US LBM expands Florida presence
US LBM’s flurry of expansion announcements continued yesterday, with the addition of Coastal Roofing Supply to the US LBM family of companies.
Founded in 2009 by Tony Mila, Coastal Roofing Supply provides commercial and residential roofing materials to central Florida through its Clearwater and Rockledge locations.
“We are excited and proud to join the US LBM team and the opportunity it brings to provide our customers with continued enhancements to our product and service offering to the Florida roofing contractor,” said Tony Mila, President. “This partnership will provide a platform for growth to our associates and partners well into the future.”
“Coastal Roofing Supply is a key strategic addition to the US LBM team, further expanding our roofing supply business in the Southeastern region,” said Jeff Umosella, COO of US LBM. “The dedicated and knowledgeable team at Coastal enjoy success by providing a local feel and focus to their customers, which aligns perfectly with the goals of US LBM. We are excited to partner with Coastal Roofing Supply and look forward to continuing and expanding on their past achievements while also focusing on growing their product and customer base.”
Coastal carries a full line of shingle, metal, and tile roofing, waterproofing products, specialized tools, accessories, and more.
The announcement caps a busy April for the Green Bay, Wis.-based US LBM team. It came into the month announcing the additions of Jones Lumber Company in Boca Raton, Fla.
Particularly active was the company’s Hines Supply division in Chicagoland. A news showroom in Grayslake, Ill., and the acquisition of Builders Roofing & Siding made headlines. Shortly afterwards, two-unit Mike’s Deck Center joined the Hines Supply team.
Also, US LBM’s Wisconsin Building Supply opened new locations in the Fond du Lac area.
“One of the benefits to working with the great team at US LBM, is our ability to react and make solid decisions quickly,” said Mike Kauchak, marketing manager. “This allows us to accomplish many things at once . Every day is exciting to say the least… and there’s plenty more happening down the road."
BLDR posts strong sales in tough winter
After the winter of 2014, executives have emphasized the impact of the weather in a high percentage of first-quarter reports. Dallas-based BuildersFirst Source is no exception.
Despite the cold — and the relatively flat construction activity — sales increased 8.2% to $345.9 million for the pro dealer.
The company posted a net loss of $3.4 million, compared with a net loss of $11.8 million in the same quarter last year.
"Despite the extreme winter weather that slowed construction activity across our markets and housing starts being relatively flat, we successfully grew sales and adjusted EBITDA on a year-over-year basis,” said Floyd Sherman, Builders FirstSource CEO. “Our sales increased 8.2% and adjusted EBITDA increased 59% when compared with the first quarter of 2013.”
Headwinds included a decline of 0.1% in south region single-family housing starts and commodity deflation, Sherman said.
“Our employees did a great job managing through the difficult weather conditions and again delivered strong financial results in the first quarter,” he added.
As a percentage of total sales, windows-and-door sales increased (22% of total sales versus 19.9% last year), and lumber and lumber sheet goods declined (33.4% versus 36.5% last year).
“We believe the underlying demand for new housing remains strong, and with the weather problems from earlier this year behind us, the pace of construction should accelerate over the coming months,” Sherman said.
Johns Manville pumps up mineral wool offerings in Canada
Denver-based Johns Manville is giving its Canadian customers greater access to its full line of insulation products through the addition of commercial and residential mineral wool.
“Mineral wool has long been a favorite product of Canadian building professionals, but there’s no longer just one game in town,” said Fred Stephan, SVP Insulation Systems at Johns Manville. “With JM mineral wool, building occupants benefit from acoustically superior environments, moisture protection and increased fire performance while contractors benefit from JM’s laser-like focus on customer service and range of product offerings, providing more options and resources across all insulation categories.”
The mineral wool has a high melting point of more than 1093 degrees Celsius, which helps delay the spread of fire and boosts privacy and noise reduction. Additionally, it seeks to reduce energy costs by keeping buildings warm in the winter and cool in the summer.
That’s because it’s made using an advanced manufacturing process that creates a high-fiber density using a low amount of shot material. The wool is easy to cut and is available in a range of thicknesses and sizes.
Last but not least, Johns Manville offers compression packaging for the wool, which means it can transfer 2,497 square meters of the product in one truckload — 603 square meters more than other manufacturers, the company says.