San Francisco, CA-based Building Materials Holding Corp., a provider of building materials and construction services to professional residential builders and contractors, reported sales of $385 million for the second quarter of 2008, a decrease of 41% from the same quarter a year ago. The company reported a net loss of $31.9 million compare to a profit of $19.4 million for second quarter 2007.
For the six months ended June 30, 2008, sales decreased 38% to $728 million from the same period of 2007. BMHC reported a loss of $65.8 million for the first half of the year, compared to profit of $14.5 million the prior year.
Sales were significantly impacted by continued weakness in new home construction, with single-family building permits in the U.S. down 43% for …
Building Materials Holding Corp. Sales Down 41% in 2Q
San Francisco, CA-based Building Materials Holding Corp., a provider of building materials and construction services to professional residential builders and contractors, reported sales of $385 million for the second quarter of 2008, a decrease of 41% from the same quarter a year ago. The company reported a net loss of $31.9 million compare to a profit of $19.4 million for second quarter 2007.
For the six months ended June 30, 2008, sales decreased 38% to $728 million from the same period of 2007. BMHC reported a loss of $65.8 million for the first half of the year, compared to profit of $14.5 million the prior year.
Sales were significantly impacted by continued weakness in new home construction, with single-family building permits in the U.S. down 43% for …
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