The 2020 Mid-Year Economic Update_long

84 Lumber Sales in 2006 Hold Steady from 2005


84 Lumber Company, Eighty Four, PA, a privately held supplier of building materials and services to professional contractors, posted $3.92 billion in sales for 2006, holding steady from 2005.


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"Despite a tough year in the housing market with starts dramatically down in the second half of the year and material prices depressed, we saw benefits from our three-year strategic growth plan launched in April of 2006. We increased market share and sold more product, which are positive signs as we move into 2007, said 84 Lumber Company President Maggie Hardy Magerko.


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The company is on track to add at least 23 new stores this year in high-growth markets, as well as 11 component manufacturing ...

84 Lumber Company, Eighty Four, PA, a privately held supplier of building materials and services to professional contractors, posted $3.92 billion in sales for 2006, holding steady from 2005.


&nbsp ;


“Despite a tough year in the housing market with starts dramatically down in the second half of the year and material prices depressed, we saw benefits from our three-year strategic growth plan launched in April of 2006. We increased market share and sold more product, which are positive signs as we move into 2007, said 84 Lumber Company President Maggie Hardy Magerko.


&nbsp ;


The company is on track to add at least 23 new stores this year in high-growth markets, as well as 11 component manufacturing plants.


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In 2006, 84 Lumber opened 26 new stores and one component manufacturing facility.


The company also made a significant investment in the Gulf Coast region in the wake of


Hurricane Katrina to be properly positioned in the region as the rebuilding gains traction.

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