LUMBERYARDS

Builders FirstSource swings to profit

BY HBSDealer Staff

Builders FirstSource achieved its highest sales level since 2006 as it swung to a profit in the second quarter ended June 30.

The Dallas-based pro dealer reported sales of $426.5 million, up 7.1% from the same quarter last year. Net income was $10.6 million, compared to a net loss of $48 million in the first quarter last year.

“We were able to achieve this high level of sales even though sales were reduced by commodity deflation this quarter, said Floyd Sherman, CEO.  He pointed to an average drop of 8.8% drop in market prices for lumber and lumber sheet goods in the quarter.  

Gross margin percentage was 22.0 percent, up from 20.7 percent last year. Gross margin percentage increased primarily due to improved customer pricing versus the second quarter of 2013.

The growth also came against a backdrop of disappointing residential construction statistics, he said.

Builders First Source acquired Houston-based Slone Lumber in the second quarter. “Evaluating attractive acquisition opportunities such as Slone will continue to be a key strategy of the company,” Sherman said. 

The company operates 54 units and 48 manufacturing facilities in 9 states. 

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ILBSA hosts 20th scholarship event

BY HBSDealer Staff

The Indiana Lumber & Builder’s Supply Association will host the 20th Sycamore Scramble Aug. 7 at Oak Tree Golf Course in Plainfield, Indiana.

This event benefits the Blair F. Collings Scholarship Program, which is one of the largest single scholarship granting programs in the LBM industry. 

The scholarship program is named to honor the memory of Blair Collings, the son of Ferguson Lumber owner Joe Collings, a past chairman of the National Lumber and Building Material Dealers Association.

Each year, the ILBSA grants thousands of dollars to employees and family members of ILBSA member companies, helping them afford quality higher education. The program has awarded slightly over $200,000 to member firm employees and their family members in college over the past 20 years, regardless of whether the firm is a traditional retail dealer or an industry supplier member.

With a rather in-depth application process, the students’ applications are “blind” judged by a panel of volunteers who consider grade-point average, extracurricular activities, campus and community service, and performance on an essay.  The judging is “blind”; i.e., the identity of the applicant, his/her company affiliation, and even hometown are not revealed to the panel. 

“The Sycamore Scramble and the Blair Collings Scholarship Program have become synonymous with providing unique and meaningful member services to ILBSA members and their employees”, said Rob Peters (Home Lumber of New Haven, Indiana), ILBSA President.  “The thousands of volunteer hours, not to mention dollars, invested in the program demonstrate the high energy and commitment of ILBSA members.”

For sponsorship or participation information, visit www.ilbsa.org.

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Weyerhaeuser Distribution in Fresno, Calif. celebrates 35 years

BY David Salazar

This week, Fresno California’s Weyerhaeuser Distribution center is commemorating 35 years in business this week.

Located at 3267 S. Willow Ave., the Fresno location is one of Washington-based Weyerhaeuser’s five distribution centers in California, and one of 23 in the U.S.

Among its clients who purchase various lumber products like decking and housewrap, as well as siding and trim, are White Pine Lumber, High Sierra Lumber and 84 Lumber. Beyond just wood, the center has on-site estimate services and rebar cutting.

“The Fresno facility is extremely well-run, with a staff-wide determination to provide the best possible service to dealer customers via a diverse product line, unique services and more frequent and timely delivery,” Weyerhaeuser Distribution VP Nate Jorgensen said. “It’s that type of dedication that has helped the facility thrive for 35 years.”

According to Sales Manager Ron Scherber, after 35 years, the store is focusing on “conducting time studies and reducing handling to boost efficiencies and accuracy.

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