The 2020 Mid-Year Economic Update_long

Stock Building Supply Sales Jump 27% in 2013

Stock Building 4Q sales up 21% year-over-year.

Stock Building Supply Holdings, Inc. (NASDAQ: STCK), Raleigh, NC, reported full year sales for 2013 of $1.2 billion, an increase of 27 percent from 2012. The company reported a loss of $4.6 million for the year, compared to a loss of $14.5 million in 2012.

Fourth quarter sales were $305.2 million, an increase of 21 percent from the same period the previous year. Profit increased to $3 million, compared to a net loss of $3.8 million from the previous year.

"During the fourth quarter of 2013, the U.S. housing industry continued its recovery and our business delivered strong revenue growth and profit improvement," said Jeff Rea, CEO of Stock Building Supply. "Over the course of 2013, our net sales to single-family homebuilders grew nearly 31 percent and our net sales to remodeling contractors increased over 18 percent."

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