ABC Supply named partner of choice
For the sixth time, building products supplier ABC Supply Co. has been honored with a “Partners of Choice” Award from David Weekley Homes. The company received “A” rankings in both service and quality. Out of a field of approximately 150 companies, ABC Supply is one of only 12 “A, A” winners this year and one of only 18 “Partners of Choice” recipients overall.
Celebrating its 30th anniversary in 2012, Beloit, Wis.-based ABC Supply is the largest wholesale distributor of roofing in the United States and one of the nation’s largest distributors of siding, windows and other select exterior building products. David Weekley Homes, headquartered in Houston, operates in 16 cities across the United States and is the third-largest for-profit, privately held home builder in the United States.
“We are honored to again be named a ‘Partner of Choice,’” said Brent Fox, ABC Supply’s VP national business development. “We work hard to build strong partnerships with our customers and contribute to their success. This is a sign that we’re doing the right things and are providing the combination of products and service that our customers value."
David Weekley Homes implemented its comprehensive supplier evaluation system and the “Partners of Choice” Award in 2004. The proprietary evaluation platform allows the company to analyze the performance of its suppliers in diverse industries, provide feedback and recognize top achievers.
Celebrating 100 years, Kuiken Brothers gives back
New Jersey-based, nine-unit pro dealer Kuiken Brothers completed a three-day volunteer commitment to Paterson Habitat for Humanity’s 2012 Corporate Challenge. Forty-five Kuiken Brothers employees, collectively, volunteered 360 man-hours on a new home construction project in Paterson, N.J.
The event was one way for Kuiken Brothers to celebrate its 100th anniversary.
“The Paterson Habitat for Humanity Corporate Challenge is a way for Kuiken Brothers’ employees to further participate in our local communities,” said Douglas Kuiken, president of Kuiken Brothers. “Kuiken Brothers and its employees decided to become actively involved in providing their time and talent to Paterson Habitat as part of our 100th anniversary celebration plans. It feels great to contribute not only financially and with goods and services, but also with good old-fashion hard work. It’s personally fulfilling as well as a team-building experience for all of us.”
This year’s Corporate Challenge involved more than three dozen companies from the tri-state area. Teams of employees worked half-day shifts during the four-week fundraiser. At lunch, volunteers met incoming families and Habitat staff members so they could put faces behind their efforts. One hundred percent of funds raised by this event goes toward building Paterson Habitat houses.
“Kuiken Brothers is a valued corporate partner as well as a valued vendor,” said Gina Damiano, Paterson Habitat for Humanity resource development manager. “The company has worked closely with Paterson Habitat since our first building project in 1984.”
Sales rise 18% at Louisiana-Pacific Corp.
Louisiana-Pacific Corp., one of the industry’s leading suppliers of oriented strand board (OSB) and other building materials, announced net sales of $428 million for its second fiscal quarter, an 18% hike over sales of $362.4 million in the same quarter a year ago.
Net loss for the second quarter, which ended June 30, was $37.3 million, compared with a net loss of $35.4 million in the corresponding quarter of 2011. The results for the second quarter of 2012 include an early debt extinguishment charge of $52 million associated with its recent financing.
"We are pleased that LP returned to profitability in the second quarter, after adjusting for the costs associated with our successful debt refinancing,” said CEO Curt Stevens. “Higher OSB prices and volume and continued volume growth in our siding business were the primary drivers for the improvement in our results.”
The OSB segment reported net sales of $195 million for the second quarter of 2012, an increase from $141 million a year ago. Operating income for the OSB segment during the second quarter was $17 million, compared with a loss of $23 million in the second quarter of 2011. The company reported that sales volumes were up 13% with sales price increasing by 22%. LP is currently operating seven OSB facilities and has indefinitely curtailed three other plants due to market conditions.
The company’s siding segment reported net sales of $137 million in the second quarter of 2012, an increase of 16% from $119 million in the year-ago second quarter. For the second quarter of 2012, LP posted operating income of $19 million for its siding products, compared with $11 million in the year-ago quarter.
The Engineered Wood Product (EWP) segment, comprised of I-Joist, Laminated Veneer Lumber and Laminated Strand Lumber, registered sales of $52 million in the second quarter, a slight decrease from a year ago. Operating losses was $3 million for both the second quarter of 2012 and for the second quarter of 2011.
The Nashville, Tenn.-based company’s outlook for the second half of the year was “cautiously optimistic,” according to a released statement. “Though it appears that the general economy may be slowing, housing activity continues to improve,” said Stevens.