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.


&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 ...

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.


&nbsp ;


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.

More Breaking News

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.