6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
The company incurred a net loss of $13.5 million for the quarter, compared with a net loss of $2.6 million in the year-ago period.
"Although demand remains near all time lows, I believe that 2009 represents the bottom of this prolonged decline. Long-term demand for housing remains favorable and we are now focused on increasing our share of the market," said George Judd, president and CEO. "In spite of the weak structural product market, the Company produced gross margins of 12.3% which is significantly higher than historical margins."
For the nine months ended Oct. 3, net loss totaled $73.5 million, on sales of $1.28 billion, compared with a net loss of $6.6 million, on sales of $2.28 billion a year ago.