Wolseley Plc., the British LBM giant that among other properties owns 49% of Stock Building Supply, reported that Ferguson, its American plumbing and heating division, recorded a 37.6% drop in operating profit to 317 million pounds ($507.2 million at current exchange rates). Revenue fell 18.7% to 5.82 billion pounds ($9.31 billion). More
Investment advisers for funds that collectively hold about 15% of all Builders FirstSource shares urged a special BFS committee to reject what the advisers called a "blatantly unfair" and "self-dealing" proposal by BFS' two-biggest shareholders to recapitalize the LBM operation. More
Stock Building Supply expects to turn an operating profit in the fiscal year that... More
A West Coast LBM dealer that sold three stores to Stock Building Supply in 2006 and then saw Stock close all three has bought back one of the locations and reopened it under its old name. More
Build A House LLC, a Greenville, S.C.-based firm that bills itself as a one-stop remodeling and turnkey building supplier, has purchased from Stock Building Supply a commercial door operation in Greer, S.C., that Stock had closed earlier this summer while it was in Chapter 11. More
Louisiana-Pacific Corp.reported its loss from continuing operations in the second quarter shrank nearly two-thirds, to $27.3 million from $79.4 million in the year-earlier period, despite a 31% drop in sales to $266.2 million. It also said it plans to file paperwork with the Securities and Exchange Commission to set itself up to tap the equities market. More
A "glut of inventory" in some markets depressed lumber prices during the second quarter and resulted in a smaller customer base in which contractors were ordering materials on a job-by-job basis, Builders FirstSource CFO Charles Horn told analysts. More
With the help of Carter Lumber, two former owners of Kempsville Building Materials have bought back their largest former location from Stock Building Supply. More
