Parr Lumber of Oregon joins LMC
Building material co-op Lumbermens Merchandising Corporation (LMC) has announced the addition of Hillsboro, Ore.-based Parr Lumber to its group of independent lumberyards. Parr Lumber has 30 locations in the Northwest and ranked 13th on the Home Channel News Top 200 Pro Dealer Scoreboard.
Wayne, Pa.-based LMC also announced the promotion of a new regional manager for its Mid-Atlantic Region. Jim Muthersbaugh will take on the position, after 12 years with the company. LMC said that during his last 10 years at the company, he has focused mainly on the lumber trading area, and has worked his way up to manager of LMC’s Futures Programs.
Loss widens at BlueLinx Holdings
Atlanta-based building products distribution giant BlueLinx Holdings is having some success in its emphasis on value-added specialty products, but it couldn’t hold off total sales declines in the second quarter.
BlueLinx posted a loss of $9.8 million in the quarter ended July 2, compared with a net loss of $3.4 million in the same quarter last year. Revenues declined 7.4% to $500.8 million.
While structural product sales declined 27.1%, the company pointed to growth of specialty product as an achievement — the category increased 10.7% in the quarter. CEO George Judd said the company successfully expanded its specialty products to more than 60% of total sales, and specialty product unit volumes increased 16.5% compared with a year ago — a new record for quarterly volume growth in the category.
"In addition, we generated solid margins in the face of competitive pricing pressures, demonstrated diligent cost management and delivered high-quality customer service," Judd said. "I am pleased to see our specialty business responding to our targeted growth initiatives."
Wood products sales decline at Weyerhaeuser
Wood products producer Weyerhaeuser reported revenues of $1.64 billion for its second fiscal quarter, a 2% drop from $1.61 billion in revenues during the same period last year.
Sales in Weyerhaeuser’s wood products segment dropped 10.3% to $726 million from $809 million a year ago.
The Federal Way, Wash.-based company, which also operates divisions in timber sales, cellulose fibers and real estate, registered a profit of $10 million, compared with $14 million in the second quarter of 2011. Excluding one-time charges, earnings in the most recent quarter were $32 million.
Operating losses for the wood products division, which includes dimensional lumber, engineered wood products, oriented strand board (OSB) and plywood, were posted at $61 million in the second quarter of 2011, compared with a loss of $4 million a year earlier ago.
Excluding the sale of its hardwood products division, Weyerhaeuser said it anticipates “a comparable loss from the [wood products] segment in the third quarter." The company also said it "expects lower selling prices for lumber and oriented strand board and lower sales volumes across most product lines, offset by lower log costs and modest cost improvements."