Content about Raleigh

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.

May 15, 2014

Raleigh, North Carolina-based Stock Building Supply opened two new structural component plants, one in the Raleigh-Durham, North Carolina, market and the other near Salt Lake City. 

In Middlesex, North Carolina, production of roof and floor trusses recently began in a 36,000-sq.-ft. location. This facility will join existing store and distribution locations in Raleigh, Apex, Johnston County and Franklin County to serve Raleigh-Durham and adjacent markets in North Carolina. 

April 29, 2014

Raleigh, N.C.-based Stock Building Supply posted double-digit sales gains in the first quarter, as the company's loss narrowed. 

Net sales were up 12.6% to $280 million, compared with $248.7 million in last year's first quarter. The company's net loss of $3.3 million compared with a net loss of $4.1 million in the same period last year. 

Stock's sales growth was heavy on repair and remodeling, which accounted for sales gains of 17.3%. Sales to single-family home builders increased 9.0%.

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. 

December 9, 2013

Professional Builders Supply was ranked fifth in the Triangle Business Journal’s 2013 “Fast 50” list of fastest-growing companies in the Raleigh-Durham area.  

Professional Builders Supply was ranked No. 19 in 2012. This is the sixth time the company has been included in the list. 

Professional Builders Supply operates in the North Carolina cities of Morrisville, Wilmington and Charlotte, plus a satellite office in Wake Forest.

October 30, 2013

Fresh after completing its initial public offering on Aug. 14, Raleigh, N.C.-based Stock Building Supply posted mixed results for the third quarter. The pro dealer reported a net loss of $5.5 million in the third quarter ended Sept. 30. However, sales were up 28.4% to $328.5 million, compared with $255.8 million in the same period last year.

September 10, 2013

You’ve heard of “Mr. Smith Goes to Washington.” But how about Smith Phillips Building Supply goes to Raleigh?

Here’s the story.

Chris Yenrick, president of Smith Phillips in Winston-Salem, N.C., was skimming through an obscure, state-government newsletter one day when he stumbled upon some disturbing news. North Carolina was about to hit pro dealers with some costly regulation.

And Carolina dealers weren’t even warned.

August 15, 2013

Raleigh, N.C.-based pro dealer Stock Building Supply Holdings set its initial public offering pricing at $14 per share.

The company said it expects to receive proceeds, net of underwriting discounts and commissions, of approximately $57.4 million from the offering. Stock said it intends to use the proceeds to pay about $46.2 million of the outstanding balances under the revolving line of credit under its secured credit agreement and to pay fees and expenses related to the offering.