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84 Lumber climbs Forbes rankings

The pro dealer climbs 35 spots on listing of largest private companies.

BY HBSDealer Staff

84 Lumber has been ranked #125 on Forbes’ annual list of America’s Largest Private Companies.

The pro dealer climbed 35 spots from its 2017 ranking. Altogether, the listing includes 229 businesses.

Under the “Retailing” category, the company ranks #14 among 22 companies. 84 Lumber has been featured on list nearly every year since it launched in 1985, and was also recognized by Forbes as one of America’s Best Midsize Employers in 2016 and 2017.

Forbes chooses the country’s largest private companies based on annual revenue, which must have exceeded $2 billion through the end of the most recent fiscal year. 84 Lumber surpassed $3.3 billion in sales in 2017 and has seen a steady upward trend in recent years. The company’s revenues were $2.3 billion, $2.5 billion, and $2.8 billion in 2014, 2015 and 2016 respectively.

With more than 250 locations and 5,500 associates nationwide, 84 Lumber is on pace to return to pre-recession status, when the company reached nearly $4 billion in annual revenue.

“We’re beyond excited to once again be recognized by Forbes as one of the country’s largest private companies,” said Maggie Hardy Magerko, owner and president of 84 Lumber. “But it’s even more thrilling to see how far we’ve come since those tough days during the recession. Our associates have dug deep over the last decade to get us back to where we were in the early 2000s. This honor is a true testament of their continued hard work and dedication.”

Rounding out the top five on this year’s list are perennial leaders Cargill, Koch Industries, Albertsons, Deloitte and PricewaterhouseCoopers.

Based in Eighty Four, Pa., 84 Lumber operates more than 250 locations,

component manufacturing plants, custom door shops, custom millwork shops and engineered wood product centers in more than 30 states. 84 Lumber also offers turnkey installation services for a variety of products, including framing, insulation, siding, windows, roofing, decking and drywall.

 

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