HCN Magazine's Top 200 Pro Dealers -- August 2014

Page 1

200 The top

T

he 2014 HCN Top 200 What does that mean, exactly? “It’s Pro Dealer Scoreboard the boring stuff that isn’t exciting to picked up where the print,” said Jeff Donley, president and 2013 list left off — on the chief operating officer of Kent, Ohioupswing — with only a based Carter Lumber, No. 13 on the sliver of sales declines reTop 200 list. He went down the list, ported across the board, and a swellciting payroll, inventory management ing segment of double-digit gainers. and cash flow. For the third year in a row, growth Beyond the basics, a combination in residential construction boosted of people, strategy, market knowlthe numbers, and consolidation and edge, consolidation and expansion acquisitions played a role at some propelled Carter to an 18.3% sales companies — most notably Denvergain. The company finished 2013 based Kodiak Building Partners, No. with 145 locations — that’s down 42 on the list, with an impressive from 174. But the locations are more 124% sales increase. strategic and more growth-oriented. Highlights from the numbers “We looked at the markets that include: made sense on a go-forward basis • Combined sales of Top 200 comfor us,” said Donley, explaining the panies amounts to $46,665,969,187, “growth through consolidation” stratan increase of 13.7% from the previegy and pointing to a third location ous year. in the Atlanta market and a second • The median sales of the Top 200 Charlotte yard as examples. “We said, increased 10.7% from $61.5 million ‘Let’s invest our people, our time, our to $68.1 million. equipment — all of those things — in • Sales per unit increased to $6.184 places that have more opportunity for million, up from $5.551 million. growth.’ We see it as making better (Sales per employee also increased use of our resources.” substantially.) The key resource, he added, is the • 86% of companies reported people on the ground. “If you can positive sales gains, down from a get good people on board, and you record 95% a year ago, but still way empower them and support them, up from 2010 (67%) that takes care of everyand 2009 (8%). thing,” Donley said. “It’s Sponsored by Some of the highpeople who differentiate growth companies conquality companies.” tacted by HCN pointed Across the board, the to basic business blockTop 200 companies have ing and tackling. better utilized their re-

ride again By Ken Clark

Starts were up 15% in 2013, while combined sales of the Top 200 gained 14%.

NAICS 4441, building material and supplies dealers, were up 5.3% in 2013.


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Untitled-4 1

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sources, both in sales per employee and sales per unit. According to Donley, the increased efficiencies are partly the result of operating through the downturn, and learning to do more with less. That’s also the case at Morrisville, North Carolina-based Professional Builders Supply, No. 52 on the list. The four-unit dealer, founded in 2003, showed a sales increase of about 58%. “We were strategic during the downturn, and emerged in a good position for growth,” said Van Isley, chairman and CEO of the fourunit LBM dealer. A stable management team is paying off. And it also helps to operate in good markets; PBS serves North Carolina’s Raleigh, Charlotte and Wilmington metros. “We keep servicing the heck out of our customers and keep taking care of our people,” Isley said. “There is no silver bullet. It’s fundamentals. And you have to perform all day and every day.” Five of the companies on the Top 200 are publicly traded, including No. 7 Builders FirstSource and No. 10 Stock Building Supply. While both pro dealers showed sales growth — up 39% and up 27%, respectively — they also showed losses. Builders FirstSource reported a net-income loss of $42 million for the year, but it ended 2013 on a strong note in the fourth quarter. The company has narrowed its losses in each of the last three years. Stock’s net loss was $4.6 million for the 2013 fiscal year, compared with $14.5 million in the previous year. Emphasizing the positives, Stock CEO Jeff Rea said: “Over the course of 2013, our net sales to singlefamily home builders grew nearly 31%, and our net sales to remodeling contractors increased over 18%. This revenue growth enabled us to expand our operating profit margins and accelerate investments in our business.” One tried and true way to rise up the Top 200 list is through acquisitions. Companies such as US LBM, No. 15, and SRS Distribution, No. 14, show significant acquisition-based growth. Leading the way, in percent-

age terms, is Kodiak Building Partners. The company’s 124% sales gain in 2013 follows a whopping 300% sales gain in 2012. Kodiak’s recent acquisitions include Factory Builder Stores of Houston, Jones Heartz Drywall Supply of Denver and Boston’s New England Building Supply. According to Paul Hylbert, chairman and CEO of Kodiak Building Partners, one lesson learned from 2013 is that it’s getting increasingly difficult to find and seal the deal with good management teams and good companies. “It’s a hard process, and you really have to build a pipeline,” he said. While he expressed some disappointment that some deals didn’t materialize, there are other ways to grow a business, and Kodiak

is taking advantage of those, too. “Our company is certainly growing organically as the housing market improves and as we figure out ways to do things better for our customers,” Hylbert said. A source of good news for the pro dealer industry is the broad-based nature of the sales gains. The top 10 pro dealers on the current scoreboard make up the lion’s share of the combined Top 200 sales, but that share is roughly the same as a year ago: 52.1% versus 51.5%. And fueling optimism is the concept of pent-up demand for building. “I think from a macro perspective, we still need more homes than the amount being built today,” said Carter Lumber’s Donley. n


Sponsored by

PRO DEALER SCOREBOARD: 1-32 Company Rank

Sales ($ mil.) % chg

2013

2013

Units

Employees

2013

2013

Company Rank

Sales ($ mil.) % chg

2013

2013

Units

Employees

2013

2013

1 ABC Supply Beloit, Wis.

4,911.2

5.6%

459

7,355

17 Gulfeagle Supply* Tampa, Fla.

430.0

0.0%

55

2800

2 ProBuild Holdings* Denver

4,300.0

19.4%

415

10,230

18 Marjam Supply* Brooklyn, N.Y.

395.0

2.6%

33

800

3 Fastenal Winona, Minn.

3,326.1

6.1%

2,687

17,277

19 Pacific Coast Suppy* Rancho Cordova, Calif.

390.0

0.0%

36

1,200

4 Beacon Roofing Supply Herndon, Va.

2,240.7

9.6%

238

2,999

20 Harvey Building Products* Waltham, Mass.

385.0

8.5%

35

1,350

5 Allied Building Products* East Rutherford, N.J.

2,200.0

9.5%

192

3,325

21 Parr Lumber* Hillsboro, Ore.

308.0

27.8%

31

610

6 84 Lumber Eighty Four, Pa.

2,150.0

32.7%

255

4,196

22 Golden State Petaluma, Calif.

291.0

23.3%

6

310

7 Builders FirstSource Dallas

1,489.9

39.2%

53

3,300

23 Shelter Products* Portland, Ore.

263.0

37.7%

4

102

8 BMC Boise, Idaho

1,255.4

41.4%

85

4,700

24 E.C. Barton* Jonesboro, Ark.

255.0

-14.0%

123

730

9 L&W Supply* Chicago

1,245.0

8.7%

145

1,250

25 Riverhead Building Supply* Calverton, N.Y.

255.0

15.9%

13

465

10 Stock Building Supply Raleigh, N.C.

1,197.0

27.0%

48

3,025

26 National Lumber Co. Mansfield, Mass.

255.0

22.0%

8

550

11 HD Supply (Residential) Atlanta

1,114.0

-7.2%

650

15,500

27 Meek's Lumber and Hardware* Sacramento, Calif./Springfield, Mo. 253.4

10.1%

46

918

12 Roofing Supply Group* Dallas

1,000.0

5.3%

67

1,200

28 Ganahl Lumber Co* Anaheim, Calif.

22.9%

10

660

13 Carter Lumber Kent, Ohio

956.5

18.3%

145

2,700

29 Foxworth-Galbraith Lumber Dallas

15.3%

25

600

14 SRS Distribution* McKinney, Texas

950.0

20.3%

102

1,200

30 Mead Lumber Columbus, Neb.

227.0

10.7%

39

850

15 US LBM Holdings Green Bay, Wis.

815.0

55.8%

70

2,235

31 MacArthur Company* St. Paul, Minn.

220.0

0.0%

37

495

16 McCoy's Building Supply* San Marcos, Texas

630.0

12.5%

85

1,920

32 Matheus Lumber* Woodinville, Wash.

214.0

71.2%

6

85

247.0

228.3

* Estimate

1 COMPLETE PRODUCT LINE Great products are only the beginning.

© 2014 Boise Cascade Wood Products, L.L.C. BOISE CASCADE, the TREE-IN-A-CIRCLE” symbol and “Great products are only the beginning” are trademarks of Boise Cascade Company or its affiliates.

2 NATIONWIDE DISTRIBUTION Great products are only the beginning.

© 2014 Boise Cascade Wood Products, L.L.C. BOISE CASCADE, the TREE-IN-A-CIRCLE” symbol and “Great products are only the beginning” are trademarks of Boise Cascade Company or its affiliates.


Sponsored by

PRO DEALER SCOREBOARD: 33-64 Company Rank

Sales ($ mil.) % chg

2013

2013

Units

Employees

2013

2013

Company Rank

Sales ($ mil.) % chg

2013

2013

Units

Employees

2013

2013

33 R.P. Lumber Edwardsville, Ill.

201.2

3.6%

51

556

49 Kuiken Brothers* Fair Lawn, N.J.

136.0

17.5%

8

252

34 Lampert Yards* St. Paul, Minn.

187.6

22.2%

34

442

50 T.W. Perry Enterprises Gaithersburg, Md.

135.3

12.3%

6

410

35 Erie Materials* Syracuse, N.Y.

184.5

0.9%

10

260

51 Hammond Lumber Belgrade, Maine

129.0

6.6%

12

425

36 Curtis Lumber Ballston Spa, N.Y.

171.3

6.1%

21

365

52 Professional Builders Supply* Morrisville, N.C. 120.0

57.9%

4

157

37 Raymond Building Supply* Fort Myers, Fla.

170.0

6.3%

5

220

53 Hancock Lumber Co. Casco, Maine

116.5

14.8%

13

404

38 Idaho Pacific Lumber* Boise, Idaho

168.0

58.5%

11

137

54 Scherer Brothers* Brooklyn Park, Minn.

116.0

10.5%

5

249

39 Ring's End* Darien, Conn.

166.0

7.1%

15

490

55 Lezzer Lumber* Curwensville, Pa.

115.2

6.9%

11

385

40 Stine Home & Yard Sulphur, La.

165.0

8.6%

12

692

56 Burton Lumber* Salt Lake City

115.0

25.0%

7

370

41 Alpine Lumber* Westerville, Colo.

163.0

30.4%

24

301

57 Gilcrest-Jewett Waukee, Iowa

115.0

38.6%

4

249

42 Kodiak Building Partners Denver

157.0

124.3%

6

360

58 VNS Corp* Vidalia, Ga.

114.0

34.1%

13

260

43 Ridout Lumber Company* Searcy, Ark.

156.0

5.4%

14

330

59 Graber Post Buildings* Montgomery, Ind.

113.0

-5.8%

1

225

44 Samuel Feldman Lumber* Brooklyn, N.Y.

156.0

24.8%

4

180

60 Kamco Supply of Boston* Woburn, Mass.

112.0

1.8%

10

290

45 Contract Lumber* Pataskala, Ohio

155.0

3.3%

8

240

61 Westside Building Materials* Anaheim, Calif. 112.0

3.9%

10

250

46 Alexander Lumber* Aurora, Ill.

142.0

6.0%

22

400

62 CNRG Natchez, Miss.

112.0

28.7%

43

700

47 Capitol Building Supply* Manassas, Va.

140.0

16.7%

12

270

63 Spahn & Rose* Dubuque, Iowa

111.9

5.2%

27

255

48 Honsador Lumber* Kapolei, Hawaii

139.7

15.2%

15

281

64 Star Lumber* Wichita, Kan.

110.3

14.3%

7

305

* Estimate

4 EASY TO DO BUSINESS WITH

3 TOOLS AND GUIDANCE Great products are only the beginning.

© 2014 Boise Cascade Wood Products, L.L.C. BOISE CASCADE, the TREE-IN-A-CIRCLE” symbol and “Great products are only the beginning” are trademarks of Boise Cascade Company or its affiliates.

Great products are only the beginning.

© 2014 Boise Cascade Wood Products, L.L.C. BOISE CASCADE, the TREE-IN-A-CIRCLE” symbol and “Great products are only the beginning” are trademarks of Boise Cascade Company or its affiliates.


Sponsored by

PRO DEALER SCOREBOARD: 65-110 Company Rank

Sales ($ mil.) % chg

2013

2013

Units

Employees

2013

2013

Company Rank

Sales ($ mil.) % chg

2013

2013

Units

Employees

2013

2013

65 Franklin Building Supply * Boise, Idaho

110.0

19.6%

17

371

88 Buccheit* Perryville, Mo.

78.0

2.6%

8

165

66 Rosen Materials Sunrise, Fla.

110.0

100.0%

15

180

89 Your Building Centers Altoona, Pa.

76.7

8.4%

13

324

67 Forge Lumber/Sims Lohman Cincinnati 109.0

4.8%

8

420

90 Dunn Lumber* Seattle

76.0

-0.9%

9

225

68 Friedman's Home Improvement* Santa Rosa, Calif. 104.0

4.0%

3

340

91 Higginbotham Brothers Comanche, Texas

76.0

8.6%

39

320

69 Bloedorn Lumber* Torrington, Wyo.

103.0

6.2%

22

280

92 O.C. Cluss Lumber* Uniontown, Pa.

73.5

-2.0%

9

210

70 Sunroc Corp.* Saint George, Utah

103.0

24.1%

9

230

93 Central Valley Builders Supply* Napa, Calif. 73.5

3.5%

5

166

71 A.L.L. Roofing* San Jose, Calif.

101.0

0.0%

4

160

94 Millard Lumber* Omaha, Neb.

73.0

3.5%

3

285

72 Keim Lumber Charm, Ohio

100.0

9.9%

1

420

95 Zeeland Lumber & Supply Zeeland, Mich.

72.0

20.8%

6

253

73 The Building Center* Pineville, N.C.

99.0

30.3%

4

231

96 Robert Bowden* Marietta, Ga.

70.5

54.0%

3

265

74 Kamco Supply of New England* Wallingford, Conn. 96.5

0.0%

10

305

97 Jaeger Lumber Union, N.J.

70.0

34.0%

7

144

75 Hayward Lumber* Monteray, Calif.

96.4

33.3%

8

226

98 Builders* Kearney, Neb.

69.5

8.6%

5

250

76 Woodhaven Lumber & Millwork Lakewood, N.J. 96.0

38.1%

3

200

99 City Mill Co.* Honolulu

69.0

1.2%

8

410

77 Hawaii Planing Mill* Keaau, Hawaii

92.0

8.2%

7

220

100 Ellsworth Builders Supply Ellsworth, Maine

68.1

10.7%

10

240

78 Guy C. Lee Building Materials* Smithfield, N.C. 92.0

39.4%

8

162

101 Doug Ashy Building Materials* Lafayette, La. 66.0

1.5%

7

300

79 Marvin's Building Materials and Home Centers Leeds, Ala. 91.0 0.0%

28

670

102 Jackson Lumber & Millwork Lawrence, Mass. 65.4

9.9%

3

150

80 Drexel Building Supply* Campellsport, Wis.

27.7%

5

200

103 Viking Lumber* Belfast, Maine

65.0

3.2%

9

198

81 LaValley/Middleton Building Supply* Newport, N.H. 88.0

41.9%

12

350

104 Consolidated Lumber* Sitllwater, Minn.

65.0

30.0%

14

160

82 Jerry's Home Improvement* Eugene, Ore. 88.0

4.8%

2

500

105 Belair Road Supply* Baltimore

64.0

4.9%

5

83

83 M.G. Building Materials* San Antonio

87.5

-2.8%

5

325

106 Cape Cod Lumber* Abington, Mass.

63.5

0.8%

1

90

84 Florence Corp.* Huntington, N.Y.

87.0

3.6%

5

150

107 Builder’s Discount Centers* Rocky Mount, N.C.

63.0

5.0%

11

140

30.3%

6

160

108 Bailey Lumber & Supply* Gulfport, Miss.

62.3

5.8%

8

285

16.9%

18

252

109 Mans Lumber & Millwork* Trenton, Mich.

61.3

31.3%

2

114

6.7%

8

260

110 T.H. Rogers Lumber* Edmond, Okla.

61.0

1.7%

34

240

85 McCray Lumber & Millwork* Overland Park, Kan. 86 Big C Lumber Granger, Ind.

90.7

86.0 84.3

87 Williams Lumber & Home Centers* Rhinebeck, N.Y. 80.0 * Estimate


Sponsored by

PRO DEALER SCOREBOARD: 111-156 Company Rank

Sales ($ mil.) % chg

2013

2013

Units

Employees

2013

2013

Company Rank

Sales ($ mil.) % chg

2013

2013

Units

Employees

2013

2013

111 Moynihan Lumber North Reading, Mass.

60.0

9.1%

3

133

134 Barr Lumber* San Bernardino, Calif.

50.0

-2.7%

4

85

112 Ed Herrington* Hillsdale, N.Y.

59.0

1.7%

5

156

135 The Lyon & Billard Lumber Co.* Meriden, Conn. 50.0

4.2%

6

120

113 Zarsky Lumber Victoria, Texas

58.0

1.2%

10

185

136 Siding World* Detroit

50.0

0.0%

17

115

114 Nickerson Lumber* South Dennis, Mass.

57.0

-13.6%

5

150

137 Bender Lumber* Bloomington, Ind.

49.0

1.0%

8

75

115 Mill Creek Lumber* Tulsa, Okla.

57.0

0.9%

16

400

138 Beisser Lumber* Grimes, Iowa

49.0

-3.0%

3

130

116 Ziegler Lumber* Spokane, Wash.

57.0

1.8%

6

225

139 Dolan Lumber* Benicia, Calif.

49.0

0.0%

4

92

117 Koopman Lumber* Whitinsville, Mass.

56.4

25.3%

7

186

140 Ashby Lumber* Berkeley, Calif.

48.0

17.1%

2

118

118 K-1 Lumber & Building Fixtures* Louisville, Ky. 56.0

0.0%

6

250

141 Rio Grande Building Materials* Denver 48.0

4.3%

4

190

119 Russell Do it Centers Alexander City, Ala.

55.9

6.2%

9

185

142 DuBell Lumber Medford, N.J.

47.6

15.0%

6

145

120 United Builder’s Supply* Westerly, R.I.

55.0

0.0%

4

150

143 Sterling Lumber & Investment* Westminster, Colo. 47.5

8.0%

11

165

121 Belletetes* Jaffrey, N.H.

55.0

1.9%

7

225

144 GBS Building Supply* Greenville, S.C.

47.0

16.3%

5

101

122 Arlington Coal & Lumber* Arlington, Mass.

55.0

2.8%

5

87

145 Garris Evans Lumber* Greenville, N.C.

47.0

14.6%

5

125

123 Shelly Enterprises* Telford, Pa.

54.5

2.8%

6

185

146 Arnold Lumber West Kingston, R.I.

46.8

11.4%

4

115

124 Kamco Supply of New York* New York 54.0

3.8%

4

240

147 Concord Lumber* Littleton, Mass.

46.0

4.5%

4

125

125 The Lester Group* Martinsville, Va.

54.0

42.1%

3

108

148 The Forest Group* Oklahoma City

46.0

7.0%

3

135

126 Builders’ General Supply* Little Silver, N.J.

54.0

1.9%

4

120

149 Alamo Lumber Company San Antonio

46.0

4.8%

13

150

5

50

150 Guthrie Lumber* Lavonia, Mich.

45.9

26.1%

1

73

127 Humphrey’s Building Supply Center* Tiverton, R.I. 53.5

1.9%

128 Big Creek Lumber* Davenport, Calif.

52.0

26.8%

6

190

151 Building Solutions* Tulsa, Okla.

45.8

73.5%

4

90

129 Niehaus Lumber* Vincennes, Ind.

52.0

2.0%

4

160

152 Louis J. Grasmick Lumber Baltimore

45.2

7.6%

1

56

130 Western Building Center* Kalispell, Mont.

51.0

22.9%

12

195

153 Champion Lumber* Riverside, Calif.

45.0

4.7%

1

45

131 Marine Home Center* Nantucket, Mass.

51.0

2.0%

3

125

154 Dykes Lumber* Weehawken, N.J.

44.0

4.8%

10

165

132 Cassity Jones Lumber* Longview, Texas

50.9

3.0%

18

147

155 Christensen Lumber* Fremont, Neb.

43.6

38.9%

2

160

133 John H. Myers & Son* York, Pa.

50.0

2.1%

6

150

156 Standard Supply and Lumber* Grand Rapids, Mich. 43.0

0.0%

6

100

* Estimate


Sponsored by

PRO DEALER SCOREBOARD: 157-200 Company Rank

157 Snyder Diamond* Santa Monica, Calif.

Sales ($ mil.) % chg

2013

2013

Units

Employees

2013

2013

Company Rank

Sales ($ mil.) % chg

2013

2013

Units

Employees

2013

2013

43.0

0.5%

3

85

179 Gordon Lumber Fremont, Ohio

37.0

20.9%

8

110

158 Kamco Supply Mid-Atlantic* Chester, Pa. 43.0

2.4%

5

145

180 Channel Lumber* Richmond, Calif.

36.5

1.4%

1

50

159 Hughes Lumber* Catoosa, Okla.

42.1

2.6%

7

85

181 A.C. Houston Lumber* Las Vegas

36.0

5.9%

3

100

160 Preston Feather Buiding Centers* Petoskey, Mich. 42.0

9.1%

4

100

182 Hacienda Home Centers* Albuquerque, N.M.

36.0

2.9%

4

125

161 The Builder’s Choice* Plymouth, Minn.

41.5

3.8%

5

170

183 Texas Plywood & Lumber Grand Prairie, Texas

35.6

36.2%

1

127

162 Kleet Lumber* Huntington, N.Y.

41.0

5.1%

1

75

184 Clay Ingels* Lexington, Ky.

35.5

1.4%

2

125

163 HEP Sales* Waterloo, N.Y.

41.0

5.4%

16

190

185 W.E. Shone Lumber* Stanton, Del.

35.1

2.5%

3

90

-1.8%

19

215

186 Magbee Contractors Supply* Winder, Ga. 35.0

0.0%

1

80

164 Potter’s Ace Home Center* Jamestown, Tenn.

40.6

165 Wholesale Builders Supply* Carnegie, Pa.

40.4

0.0%

5

90

187 Nisbet Brower* Cincinnati

35.0

-2.8%

2

100

166 Warner Robins Supply* Warner Robins, Ga.

40.0

17.6%

8

145

188 Herrman Lumber* Springfield, Mo.

35.0

-7.9%

5

120

167 Busy Beaver Building Centers Pittsburgh 40.0

0.0%

15

350

189 Haynes Brothers Lumber* Murfreesboro, Tenn.

35.0

0.7%

2

60

168 Tibbetts Lumber* St. Petersburg, Fla.

39.6

44.5%

5

180

190 City Lumber* New York, N.Y.

35.0

1.4%

2

45

169 Bay City Plywood* Tampa, Fla.

39.5

1.3%

5

40

191 Mason's Mill & Lumber* Houston, Texas

35.0

1.4%

1

40

170 Hardware Hawaii* Kailua, Hawaii

39.5

5.3%

4

190

192 Douglas Lumber Kitchens & Home Center* Smithfield, R.I. 35.0 2.9%

1

74

171 Montalbano Lumber* Houston

39.0

4.0%

2

85

193 Tulnoy Lumber* Bronx, N.Y.

35.0

6.1%

3

72

172 Maner Builders Supply* Augusta, Ga.

39.0

0.3%

3

130

194 Truitt & White Lumber Berkeley, Calif.

34.3

8.4%

3

60

173 Huskey Building Supply* Franklin, Tenn.

39.0

2.6%

3

125

195 Wilson Lumber* Huntsville, Ala.

34.0

6.3%

1

125

174 ISC Building Materials* Dallas

39.0

0.0%

5

80

196 G.V. Moore Lumber* Ayer, Mass.

34.0

6.3%

2

40

175 Eastern Pennsylvania Lumber* Wilkes Barre, Pa. 38.0

0.0%

9

120

197 Hartje Lumber* La Valle, Wis.

34.0

1.5%

1

55

176 Lumber Investors* Alexandria, La.

38.0

2.7%

2

90

198 Gillman Home Center Batesville, Ind.

33.4

4.4%

7

165

177 Botello Lumber* Mashpee, Mass.

38.0

2.7%

1

90

199 River City Building Supply* Sacramento, Calif.

33.0

21.3%

3

52

178 Riggs Supply* Kennett, Mo.

38.0

2.7%

3

50

200 Peter Lumber* Pleasantville, N.J.

33.0

1.5%

7

80

* Estimate


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