Stock Building Supply, Inc. (NASDAQ: STCK), Raleigh, NC, reported sales for the second quarter of $350.1 million, a 1.6 percent increase over the same period a year ago. Profit decreased 54.3 percent to $2.6 million.
"We continued to make investments in our e-business capabilities that we believe will provide differentiated customer service and help to accelerate operating profit as the housing market recovery progresses," said Jeff Rea, president and CEO.
For the first six months, sales were $647.7 million, up 3.7 percent over the same period one year ago. Profit was $4.4 million, up 89.4 percent from a year ago.