Personnel Updates

BMC Stock Holdings hired Michael McGaugh as its new COO, a newly created position in the company.

Huttig Building Products named Matt Thompson District Manager (Ohio) for BenBilt.

Lowe’s Companies promoted Marshall Croom to CFO to replace the retiring Robert Hull.

PPG promoted Vince Morales to CFO, effective March 1, to replace retiring CFO Frank Sklarsky.

Snavely Forest Products named Thomas Plasschaert VP of Marketing, Judith Marquez Divisional Accounting Manager (Dallas) and Melissa Hutchens Divisional Accounting Manager (North Carolina).


Financial Focus

Louisiana-Pacific Corp. F16 sales (FYE 12.31.16) were $2.2 billion, an 18% increase over 2015.

PPG reported sales (FYE 12.31.16) of $14.75 billion, which was flat from the previous year.

Sherwin-Williams Co. Paint Stores Group net sales increased 8.1% to $7.79 billion in 2016 (FYE 12.31.16). Same-store sales increased 5.5%.

Tractor Supply reported $6.8 billion in F16 sales (FYE 12.31.16), an increase of 8.9%. Same store sales increased 1.6% (versus last year’s growth rate of 3.1%).

Weyerhaeuser Co. reported F16 (FYE 12.31.16) sales of $6.4 billion, up from $5.2 billion.

Fastenal Company finished 2016 (FYE 12.31.16) with $3.96 billion in net sales (+2.4%), but its net store count fell by 119, and the company reduced its workforce by 7.1%.


Industry Insight

The Andersons Inc. will close its remaining four Ohio big-box stores in the second quarter.

Lowe’s Canada will hire almost 3,000 associates in Q1.

Sherwin-Williams Co. opened 94 new stores in 2016. The company plans a similar number, 90 to 100, in 2017.

Tractor Supply plans to open 100 new stores in 2017 along with 25 to 30 new Petsense locations.

TreeHouse, Inc., the Austin-based green-building home center, will open its second 25,000-sq.-ft. store (Dallas) in the first quarter and likely add another Dallas metro-area store before the end of the year.


Mergers and Acquisitions

U.S. LBM Holdings acquired 12-unit Ridout Lumber of Arkansas.


Real Estate

Menard Inc. opened a new store in the Kansas City, MO metro area.

Orchard Supply opened its first central Florida store in Orlando.