US LBM sheds light on financials
US LBM continues to gear up for an initial public offering and revealed some of its most recent financial information in an updated filing with the Securities and Exchange Commission.
For the first six months of 2018 US LBM generated sales of $1.57 billion, rising 7.5% from sales of $1.46 billion during the first half of 2017, according to an amended S-1 form filed by the Buffalo Grove, Ill.-based company on Aug. 10.
The pro dealer also reported a net loss of $9.6 million for the first six months of 2018 compared to a net loss of $22 million in the first six months of 2017.
During all of 2017, US LBM had sales of $3.1 billion and a net loss $10.9 million.
US LBM has yet to set a price or actual timetable for its IPO.
Founded in 2009 as three business units with 16 locations, US LBM has since acquired more than 40 companies while opening 22 new greenfield locations. Since its founding, US LBM has expanded to 241 locations serving 29 states.
For the first six months of 2018 US LBM generated sales of $1.57 billion, rising 7.5% from sales of $1.46 billion during the first half of 2017, according to an amended S-1 form filed by the Buffalo Grove, Ill.-based company on Aug. 10.
The pro dealer also reported a net loss of $9.6 million for the first six months of 2018 compared to a net loss of $22 million in the first six months of 2017.
During all of 2017, US LBM had sales of $3.1 billion and a net loss $10.9 million.
US LBM has yet to set a price or actual timetable for its IPO.
Founded in 2009 as three business units with 16 locations, US LBM has since acquired more than 40 companies while opening 22 new greenfield locations. Since its founding, US LBM has expanded to 241 locations serving 29 states.