November 2008

Building Materials Holding Corp., San Francisco, CA, a provider of building materials and construction services to professional residential builders and contractors, reported sales for the third quarter of 2008 were $364 million, down 39% from the same quarter a year ago. The company reported a net loss of $45.2 million, compared to a net loss of $4.2 million in the third quarter of 2007.
 
For the nine months ended Sept. 30, 2008, sales decreased 39% to $1.1 billion from $1.8 billion in the same period of 2007. BMHC recorded a net loss of $111 million, compared to profit of $18.6 million for the prior year period.
 
As the unprecedented volatility in the capital markets and the downturn in the homebuilding industry persisted, we remained focused on our goal of …

Moro Corp., Wayne, PA, reported sales of $22.8 million for the third quarter 2008, an increase of 28.1% from 2007. Profit was $695,000, a decrease of 12.6%.
 
Less profitable contracts and the continuing decline in the housing market drove profitability downward for the Mechanical Contracting division, which deals mostly in HVAC products and services.
 
For the nine months ended Sept. 30, 2008, sales were $55.1 million, up 15% from the same period the prior year. Profit was $769,000, down 50% in a year-over-year comparison.
 
Moro is a construction products and services company engaged in the fabrication of concrete reinforcing steel (rebar), sheet metal (duct work), structural steel and process piping, the distribution of construction steel, miscellaneous …