HD Supply narrows loss, increases sales in Q3
Atlanta-based HD Supply reported a third-quarter net loss of $99 million, compared with a loss of $267 million for the same period last year.
Sales for the three-month period ended Oct. 31 were $1.99 billion, up 3.2% from $1.93 billion reported last year.
“In the face of continued economic headwinds, the third quarter’s improved results reflect HD Supply’s initiatives to accelerate sales and grow market share with unparalleled customer service. These measurable results and the teams’ corresponding profitable growth momentum position the company well for immediate and long-term success,” stated Joe DeAngelo, CEO of HD Supply.
iLevel promotes an easy eco-labeling option with SFI
Pro dealers will soon be seeing an Sustainable Forestry Initiative (SFI) Certified Fiber Sourcing label on iLevel by Weyerhauser lumber products.
The innovation represents a much simpler method to identify the eco-pedigree of lumber, compared with the chain-of-ownership documentation and paperwork currently required by the Forest Stewardship Council, mandated for certain LEED points.
In addition to a plan to include an SFI Certified Fiber Sourcing logo on product wrap, the company will be stamping the logo on each lumber and engineered wood product piece by the end of January. Builders can quickly spot these products in lumberyards and visibly demonstrate during construction their commitment to using responsible materials, according to iLevel.
"As green building becomes the norm, our customers want to know that the wood products they’re investing in are grown and harvested to high standards," added Carlos Guilherme, VP sales and marketing for iLevel. "The label on iLevel product wrap shows the bundle meets the SFI Certified Fiber Sourcing Standard, and labeling individual pieces further reinforces this certification, even after the bundle is separated."
The SFI Certified Fiber Sourcing Standard indicates that iLevel knows where all of its wood comes from. iLevel includes the following factors in its own forests, as well as those of its suppliers:
• Required use of best management practices to protect water quality
• Required use of qualified logging professionals
• Avoidance of controversial sources
• Outreach to family forest owners on how to manage their forests sustainably
• Support for research to improve sustainable forestry
ProBuild reveals list of closures
ProBuild Holdings, which confirmed last Friday that it was closing 20 of its units across the nation, announced 16 of the locations late Monday. The closures include lumber yards, component facilities, gypsum yards, and millwork facilities in both large and small markets, the Denver-based company said.
“Some of these locations are being consolidated with other locations nearby, while others are being mothballed until the construction industry conditions improve,” the prepared statement said. “Those facilities can be restarted quickly once we see a turnaround.”
The lists of 16 closures include:
Newberg, Ore., lumberyard Auburn, Wash., framing business Sequim, Wash., lumberyard Sacramento, Calif., lumberyard Phoenix, Ariz., truss facility Poway, Calif., retail home center Cottonwood, Ariz., lumberyard Orem, Utah, lumberyard Jackson, Wis., lumberyard Gainesville, Va., millwork and windows facility Dry Ridge, Ky., truss facility Franklin, Tenn., components facility Augusta, Ga., framing/gypsum facility Jacksonville, Fla., lumber/gypsum/millwork North Charlotte, N.C., lumberyard Easton, Md., gypsum.
The company pointed to two line-of-business closures:
National City, Calif., truss plant only Waldorf, Md., truss plant only.
The remaining four closures are “pending,” according to ProBuild’s announcement. No timeline was given for the shutdown, but vendors told Home Channel News they were asked to remove their inventory by the end of the year. In Poway, Calif., a retail-oriented home center was already holding a 30% off clearance sale last weekend.