Fuel the Mission: ABC Supply Pledges to Match $1 Million for Homes For Our Troops
BELOIT, Wis., May 1, 2025 /PRNewswire/ — Engines are roaring and the drive to support our nation's Veterans is kicking into high gear! ABC Supply Co., Inc., Homes For Our Troops (HFOT), AJ Foyt Racing and Santino Ferrucci are teaming up at the 109th Running of the Indianapolis 500 presented by Gainbridge to drive support for our Veterans.
Together, we've set an important goal: raise $4 million to provide life-changing support for severely injured post-9/11 Veterans. And now through May 31, ABC Supply will match the first $1 million donated, doubling your impact. Donate today at hfotusa.org/donate.
This mission extends to the track, too. AJ Foyt Racing is back, with driver Santino Ferrucci behind the wheel of the No. 14 Chevrolet, sporting its iconic red, white and blue design sponsored by ABC Supply. More than just a car, it's dedicated to Veterans supported by HFOT and those across the nation.
For over two decades, Homes For Our Troops has been a leading nonprofit transforming lives by building and donating specially adapted custom homes for severely injured Veterans. Here are some of the highlights:
Over 405 specially adapted custom homes have been designed and built nationwide, empowering Veterans to regain independence and rebuild their lives.
Nearly 90 cents of every dollar raised goes directly toward program services for Veterans.
HFOT's support for Veterans goes well beyond move-in day, helping each individual rebuild their life with guidance in areas like employment, education, health and dedicated financial planning.
'Homes For Our Troops' Platinum Partner ABC Supply is once again pledging their commitment to our nation's Veterans by spotlighting HFOT during the 109th Running of the Indy 500 in 2025,' says HFOT President and CEO Brigadier General (Ret) Tom Landwermeyer. 'Their fundraising goal of $4 million with a $1 million match advances our mission of Building Homes and Rebuilding Lives, enabling us to get even more severely injured post-9/11 Veterans and their families into the specially adapted custom homes they need and deserve.'
This is the fourth year ABC Supply is hosting this campaign and its fifth year as a platinum sponsor of HFOT. Last year, the campaign crossed the finish line with an incredible $5.2 million raised.
'It's incredible to see the growing support for our Veterans each year,' says Mike Jost, president and chief operating officer at ABC Supply. 'We're proud to help stretch every donation further with our $1 million match and make a meaningful impact in the lives of those who have served our country.'
Since 2020, ABC Supply's support has allowed HFOT to start construction on 26% more homes each year. Together, we can drive toward something greater — building homes that restore the freedom and independence of our Veterans, allowing them to focus on their families, their recovery and rebuilding their lives. Join us in driving toward our $4 million mission by donating at hfotusa.org/donate.
About AJ Foyt RacingAJ Foyt Racing, headquartered northwest of Houston, has been competing at the top levels of motorsports since December 1965, nearly 60 years. With A. J. Foyt driving, his team won two Indianapolis 500s and three national INDYCAR championships. Since Foyt's retirement from driving in 1993, the team has continued to win, claiming two more national titles and the 1999 Indianapolis 500 with driver Kenny Brack.
About Homes For Our Troops (HFOT)Homes For Our Troops (HFOT) is a publicly funded 501(c) (3) nonprofit organization that builds and donates specially adapted custom homes nationwide to severely injured post-9/11 Veterans, to enable them to rebuild their lives. Most of these Veterans have sustained life-altering injuries, including multiple limb amputations, partial or full paralysis, and/or severe traumatic brain injury (TBI). These homes restore some of the freedom and independence our Veterans sacrificed while defending our country and enable them to focus on their family, their recovery and rebuilding their lives. HFOT builds these homes where the Veteran chooses to live and continues its relationship with the Veterans after home delivery to assist them with rebuilding their lives. Since its inception in 2004, nearly 90 cents of every dollar spent has gone directly to our program services supporting Veterans. For more information, visit www.hfotusa.org.
About ABC SupplyABC Supply Co., Inc. is the largest wholesale distributor of roofing and other select exterior and interior building products in North America. Since its founding in 1982, ABC Supply's sole focus has been serving professional contractors and 'making it easy' for them to do their jobs by offering the products, support and services they need — including myABCsupply, which allows them to place material orders and manage their account details from anywhere.
ABC Supply is a 19-time Gallup Exceptional Workplace Award winner and is committed to hiring military veterans. The company also received the 2025 NAW Distributors Award, recognizing its industry leadership, community engagement and commitment to innovation.
Headquartered in Beloit, Wisconsin, ABC Supply has over 1,000 locations across the U.S. and Canada. More information is available at www.abcsupply.com. Contractors can find resources for growing and improving their businesses on ABC Supply's blog and the company's LinkedIn page.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
13 hours ago
- The Sun
Global M&As surpass US$2.6 trillion year to date
LONDON: Global dealmaking has reached US$2.6 trillion (RM11 trillion), the highest for the first seven months of the year since the 2021 pandemic-era peak, as a quest for growth in corporate boardrooms and the impact of a surge in AI activity has overcome the uncertainty caused by US tariffs. The number of transactions to Aug 1 is 16% lower than the same time last year, but their value is 28% higher, according to Dealogic data, boosted by US megadeals valued at more than US$10 billion. They include Union Pacific Corp's proposed US$85 billion acquisition of small rival Norfolk Southern and OpenAI's US$40 billion funding round led by Softbank Group. The upsurge will be a relief to bankers who began the year with expectations the administration of US President Donald Trump would lead to a wave of consolidation. Instead, his trade tariffs and geopolitical uncertainty made companies pause until renewed confidence in corporate boardrooms and the US administration's anti-trust agenda changed the mood. 'What you're seeing in terms of deal rationale for transactions right now is that it's heavily growth-motivated, and it's increasing,' Andre Veissid, EY Global Financial Services Strategy and Transactions Leader, told Reuters. 'Whether it's artificial intelligence (AI), the change in the regulatory environment, we see our clients not wanting to be left behind in that race and that's driving activity.' Compared with August 2021, when investors, rebounding from pandemic lockdowns drove the value of deals to US$3.57 trillion, this year's tally is nearly a US$1 trillion, or 27%, lower. Still, deal-makers at JP Morgan Chase have said there is more to come, with companies pursuing bigger deals in the second half of the year as executives adapt to volatility. 'People have got used to the prevailing uncertainty, or maybe the unpredictability post-US election is just more predictable now,' Simon Nicholls, co-head of Slaughter and May Corporate and M&A group, said. Nigel Wellings, partner at Clifford Chance said the market was moving beyond tariffs. 'Boardrooms are seeing the M&A opportunity of a more stable economic environment and positive regulatory signals. But it is not a frothy market.' While the healthcare sector drove M&A in the years after the pandemic, the computer and electronics industry has produced more takeover bids in the US and the UK in the last two years, according to Dealogic. Artificial intelligence is expected to drive more dealmaking. M&A activity has increased around data centre usage, such as Samsung's US$1.7 billion acquisition of Germany's FlaktGroup, a data centre cooling specialist. Palo Alto Networks US$25 billion deal for Israeli cybersecurity peer CyberArk was the largest deal in Europe, Middle East and Africa so far this year as rising AI-driven threats push companies to adopt stronger defences. Private equity, which had been sitting on the sidelines, has once again been active, with Sycamore Partners' US$10 billion deal to take private Walgreens Boots Alliance and rivalling £4.8 billion (RM27 billion) offers from KKR and Advent for UK scientific instrument maker Spectris. The US was the biggest market for M&A, accounting for more than half of the global activity. Asia Pacific's dealmaking doubled over the same year to date period last year, outpacing the EMEA region.
New Straits Times
20 hours ago
- New Straits Times
Trump scores major own goal with labour official firing
US President Donald Trump's decision to fire a top labour official following weak jobs data obviously sends ominous signals about political interference in independent institutions, but it is also a major strategic own goal. Trump has spent six months attacking the Federal Reserve, and Chair Jerome Powell in particular, for not cutting interest rates. The barbs culminated in Trump branding Powell a "stubborn MORON" in a social media post on Friday before the July jobs report was released. The numbers, especially the net downward revision of 258,000 for May and June payrolls growth, were much weaker than expected. In fact, this was "the largest two-month revision since 1968 outside of NBER-defined recessions (assuming the economy is not in recession now)," according to Goldman Sachs. This release sparked a dramatic reaction in financial markets. Fed rate cut expectations soared, the two-year Treasury yield had its steepest fall in a year, and the dollar tumbled. A quarter-point rate cut next month and another by December were suddenly nailed-on certainties, according to rate futures market pricing. This was a huge U-turn from only 48 hours before when Powell's hawkish steer in his post-FOMC meeting press conference raised the prospect of no easing at all this year. Trump's constant lambasting of "Too Late" Powell suddenly appeared to have a bit more substance behind it. The Fed chair's rate cut caution centres on the labour market, which now appears nowhere near as "solid" as he thought. Trump could have responded by saying: "I was right, and Powell was wrong." Instead, on Friday afternoon he said he was firing the head of the Bureau of Labour Statistics, Commissioner Erika McEntarfer, for faking the jobs numbers. Trump provided no evidence of data manipulation. So rather than point out that markets were finally coming around to his way of thinking on the need for lower interest rates, Trump has united economists, analysts and investors in condemnation of what they say is brazen political interference typically associated with underdeveloped and unstable nations rather than the self-proclaimed 'leader of the free world'. "A dark day in, and for, the US," economist Phil Suttle wrote on Friday. "This is the sort of thing only the worst populists do in the worst emerging economies and, to use the style of President Trump, IT NEVER ENDS WELL." It's important to note that major – even historic – revisions to jobs growth figures are not necessarily indicative of underlying data collection flaws. As Ernie Tedeschi, director of economics at the Budget Lab at Yale, argued on X over the weekend: "BLS's first-release estimates of nonfarm payroll employment have gotten more, not less, accurate over time." It should also be noted that the BLS compiles inflation as well as employment data, so, moving forward, significant doubt could surround the credibility of the two most important economic indicators for the US - and perhaps the world. Part of what constitutes "US exceptionalism" is the assumption that the experts leading the country's independent institutions are exactly that, independent, meaning their actions and output can be trusted, whatever the results. Baseless accusations from the US president that the BLS, the Fed and other agencies are making politically motivated decisions to undermine his administration only undermine trust in the US itself. "If doubts are sustained, it will lead investors to demand more of a risk premium to own US assets," says Rebecca Patterson, Senior Fellow at the Council on Foreign Relations. "While only one of many forces driving asset valuations, it will limit returns across markets." This furor comes as Fed Governor Adriana Kugler's resignation on Friday gives Trump the chance to put a third nominee on the seven-person Fed board, maybe a potential future chair to fill that slot as a holding place until Powell's term expires in May. Whoever that person is will likely be more of a policy dove than a hawk. Policy uncertainty, which had been gradually subsiding since the April 2 'Liberation Day' tariff turmoil, is now very much back on investors' radar.
The Star
a day ago
- The Star
High-value orders lift outlook for S. Korean shipbuilders
A liquefied natural gas carrier built by HD Korea Shipbuilding & Offshore Engineering Co SEOUL: South Korea's major shipbuilders – HD Hyundai Heavy Industries, Samsung Heavy Industries and Hanwha Ocean – are set to post stronger profit growth over the coming quarters, as high-margin gas carrier orders placed since 2023 begin to flow into their earnings. These liquefied natural gas (LNG), ammonia and liquefied petroleum gas carriers, typically priced more than 10% higher than earlier contracts, are expected to sharply boost shipyard profitability amid stabilising construction costs. HD Hyundai Heavy Industries is already seeing the impact. The shipbuilder last Thursday reported a 141% surge in operating profit to 471.5 billion won or about US$339mil for the April-June quarter, while revenue climbed 6.8% to 4.15 trillion won. Analysts at IBK Securities said the turnaround is being driven by LNG carriers ordered in 2023, which have started contributing to revenue. Currently, orders for gas carriers secured from 2023 account for 29% of HD Hyundai's sales – a figure expected to rise to 60% by year-end. The company's order backlog, 70% of which consists of gas carriers, covers about three years of production, suggesting elevated earnings will persist through at least 2026. Most of the high-value contracts have yet to be fully reflected in financials, as it typically takes two to three years for orders to be recognised. Samsung Heavy and Hanwha Ocean are on similar trajectories. Analysts expect their LNG carrier orders from 2023 to begin contributing to earnings late this year and early next year, respectively. Gas carriers account for more than 60% of both firms' backlogs. Prices for 174,000-cubic-m LNG carriers have continued to climb, reaching US$259mil in 2023 and US$263mil in 2024, up from US$232mil in 2022 and significantly above the US$210mil average seen in Qatar's bulk orders from 2022. Those Qatari deals still represent a sizeable portion of revenue – about 37% for HD Hyundai, 27% for Samsung Heavy and 24% for Hanwha Ocean. Analysts said input costs are not rising at the same pace, thanks in part to a more stable labour market. 'It has been over two years since foreign workers entered domestic shipyards on E-7 and E-9 visas. Their skills have improved, helping to stabilise labour costs,' said Oh Ji-hoon, an analyst at IBK Securities. Some analysts caution that rising ship prices alone may not guarantee wider margins, pointing to fluctuating steel pricing, a key input cost in shipbuilding. — The Korea Herald/ANN
