The 2020 Mid-Year Economic Update_long

Stock Building Supply Sales Up 8.2% in 2014

Fourth quarter sales increase 3.9 percent year-over-year.

Stock Building Supply Holdings Inc. (NASDAQ: STCK), Raleigh, NC, reported sales for 2014 of $1.3 billion, an increase of 8.2 percent from the previous year. Profit was $10.4 million, compared to a loss of $6.5 million reported in 2013.

Fourth quarter sales were $317.1 million, an increase of 3.9 percent from the same period the previous year. Profit increased 5 percent to $3.1 million.

"During 2014, the U.S. housing market maintained a gradual and steady pace of recovery and our business teams continued to drive solid relative growth across our end-use market segments," said Jeff Rea, CEO. "In addition, we continued to invest in our distribution, manufacturing and technology platforms to expand our strategic service capabilities, which we believe will enhance our profitable growth potential."

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