BMC Stock Holdings, Inc., one of the nation’s largest pro dealers, reported third quarter 2017 net sales of $881 million, a 7.3% increase over sales of $821.2 million for the third quarter 2016.
The Atlanta-based pro dealer also reported a net income of $18.4 million for the quarter, doubling a net income of $9.2 million in the prior year period, which included a pre-tax loss on debt extinguishment of $12.5 million.
"We grew sales in our higher-margin structural components product category by 17.5%.”“We are pleased with our team’s ongoing execution and ability to deliver this solid performance despite the short-term impacts of Hurricanes Harvey and Irma on our Houston and Georgia operations,” Peter Alexander, president and CEO, noted in a press release issued by the company Monday morning. “We grew sales in our higher-margin structural components product category by 17.5%, driven, in part, by continued success of Ready-Frame. This whole-house framing solution remains an important contributor to our business, allowing us to differentiate BMC with our builder customers with a cost-effective and time-saving alternative as they face a very tight labor market.”
Breaking down net sales for the quarter, BMC Stock estimated that net sales increased 4.5% from lumber and sheet goods commodity price inflation, 2.3% from recent acquisitions and 0.5% from increased volumes. The increase in sales volume was negatively impacted by one less selling day during the quarter as compared to the third quarter of 2016, resulting in a 1.6% impact to net sales. Hurricanes Harvey and Irma are estimated to have decreased net sales by $12 million to $15 million during the quarter, the company said.
BMC operates in 43 metropolitan areas across 18 states, principally in the South and West.