Parr Lumber honored by Builders Group
Central Oregon Builders Association (COBA) has named Parr Lumber as its Materials Supplier of the Year at the organization’s annual Excellence Awards Gala. COBA, a nonprofit trade association, promotes high ethical standards within the building industry and provides services to its members who hail from Crook, Deschutes, Harney and Jefferson counties. COBA serves an important role in the region improving and upholding quality craftsmanship and encouraging best practices and ethical behavior from its members. A significant percentage of the area’s economy is affected by the health and success of the building industry.
“Parr Lumber is honored to be recognized as Materials Supplier of the Year by COBA, an organization whose standards are truly top-notch,” said David Hamill, CEO of Parr Lumber.
Parr Lumber serves both large production builders and smaller builders, remodelers and contractors. Recently Parr Lumber was also named Supplier of the Year by the Building Industry of Clark County.
Based in Hillsboro, Ore., the Parr Company consists of six distinct business units that operates 38 facilities in Oregon, Washington and Arizona including pro/retail building material yards, contractor focused facilities and cabinet outlets. . It was established in the Pacific Northwest in 1930 by Dwight Parr, Sr. The Parr Company remains a locally owned family business operated by the grandchildren of the founder.
New decking line enters Lowe’s
The Empire Co., a wholly owned subsidiary of New Zealand-based Tenon LTD, has been selected as the exclusive distribution partner for Eastman Chemical Company’s new Perennial Wood decking product into Lowe’s stores.
Eastman is a Fortune 500 company with more than 80 years of history in acetylating wood pulp, according to the announcement. In 2010, 13% of Eastman’s total revenues were derived from sales of raw materials to the building and construction industry.
While Empire is the exclusive distribution partner to Lowe’s, Boston Cedar is Perennial Wood’s initial partner for distribution to the LBM channel.
Perennial Wood is real wood that has been modified to resist changes from moisture, such as shrinking, swelling and movement. It is made possible through TruLast Technology, Eastman’s proprietary modification process that provides a physical barrier throughout that is warranted to protect against rot, decay and movement for 25 years. Perennial Wood is three times more stable than unmodified wood, resulting in less shrinking and swelling that cause cracking, cupping and warping without sacrificing the beauty of real wood, the company said. The first commercially marketed product line is Perennial Wood decking.
Empire distributes softwood and hardwood molding and PVC trim throughout the eastern United States.
Tony Johnston, chief operating officer of parent company Tenon, said: “We believe the market receptiveness for Perennial Wood decking into the $4 billion North American decking and railing market segment will be strong, and that other outdoor applications will be equally well received in the future. We are very excited to be associated with the introduction of this new product platform, and we will be doing our part to ensure its success in the marketplace.”
Q4 sales rise 31% at Builders FirstSource
Dallas-based pro dealer Builders FirstSource reported sales of $192.7 million for its fourth fiscal quarter, an increase of 31.0% from sales of $147.1 million in the fourth quarter a year ago. The company estimated that sales increased approximately 29% due to increased sales volume and 2% due to price.
Net loss for the quarter, which ended Dec. 31, 2011, was $16.7 million, compared with $24.6 million in the corresponding period a year ago.
Commenting on the quarter, Builders FirstSource CEO Floyd Sherman said: “We accomplished this substantial sales increase despite actual U.S. single-family starts increasing only 4.7%, the average number of U.S. single-family units under construction decreasing 10.7%, and average commodity prices being relatively flat during the quarter.”
For fiscal year 2011, the southeastern LBM chain ended the year with sales of $779.1 million, up 11.2% over fiscal year 2010 sales of $700.3 million.
Net loss for 2011 was $65 million, compared with $95.5 million in 2010.
“We continue to open a significant number of new accounts and increase our sales with the national builders,” Sherman continued. “In addition, our improved liquidity made possible by our new term loan enabled us to take advantage of opportunistic inventory buys toward the end of the year. Our strong inventory position at year-end should allow us to cover our customer requirements in the first quarter of 2012, and also give our sales force the flexibility to continue to pursue new sales opportunities.
“Though 2011 presented us with the fewest number of U.S. single-family housing starts since this downturn began, we significantly improved our results through the continued execution of our strategy, which focuses on pricing discipline, cost containment, preserving liquidity and providing superior customer service,” he added. “I believe that through the dedication and sacrifices of our employees, we have positioned Builders FirstSource to outperform the competition and take full advantage of the expected housing recovery in our markets. I am truly excited about the future of our company, and am ever-grateful for our employees, customers and vendors that have partnered with us during these trying times.”