Year-over-year profit increased 9.7 percent for the first quarter.
Day: April 28, 2017
Profit decreases 10.2 percent during the quarter.
CEO: Company adding "seasoned executives" to leadership team.
The price index for gross domestic purchases increased 2.6 percent.
Raw materials price index dropped 1.6 percent due to lower prices for crude energy products.
Refining rebounds to boost company's quarterly earnings.
The company reported a loss of $5.3 million for the quarter.
Company's profit more than doubled in the quarter to $157 million.
SRS will continue to operate branches under the Kohl Building Products name.