Boise Cascade shows sales gains in Q3
Boise, Idaho-based Boise Cascade Co. reported third-quarter sales of $878.0 million, up 15% from the same quarter a year ago.
Net income was $15.9 million, down from $23.5 million in the same quarter last year.
CEO Tom Carlile described solid operating performances in both of the company’s businesses – distribution and wood products.
“Our distribution business rebounded sharply from a challenging second quarter and posted strong sales and earnings growth sequentially and compared with the prior-year quarter,” he said. “Wood Products executed well on internal veneer production, which allowed us to grow engineered wood product sales while maintaining plywood sales volumes.”
He added that the company completed the acquisition of two plywood operations in the Carolinas. “These added facilities position us well to support our existing, as well as new, customers in the Southeast.”
The wood products third-quarter segment sales, including sales to the company’s Building Materials Distribution, were $283.2 million, an increase of 9% from the year-ago quarter.
The building material distribution segment sales were $721.5 million in the third quarter, up 19% or $116.3 million from the same quarter a year ago.
For the remainder of 2013, the company expects to continue to experience demand below 20-year average historical levels for its products. However, the housing industry has shown signs of improvement in the United States, and says it is “optimistic that the improvement in demand for our products will continue.”
Bradley Farnsworth to speak at ProDealer Industry Summit
Bradley T. Farnsworth, president of The Farnsworth Group, will be among five speakers scheduled to appear at this year’s ProDealer Industry Summit in Nashville, Tenn.
Farnsworth created the research-based consulting firm to serve the home improvement, residential building and commercial construction industries. He has ammassed a wealth of experience in category management, store positioning, market segmentation analysis and hybrid market concept development.
Prior to launching The Farnsworth Group, he was VP marketing and director of research for the National Retail Hardware Association (NRHA), where he played a key role as executive director in establishing the Home Improvement Research Institute (HIRI), which HCN is closely affiliated.
Additionally, Farnsworth has served in a VP capacity with Management Horizons, the market research and consulting division of PricewaterhouseCoopers.
The ProDealer Industry Summit, which is hosted jointly by HCN and the NLBMDA, will take place in Nashville, Tenn., Oct. 23-25 and will provide educational and networking opportunities for dealers, distributors, wholesalers and manufacturers.
Amerhart promotes Dave Destiche to VP marketing
Building materials distributor Amerhart has promoted Dave Destiche to VP marketing as part of a larger move to fill three key management positions.
Destiche will transition from his most recent role as branch manager of Amerhart-Sun Prairie. The Green Bay native brings more than 20 years of industry experience to the table and will be in charge of the company’s wood product marketing effort.
Destiche will be replaced by Ryan Chandler, who will assume his former branch manager role.
Amerhart is a prominent building materials distibutor in the Midwest, with seven locations in Wisconsin, Illionis, Michigan and Minnesota.