Delaware lumberyard closes after 75 years
Young Lumber, a dealer based in New Castle, Del., has closed, according to an article in The News Journal.
Founded in 1935, the family-owned business served builders in the Delaware, Philadelphia and New Jersey markets. In 2008, the company did $50.4 million in sales out of two locations, according to the Home Channel New Top 350 Pro Dealers Scorecard.
Company president Tom Shea, a third-generation owner, blamed falling housing starts and cash-flow problems for the lumberyards’ closure.
Temple-Inland reports sales gains for full year and Q4
Austin, Texas-based Temple-Inland reported sales of building products for the fourth quarter were $146 million, up 12.3% from $130 million in the same quarter last year.
The building products and packaging company posted total 2010 earnings of $168 million, down 18.4% from $206 million in 2009. Excluding special items, net income was $100 million for the year, up from $78 million in 2009.
"In Building Products, despite housing markets that remained at depressed levels, we generated $22 million in EBITDA in 2010, an increase of $5 million compared with 2009," said chairman and CEO Doyle Simons. "We continue to benefit from our low-cost facilities, favorable geographic footprint and mix of products."
The Building Products division posted an operating loss of $19 million in 2010, compared with an operating loss of $27 million in 2009.
Building Products operating results improved in 2010 compared with 2009 primarily due to higher lumber prices and improved volumes for all products that were partially offset by higher input costs and lower gypsum pricing, the company said. Operating results declined in the fourth quarter of 2010 compared with the third quarter of 2010, due to lower gypsum prices and lower gypsum and lumber volumes.
Simon added that the company is focused on "generating cash and returning to profitability" in the building products division.
Total company sales for Temple-Inland were $952 million in the quarter and $3.799 billion for the year, increases of 12.7% and 6.2%, respectively.
BMC opens second Houston-area facility
BMC has opened an additional yard in north Houston. The new lumber and building materials facility will augment BMC’s existing lumber business presently located in Rosenberg, Texas, southwest of Houston, the company said.
“Our Houston market, already one of the strongest in the nation and growing, will be supported with the opening of this facility,” said Peter Alexander, BMC CEO.
The site includes an office and warehouse space of approximately 15,000 sq. ft. located on 11 acres at 7355 West Rd. that will serve as a point of distribution for lumber and building materials for construction activities in the north Houston market. The facility is served by rail.
The two lumber operations will allow BMC to serve production and custom home builders and repair and remodel contractors in the entire Houston market, the company said.