Personnel Updates

• Beacon Roofing Supply (31) promoted Chief Commercial Officer C. Eric Swank to COO.

• BMC Stock (34) made a number of executive moves in recent weeks. The company appointed Tim Johnson as EVP and General Counsel, Joyce Vonada as CIO and Gary Gross as VP of Pro Remodeling.

• Boise Cascade (36) promoted Nate Jorgensen to COO and Mike Brown to EVP of the Wood Products Division. Brown takes over for the retiring Dan Hutchinson. In other promotions, Jill Twedt becomes General Counsel (assuming the role vacated by the retiring John Sahlberg) and Erin Nuxoll becomes SVP of Human Resources.

• Do It Best (144) named Jason Stofleth Divisional Merchandise for Plumbing, Tools, Farm and Ranch, Cleaning and Storage and Housewares. The company also named Laura Williams Merchandise Manager for Hand Tools and Nicole Kepler Associate Merchandise Manager of Tools.

• Huttig (16) SVP and General Counsel Rebecca Kujawa left the company.

• The Lester Group (10) elected Jay Dickens as President.

• Louisiana-Pacific Corp. (23) named Alan Haughie Exec VP and CFO.

• McCoy’s Building Supply (52) promoted Meagan McCoy to President and COO, taking over the title of President from her father, Brian McCoy, who remains CEO and Chairman.


Financial Focus

• Fastenal reported Fiscal 2018 revenue of $4.965B, a 13.1% increase over 2017.


Industry Insight

• Hardware Distribution Warehouses (Marshall, TX) has held liquidation sales in advance of going out of business.

• Lowe’s plans to hire 65,000 employees in 2019. That number includes 6,000 leadership roles and 50,000 seasonal employees.

• Lumber Liquidators introduced a new store prototype in the form of its Altamonte Springs, FL store. The new store has a larger retail floor space, more SKUs and offers more services for the pros.

• Lumber Liquidators will open approximately 20 new stores in 2019.

• McCoy’s Building Supply opened its 88th store.

• Sherwin-Williams warned its investors that its Q4 performance won’t meet expectations.


Mergers and Acquisitions

• Your Building Centers Inc. acquired Berlin Lumber Company (Berlin, PA). YBC will continue to operate the company under the Berlin Lumber Company name.


Real Estate

• 84 Lumber is reopening its Brooksville, FL lumberyard after it originally closed the site 10 years ago.

• Alexander Lumber Co. is closing 5 lumber yards in Illinois – Canton, Lincoln, Monmouth, Rushville and Taylorville. The company will also combine its Bloomington operation with its Le Roy yard and its Gilman location with its Watseka and Fairbury yards.