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 …
BMHC Posts $45.2M Loss for 3Q
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 …
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