Sherwood Lumber offers storm-related aid
Islandia, N.Y.-based Sherwood Lumber, an LBM distributor, says it is living up to its corporate motto, which reads: “We’ll Be There.”
In response to the damage caused by Hurricane Sandy’s path through the Northeast, the company said it will give $10,000 on behalf of its customers and employees to The Red Cross, Long Island Harvest and Habitat for Humanity.
“It is our responsibility to support those who have supported us for so many years,” the company said in an email to customers.
The company will also match all contributions to any of the same three charities.
“The devastation to the lives and property of many of our associates, customers and neighbors cannot be exaggerated,” the email reads. “Living up to our motto of ‘We’ll Be There’ is not just a corporate slogan but a standard that we live by each day.”
Early estimates of Sandy’s damage are at about $50 billion.
BlueLinx swings to profit
BlueLinx Holdings, a leading distributor of building products in North America, reported revenues of $496.8 million for their third fiscal quarter, a 5.1% increase over revenues of $472.9 million for the same quarter a year ago.
Net income for the third quarter, which ended Sept. 29, was $3.1 million, compared with a net loss of $6.2 million in the same quarter of 2011.
In a prepared statement, George Judd, president and CEO of BlueLinx, said: “Looking forward, we have increased optimism that our business will continue to improve as general economic factors and leading indicators for our business point to improving market conditions and we continue to execute our strategy.”
For the nine months ended Sept. 29, net loss for the Atlanta-based distributor totaled $11.7 million, compared with a loss of $28.3 million for the corresponding period a year ago. Revenues for the nine months totaled $1.47 billion, up 7.6% from $1.36 billion the same period in 2011.
BMD partners with Marvin in Northern California
Building Material Distributors (BMD), a wholesale distributor of specialty building materials, has announced an agreement with Evolution Window & Door Co. for the exclusive northern California distribution rights of Marvin’s Integrity brand windows and doors. This transaction is effective Nov. 5.
“We look forward to the opportunity to offer our current northern California Marvin customers the full Marvin and Integrity families of products,” said Mike Garrison, Executive VP of BMD’s Marvin division. “As a full-service distributor for both the Marvin and Integrity lines, we are positioned to provide products to meet the ever changing needs of the market.”
BMD has distributed the Marvin Windows & Doors family of products for more than 30 years. Their distribution area includes California, Nevada, New Mexico, Colorado, and parts of Wyoming.