SAN FRANCISCO, CA — Building Materials Holding Corp., a construction supplies distributor, posted second quarter sales of $385 million, down 41% from sales of $656 million in the same quarter in 2007, according to Industrial Distribution.
The company posted a net loss for the second quarter of $31.9 million. In the second quarter of 2007, BMHC had net income of $19.4 million. For the first half of 2008, BMHC posted a net loss of $65.8 million, compared to net income of $14.5 million in the same period of 2007. First half sales were $728 million, down almost 53% from the first quarter and a 38% decrease from the $1.2 billion in the same period of 2007.
Have something to say? Share your thoughts with us in the comments below.