Stock CEO approves of macro trends
Jeffrey Rea, CEO of Stock Building Supply, offered investors a favorable view of economic trends affecting LBM.
In a statement accompanying the company’s third-quarter earnings report, Rea said:
"While we expect the normal seasonal and weather-related slowdown in our business as we enter the winter months, we believe macroeconomic trends remain favorable for year-over-year improvement in our core markets. With the short- and mid-term objective of accelerating both our revenue growth and profitability, we plan to continue to invest in our strategic initiatives to better serve our core customers, expand our capacity and increase our operating capabilities."
Stock posted a sales gain of 28.4% in the quarter.