PROFILE |
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With its no-frills stores (most don't have -- or need -- air conditioning or heating), 84 Lumber has built itself to be a low-cost provider of lumber and building materials. Through about 415 stores, the company sells lumber, siding, drywall, windows, and other supplies, as well as kits to make barns, playsets, decks, and even homes. Professional builders and remodelers account for 75% of sales; other customers include do-it-yourselfers and commercial builders. Its stores are in over 30 states, mainly in the eastern US, Southeast, and Midwest; 84 Lumber also sells products internationally. CEO Joseph Hardy Sr. founded 84 Lumber in 1956; his daughter, president Maggie Hardy Magerko, owns about 80% of the firm.
COMPETITION |
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Carolina Holdings, Inc. (dossier)
Payless Cashways, Inc. (PCSH)
Sutherland Lumber Company, L.P. (dossier)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 2,000.00
1-Yr. Sales Growth: 11.1%
Employees: 4,400
Revenue per employee: $454,545.45
KEY PEOPLE |
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Joseph A. Hardy
CEO
Dan Wallach
CFO
CONTACT INFO |
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Route 519
Eighty Four, PA 15330
US
Phone: 724-228-8820
Fax: 724-228-4145
Online: Web Site
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