LUMBERYARDS

American Woodmark swings to a profit

BY HBSDEALER Staff

Winchester, Va.-based American Woodmark Corp. saw sales rise 26% in the fourth quarter, with double-digit gains in each of its sales channels. 

Net sales for the quarter ended April 30 reached $171.1 million, as it swung to a profit of  $5.2 million, compared with a fourth-quarter loss of $6.0 million in 2012.

The company manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. Its products are sold on a national basis directly to home centers, major builders and through a network of independent distributors.

Boosted by new construction sales and an improving housing industry, net sales rose by 22% to $630.4 million during the company’s entire fiscal year 2013. The company generated net income for the entire fiscal year 2013 of $9.8 million, compared with a net loss in fiscal year 2012 of $20.8 million.

The company said its performance was favorably impacted by reductions in labor and overhead costs associated with its previous restructuring actions, by the beneficial impact of higher sales volume and the absence of the prior year’s inventory write-down. This favorability was partially offset by the impact of rising materials costs.  

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Shaped to beat high winds

BY HBSDealer Staff

What’s the secret to building a house to withstand hurricanes and high winds? Deltec Homes believes it has an answer: make them round.

Asheville, N.C.-based Deltec Homes makes prefabricated circular houses that have  sustained their structure through several rigorous storms, including Hurricane Katrina and Hurricane Sandy. During its 45-year history, the company says it has have never lost a house to high winds. 

"We understand what it takes to build a home in a severe wind environment," said Steve Linton, president of Deltec. "From design to construction to permitting, we are focused on the details of building the most durable home possible for the harshest weather."

The circular design and innovative engineering of the homes have sustained its structure through several rigorous storms including Hurricane Katrina and Hurricane Sandy. During their 45-year history, they have never lost a house to high winds, the company said.

The circular shape allow winds to flow around the house, dramatically reducing the air pressure on the exterior walls and roof and diminishing the risk of collapse or damage.

Also, the roof and floor trusses radiate from the center of the house, helping it remain intact by spreading the energy from the high winds throughout the structure instead of allowing it to build up in one area.

Deltec homes are prefabricated in a manufacturing facility in Asheville, N.C. The home is designed and built with panelized sections then shipped to the building site and assembled.

Construction cost for a Deltec home is between $125 and $200 per square foot of finished space, or approximately $250,000 to $400,000 total for a 2,000-square-foot home, not including the cost of the lot, according to the company. 

 

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ABC Supply acquires JB Supply facility

BY HBSDEALER Staff

Beloit, Wis.-based ABC Supply Co. has acquired the inventory and select equipment previously owned by JB Supply Co., a distributor of roofing, siding and other exterior building products in Flint, Mich.

JB Supply had one location at 3497 Dolan Dr. in Flint.

The former JB Supply facility will operate as an ABC Supply branch. It will be ABC Supply’s first facility in Flint and fills a geographic gap between the company’s locations in Saginaw, Mich., to the northwest and the Detroit metropolitan market to the southeast. 

“This acquisition gives us a presence in this part of the Flint/Tri-Cities region of Michigan for the first time,” said ABC Supply’s CEO David Luck. “It continues our expansion in Michigan and builds on our acquisition earlier this year of Lee Wholesale Supply and its four locations in the Detroit market area, allowing us to provide more seamless service to contractors throughout this area of the state.” 

Terms of the deal were not revealed.

The Flint branch will continue to offer a wide variety of steep-slope roofing products, as well as siding, low-slope roofing systems, gutter, windows and doors. That product offering will also be expanded with additional, complementary, products and services, said Jim Welch, VP of ABC Supply’s Midwest Region. 

“We’re excited to become part of the Flint community,” Welch said. “We welcome the former JB Supply team and their customers to the ABC Supply family and look forward to working with them.” 

Headquartered in Beloit, Wis., ABC Supply has more than 450 branches in 45 states.

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