Beacon Roofing Supply, the Peabody, Mass., distributor of roofing and other housing exterior materials, posted net sales of $575.6 million for its fourth fiscal quarter, a 19.3% rise over sales of $482.6 million in the same quarter last year.
Toano, Va.-based Lumber Liquidators has agreed to acquire certain assets of Sequoia Floorings relating to Sequoia’s quality control and assurance, product development and logistics operations in China.
Southern Diversified Products, producer of Mythic Paint, has relocated its headquarters to a new Hattiesburg, Miss., location. The company cited a need for larger space and greater potential for future expansion as the main reason for the move. The company also added that the entire office has been painted with Mythic Paint brand products.
San Diego-based WD-40 Co. posted third-quarter net sales of $85.5 million, an increase of 4% compared with the same quarter last year. Net income, however, slipped 12% to $8.1 million for the quarter ended May 31.
CEO Garry Ridge pointed to increases in commodity prices that have negatively impacted the company's gross margin, which was 49.3% in the third quarter, compared with 51.2% in the same quarter last year.
Builders FirstSource, one of the industry’s largest pro dealers, reported sales of $147.1 million for its fourth fiscal quarter, a 4.5% decline over sales of $154.0 million a year ago. The company estimates that sales increased 3.1% due to commodity inflation, but decreased approximately 7.6% due to volume and competitive pricing.
Net loss for the fourth quarter of 2010 was $24.6 million, compared with net income of $6.6 million for the fourth quarter of 2009.