual and perceived vulnerabilities as a result of terrorist activities and armed conflict may adversely impact consumer confidence and our business |
| Instability in the economy and financial markets as a result of terrorism or war may impact consumer confidence and result in a decrease in homebuilding in our markets |
| Terrorist attacks may also directly impact our ability to maintain operations and services and may have a material adverse effect on our business |
| Numerous other matters of a local and regional scale, including those of a political, economic, business, competitive or regulatory nature may have an adverse impact on our business |
| Many factors shape the homebuilding industry |
| In addition to the factors previously cited, there are other matters of a local and regional scale, including those of a political, economic, business, competitive or regulatory nature which may have a material adverse effect on our business |
| 14 _________________________________________________________________ [76]INDEX Risks Related to Our Shares Risks related to our shares include, however are not limited to: Our share price may fluctuate significantly, which may make it difficult for shareholders to sell our shares when desired or at attractive prices |
| The market price of our shares is subject to significant changes as a result of our operating performance and the other factors discussed above as well as perceptions and events that are beyond our control |
| Price and trading volume fluctuations for our shares may be unrelated or disproportionate to our operating performance |
| Additionally, our share price could fluctuate based on the expectations and performance of other publicly traded companies in the construction services and building products distribution industry |
| Anti-takeover defenses in our governing documents and certain provisions under Delaware law could prevent an acquisition of our company or limit the price that investors might be willing to pay for our shares |
| Our governing documents and certain provisions of Delaware law that apply to us could make it difficult for another company to acquire control of our company |
| For example, we have a rights plan, commonly known as a “poison pill,” which would make it difficult for someone to acquire our company without the approval of our Board of Directors |
| Also, our certificate of incorporation allows our Board of Directors to issue, at any time and without shareholder approval, preferred shares with such terms as it may determine |
| These provisions and others could delay, prevent or allow our Board of Directors to resist an acquisition of our company, even if a majority of our shareholders favored the proposed transaction |