Content about Jeff Rea

July 29, 2014

Shares of Stock Building Supply were up Tuesday morning following the release of its second-quarter earnings report, which pointed to steady growth for the distributor.

Net sales for the three months ended June 30 were $344.6 million, up 9.5% from $314.7 million in the year-ago period.

Net income jumped to $5.6 million from $2.0 million in 2013, while operating income got a similarly significant boost to $8.9 million (compared with $3.9 million).

June 23, 2014

Raleigh, North Carolina-based Stock Building Supply has opened up a new lumber and building materials distribution facility in Troutman, which will serve the nearby Charlotte metro area.

February 26, 2014

Citing a housing market recovery, Raleigh, N.C.-based Stock Building Supply saw net sales increase 21% in the fourth quarter to $305.2 million. 

Stock CEO Jeff Rea added that the future looks bright. “As we look ahead to 2014, we are encouraged by macro-economic trends that generally support growth in residential new construction and remodeling activity.”

The company reported fourth-quarter income of $2.96 million, compared to a loss of $4.88 million in the same quarter last year. 

April 14, 2011

Mark Fikse has joined Stock Building Supply as the division president and general manager for the Southeast region, reporting to CEO Jeff Rea, according to a company statement. He will be responsible for business operations in North and South Carolina and Georgia.