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LMC releases record sales figure

3/6/2018

Wayne, Pa.-based LBM co-op LMC announced a sales record for 2017. The company pointed to $4.3 billion in sales, a 13% increase from 2016.


“This milestone is truly a representation of the power of the LMC network,” said John Somerville, LMC President and CEO. “What makes LMC stand out, is the dedicated partnerships between loyal stockholders, suppliers, and staff.”


The company also pointed to a network of 1,350 dealer locations.


Looking forward to 2018, LMC expects pent-up demand for new homes from millennial buyers should lead to another strong year in the real estate market with increases equal to or better than 2017.


Last year, the company reported a 13% sales increase in 2016 over 2015.


 


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