American Woodmark Corp., a manufacturer and distributor of Timberlake kitchens and cabinets for the new-home market as well as house brands for The Home Depot and Lowe's, swung to a net loss of $6.4 million in its fiscal 2010 first quarter ended July 31 from a $156,000 profit in the year-earlier period. More
BlueLinx Holdings barely remained in the black during the second quarter, posting net income of $600,000 vs. $6.6 million in the year-earlier period, the Atlanta-based building products distributor reported. Revenue shrank 49% to $424 million, volume dropped 45%, gross profit sank 55% to $48.3 million, and gross margins slipped 1.5 points to 11.4%. More
Owens Corning today reported it took in a record $182 million profit from its roofing unit during the second quarter, up from $37 million a year earlier, on a 14% rise in sales to $542 million. But the insulation business swung to a $28 million loss from a $7 million profit the year before as sales slumped 31% to $284 million. More
Stock Building Supply accumulated an $8.5 million net loss in its first 25 days under Chapter 11 reorganization as selling, general, and administrative expenses more than wiped out its gross profit. More
The median pro-oriented building material dealer posted a gross margin of 26.62% and a pretax profit of just 0.62%, the 2009 Cost of Doing Business Report (CODB) reveals. More
Beacon Roofing Supply reported its first-quarter 2009 sales reached $463.3 million for the period ended Dec. 31, 2008--a 16.3% increase from the year-earlier fiscal first quarter. More
Last month, I discussed two of my client's efforts to stay afloat during these trying times. This month, I outline some strategies that may help those of you facing the same challenges. Don't look for any Earth-shattering news here, though, this is just business 101. But sometimes we have to get back to basics to grow again. Just like Vince Lombardi's famous opening remarks during pre-season football training, "Gentlemen, this is a football." More
Huttig Building Products Inc. reported late Oct. 30 that its net loss deepened to $7.7 million in the third quarter from a $100,000 loss in the year-earlier period. Net sales fell 22% to $182.8 million, the operating loss deepened to $6.2 million while he gross profit margin held steady at 18.5% More
Most of you have experienced the largest year-over-year drop in sales in your company's history. That's according to the National Lumber and Building Material Dealer Association's 2008 Cost of Doing Business (CODB) Report, which reveals a dramatic change in 2007 from 2006. More
Pretax profit margin at a typical lumber and building material dealer shrank 62% in 2007 on a 39% decline in sales, the NLBMDA's Cost of Doing Business Report finds. The report, based on information from roughly 150 dealers, also found that gross margins dropped 3 percentage points while the cost of doing business rose 2.1 percentage points. More