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In a call with analysts, representatives at The Home Depot differentiated between "large" and "small" pro customers, discussing a jump in demand for pro customers pulling in annual tickets of more than $10,000.
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First-quarter operating income at Ainsworth rose to C$3.4 million (US$3.4 million) behind a 19% jump in sales, but net income still plummeted to C$700,000 (US$697,000), from a C$77.7 million (US$77.4 million) income a year ago.
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Ply Gem saw first-quarter operating earnings rebound to a gain of $1.2 million from a loss of $14.2 million a year ago on a 19% jump in sales to $239.1 million for the same period, the company reported today.
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Beacon Roofing Supply swung into the black during its fiscal second quarter with as net income of $3.1 million compared to a net loss of $6.2 million during the same period a year ago. Net sales jumped 33% to $395.2 million for the period ended March 31.
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Trex more than doubled its year-ago profits while rebounding from a fourth-quarter 2011 loss to total $12.3 million in earnings for the first quarter 2012.
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Louisiana-Pacific (LP) Corp., more than halved its first-quarter net loss, compared with the same period last year, to $11.3 million behind a 9% rise in sales to $361.5 million.
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Net loss at Interfor widened to C$6.5 million (US$6.6 million), compared to C$1.7 million (US$1.7 million) a year ago, for the first quarter despite an almost 5% growth in total sales to C$186.7 million (US$188.7 million), the company reported.
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First-quarter net sales at BlueLinx Holdings jumped 16% from the same period a year ago to $453 million as its net loss improved by just over $1 million to reach $11 million.
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First-quarter net income at Georgia Gulf nearly tripled from the year ago period to $35.3 million. Net sales also rose 9% to $859.9 million for the quarter ended March 31. The net income growth was aided by a pre-tax $12.4 million net benefit from gain on sale of assets, restructuring and other.
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AbitibiBowater, doing business as Resolute Forest Products, saw operating loss at its wood products segment double, from the same period a year ago, to $6 million for the first quarter.
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Masco Corp. reported today it had swung to a $33 million net profit attributable to its operations in this year's first quarter from a $46 million loss in the year-earlier period on a 7% rise in sales to $1.88 billion.
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West Fraser Timber fell into the red in the first quarter, from the same period a year ago, with a net loss of C$16.7 million (US$16.7 million). Sales at the timber and wood products manufacturer fell $6 million to C$681 million (US$680.3 million) for the period ended March 31.
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Weyerhaeuser’s net earnings fell 59% from the same period a year ago to reach $41 million during the first quarter, the company reported. The loss comes despite a 5% rise in net sales to $1.49 billion for the period ended March 31.
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First-quarter profits inched upward by 1.7% from a year earlier to hit $7.2. Sales jump 20% to $158.7 million to beat analyst expectations.
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Fortune Brands Home & Security, whose brands saw first-quarter profits jump to $12.5 million from the year-ago period’s loss of $10.5 million.
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Owens Corning's Building Materials group reported a 50% increase in earnings before interest and taxes in the first quarter, jumping to $49 million from $30 million in the year-ago period, on an 16.9% sales gain to $919 million.