San Francisco, CA-based Building Materials Holding Corp., a provider of building materials and construction services to professional residential builders and contractors, reported sales for the fourth quarter 2007 fell 30% to $419 million. For the year, sales decreased 29% to $2.3 billion from $3.2 billion in 2006.
Net loss for the fourth quarter of 2007 was $331.3 million compared with profit of $4.5 million in the same quarter a year ago.
Net loss for the year was $312.7 million compared with profit of $102.1 million in 2006.
Homebuilding market conditions significantly deteriorated during the fourth quarter and continued to impact our operating results,” said Robert E. Mellor, CEO. “New home construction slowed dramatically on a national basis as …
Building Materials Holding Corp. Sales Fall 29% in 2007
San Francisco, CA-based Building Materials Holding Corp., a provider of building materials and construction services to professional residential builders and contractors, reported sales for the fourth quarter 2007 fell 30% to $419 million. For the year, sales decreased 29% to $2.3 billion from $3.2 billion in 2006.
Net loss for the fourth quarter of 2007 was $331.3 million compared with profit of $4.5 million in the same quarter a year ago.
Net loss for the year was $312.7 million compared with profit of $102.1 million in 2006.
Homebuilding market conditions significantly deteriorated during the fourth quarter and continued to impact our operating results,” said Robert E. Mellor, CEO. “New home construction slowed dramatically on a national basis as …
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