Posts Tagged ‘ Stock Building Supply ’

Stock Building Supply Reports Increased Sales, Overall Q4 Loss

Mar 17th, 2016

After completing the merger with Building Material Holdings Corp. (BMC), Atlanta-based Stock Building Supply reported a loss in the fourth quarter (Q4) of 2015. Despite sales increasing 63.6 percent compared to 2014, the company experienced a total loss of $7.4 million, compared to an income of $4.0 million the previous year. Other report highlights include: […]

BMC and Stock Building Supply Complete Merger

Dec 3rd, 2015

The merger of Stock Building Supply Holdings Inc. and Building Materials Holding Corporation, which was first announced in June, is now official. The new company, BMC Stock Holdings Inc., will continue to operate under the BMC and Stock Building Supply brands. The combined company’s common stock will trade on the NASDAQ Exchange under the ticker […]

Stock Building Supply and BMC Merge to Form a New Entity

Jun 16th, 2015

Two large building supply companies think they can do it better together. Stock Building Supply Holdings Inc. and Building Materials Holding Corp. (BMC), have signed a definitive merger agreement under which the two companies will combine in an all-stock transaction. The combined company is expected to have an implied pro forma enterprise value of $1.5 billion based on Stock Building […]

Stock Building Supply Earnings Up in Fourth Quarter of 2014

Feb 26th, 2015

Stock Building Supply of Raleigh, N.C., reported on Tuesday that its fourth-quarter net sales rose to $317.1 million, a 3.9 percent increase from the fourth quarter of 2013. However, the retailer of doors, windows and other building materials reported an adjusted net income of $3 million, or 12 cents per share. That was down from […]

Stock Building Supply Announces 2014 Third Quarter Results

Oct 30th, 2014

Stock Building Supply Holdings, Inc. has good news for its investors. The company recently released its financial results for the third quarter, ended September 30, 2014. The highlights include: Net sales of $354.1 million, up 7.8 percent, compared to $328.5 million in the prior year period. Operating income of $8.4 million, compared to operating loss […]

Stock Building Supply Opens New Facility Serving Charlotte

Jul 3rd, 2014

Stock Building Supply Holdings Inc., has opened a new lumber and building materials distribution facility serving the Charlotte, North Carolina area. In Troutman, North Carolina, a full-service lumber and building materials distribution facility, design center and showroom is now open to serve growing customer demand. This facility will join the existing store in Rock Hill, […]

Stock Building Supply Announces Closing of IPO

Aug 16th, 2013

Stock Building Supply Holdings, Inc. (Stock Building Supply) announced that it has closed its previously announced underwritten initial public offering of 7,000,000 shares of its common stock at a price to the public of $14.00 per share. Stock Building Supply sold 4,411,765 shares and certain selling stockholders sold 2,588,235 shares. In connection with the initial […]

Stock Building Supply Purchases Assets of Total Building Services Group

Jan 2nd, 2013

Stock Building Supply (Stock), a portfolio company of The Gores Group LLC, announced this week that it acquired the assets of Total Building Services Group LLC (TBSG), supplier of structural components and architectural millwork in Atlanta. The acquisition will allow the company to expand further in the Atlanta market. “Atlanta is an important market for […]

The Gores Group Acquires Remaining Interest in Stock Building Supply

Nov 18th, 2011

The Gores Group, a private equity firm, announced that it has furthered its commitment to Stock Building Supply Holdings LLC by acquiring Wolseley plc’s remaining minority interest in Stock. The Gores Group acquired a controlling interest in Stock, on May 5, 2009. Terms of the transaction were not disclosed. “We have high expectations for Stock, […]

Stock Building Supply Names New CEO

Nov 22nd, 2010

Stock Building Supply Holdings LLC has announced the appointment of Jeffrey G. Rea as chief executive officer. Rea most recently served as president of Tyco Electronics Specialty Products Group. While serving in this role, Rea implemented double-digit organic growth strategies, led a significant increase in strategic investments and organization capability while delivering strong operational performance, […]