The companys planned actions will deliver $160 to $170 million in annual pre-tax cost savings, with approximately $25 to $35 million of savings projected in 2020.
Latest In Building Materials/Construction
The April figure is 3.0% above the April 2019 estimate of $1,307.1 billion.
Tracking industry and customer data can provide distributors with a window into future planning as the market continues to shift during the coronavirus crisis. Channel Marketing Groups David Gordon suggests elements to consider, ranging from pricing pressures to the availability of talent.
The October figure is 11.1% above the November 2018 estimate.
The October figure is 1.1% above the October 2018 estimate.
The acquisition of Wallboard Supply exposes Foundation to the growing Colorado Spring Market.
Building materials distributor expands its network into Ohio.
The acquisition brings industry veterans to the building supply distributor
Dexmet Corporation manufactures specialty materials for surfaces in aerospace, automotive and industrial applications.
US LBM division expands with third roofing and siding focused location.
Troy Dally previously served as a senior vice president at Lowes.
John Hay was most recently a 84 Lumber store manager.
Profit rose to $2.5 billion during the first quarter.
Profit grew 53.9% during the quarter.
The company reported a loss of $74.1 million during the quarter.
Building materials distribution segment sales were down 8.6% year-over-year.
Profit for the quarter was $3.5 million.
Profit was up 32.7% from the same quarter a year ago.
The deal will build Foundations market presence in the downtown Toronto commercial market.
