ABC Supply names 26 new managing partners
Exterior building products distributor ABC Supply has promoted 26 branch managers from around the country to the position of managing partner. In their new positions, the managing partners will continue to oversee their respective branches while taking on additional responsibilities. They have become members of ABC Supply’s National Branch Advisory Board, which advises senior management on a wide range of topics, including strategic initiatives, branch expansion, product development, technology, branch operation and company policy.
To be selected for the managing partner program, the managers met stringent criteria in the areas of customer satisfaction, associate development, improvement in branch performance, safety compliance and excellence in overall business practices
The new managing partners are: Raymond Ace of Warminster, Pa.; Jeffrey Anderson of Monrovia, Calif.; John Baratta of Stratford, Conn.; Todd Bardell of Freeport, Ill.; Matt Bowen of Harrisburg, Pa.; Tim Bowen of Stanton, Del.; Rick Desrochers of Avon, Mass.; Jeff Faulkner of Oklahoma City; Chris Flatley of Grand Rapids, Mich.; Chad Jenkins of Collinsville, Ill.; Eric LaBenz of Omaha, Neb.; Joe Mays of Riverdale, N.J.; Joshua McGrath of Woburn, Mass.; Jason McKinley of Mesa, Ariz.; Bryan Morris of Kansas City, Kan.; TJ Neil of Denver; Gregory Oechsle of Rochester, N.Y.; Giovanni Petrole of Plainfield, N.J.; Connie Prevatt of Fort Myers, Fla.; Scott Roller of Tampa, Fla.; Teressa Schaafsma of Toledo, Ohio; Steve Shearer of Fort Lauderdale, Fla.; Michael Stanley of Addison, Ill.; Barry Talbert of Winston-Salem, N.C.; Matthew Tobin of Chesapeake, Va.; and Andrew Wroten of Jarvisburg, N.C.
The new managing partners continue to oversee their respective branches while taking on additional responsibilities. They have become members of ABC Supply’s National Branch Advisory Board, which advises senior management on a wide range of topics, including strategic initiatives, branch expansion, product development, technology, branch operation and company policy.
To be selected for the managing partner program, these managers met stringent criteria in the areas of customer satisfaction, associate development, improvement in branch performance, safety compliance and excellence in overall business practices.
“These 26 branch managers have demonstrated outstanding leadership skills and a solid commitment to their teams, customers and communities, and we’re proud to recognize them for their all-around efforts,” said David Luck, ABC Supply’s CEO and president. “As managing partners, these individuals have key roles in our continuous improvement efforts. They serve as vital conduits of information about day-to-day operations in our branches, what is working well, and where our branches need new or improved tools and support.”
Based in Beloit, Wis., ABC Supply operates more than 450 branches in 45 states and 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.
Mixed results for Jewett-Cameron in fourth quarter
Jewett-Cameron Trading Company reported fourth-quarter sales of $10.8 million, down 3.6% from the same quarter a year ago.
Net income for the distributor increased to $771,034, up 19% from the year ago period.
"We have continued to focus on our strengths of being a reliable and valuable supplier of quality products to our customers. Our successful efforts are reflected in our higher sales and income from operations for the year," said CEO Don Boone. "We also began shipping several new products to complement our existing product lines. However, higher material and transportation costs continue to have a negative effect on our margins."
For the fiscal year ended Aug. 31, Jewett-Cameron reported net income after other items and income taxes of $3,059,931, on sales of $45.95 million, compared with net income of $902,394 on sales of $42.06 million, reported for fiscal 2011.
The net income in the current year was positively affected by litigation income and related interest of $1,457,096. The prior years’ results were negatively affected by a litigation loss and related interest expenses of $1,402,863.
Sales for the fourth quarter of fiscal 2012 totaled $10.8 million compared with sales of $11.2 million for the fourth quarter of fiscal 2011. The company reported net income of $771,034, or $0.45 per diluted share, compared with net income of $647,456, or $0.31 per diluted share, in the fourth quarter of fiscal 2011.
As of August 31, 2012, the company’s cash position was $7.3 million, and currently there is no borrowing against its $5.0 million line of credit.
Jewett-Cameron Trading Co. is a holding company that operates through subsidiary companies. Jewett-Cameron Lumber Corp. is a wholesaler of wood products and a manufacturer and distributor of specialty metal products, sold principally to home centers and other retailers. Greenwood Products is a processor and distributor of industrial wood and other specialty building products principally to customers in the marine and transportation industries. MSI-PRO is an importer and distributor of pneumatic air tools, industrial clamps, and the Avenger Products line of sawblades and other products. Jewett-Cameron Seed Company is a processor and distributor of agricultural seeds.
GAF hits 300 mark with Green Roofer program
GAF, one of North America’s largest roofing manufacturers, now has more than 300 professional roofing contractors who have qualified as members of the Certified Green Roofer program. Launched in 2010 and developed with partners like the U.S. Green Building Council (USGBC) and the Construction Materials Recycling Association (CMRA), the Certified Green Roofer program has paid more than $60,000 in incentive dollars to contractors for recycling.
Certified Green Roofers must pass a written test and complete a sustainability assessment before being admitted to the program. As a condition of membership, they commit to recycling shingles if they live in a state where recycling is available, and to joining their local chapter of the USGBC.
To help contractors find local recyclers, GAF sponsors the CMRA’s Web portal, and has helped it grow to a listing of almost 200 locations where contractors can recycle shingles.
“We found that our factory-certified contractors wanted a rigorous program where they could learn all aspects of sustainability and apply them to their businesses,” said Martin Grohman, GAF’s director of sustainability. “They also wanted to have a meaningful designation that they could use to demonstrate their commitment to sustainability. The rapid growth of the program shows the commitment that professional roofing contractors have to running their businesses in a sustainable way.”