OTC Bulletin Board
S & P Company Insight for |
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Profile
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| Business Summary: Building Materials Holding Corporation, together with its subsidiaries, provides residential building products and construction services in western and southern regions of the United States. | | | Address 4 Embarcadero Center, Suite 3200
San Francisco
, CA 94111-4188
Phone: 415-627-9100
Website: http://www.bmhc.com
| | | Transfer Agent |
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Wells Fargo Shareowner Services
| Employees: 8,200 ShareHolders: 2291 | Founded: 1987 Domicile: Delaware | | | |
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Background
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| Building Materials Holding Corporation, together with its subsidiaries, provides residential building products and construction services in western and southern regions of the United States. The company markets and sells building products, such as structural lumber and building materials; manufactures building components, including millwork, floor and roof trusses, and wall panels; and provides construction services to professional builders and contractors under the BMC West brand. It also offers integrated construction services to production homebuilders, and commercial and multi-family builders under the SelectBuild brand. The company's construction services comprise wood framing, concrete services, and plumbing services, as well as managing labor and construction schedules, and sourcing materials. Building Materials Holding Corporation was founded in 1987 and is headquartered in Boise, Idaho. On June 16, 2009, Building Materials Holding Corp., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware, Delaware. | | History: INCORPORATED in Delaware Apr. 14, 1997, to merge, on Sept. 23, 1997, a wholly owned subsidiary into BMC West Corp., a Delaware company incorporated Nov. 10, 1987. | | | | Subsidiaries: |
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A-1 Building Components, LLC BMC Insurance, Inc. BMC West Corporation C Construction, Inc. H.N.R. Framing Systems, Inc. KBI Stucco, Inc. KBI Windows, Inc. Riggs Plumbing, LLC SelectBuild Arizona, LLC SelectBuild Construction, Inc. SelectBuild Distribution, Inc. SelectBuild Florida, LLC SelectBuild Illinois, LLC SelectBuild Mechanical, LLC SelectBuild Mid-Atlantic, LLC SelectBuild Nevada, Inc. SelectBuild Northern California, Inc. SelectBuild Southern California, Inc. SelectBuild Trim, LLC SelectBuild, L.P. TWF Construction, Inc.
| | | | | | Capital Expenditures, thousand. US Dollars |
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| Year | Amount | | 2008 | 16,509 |
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Management
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Management
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| Officers | Position |
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| Robert E. Mellor | Chairman & Chief Executive Officer | | Stanley M. Wilson | President & Chief Operating Officer | | William M. Smartt | SR VP & Chief Financial Officer | | Paul S. Street | Secretary, SR VP, General Counsel & Chief Administrative Officer | | Eric R. Beem | Chief Accounting Officer & Controller | | Mark R. Kailer | Treasurer & Investor Relations Contact |
| | Directors |
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| Sara L. Beckman | | James K. Jennings, Jr. | | Robert E. Mellor | | Norman J. Metcalfe | | R. Scott Morrison, Jr. | | Peter S. O'Neill | | Norman R. Walker | | | |
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Annual Report
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| Annual Report |
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| | | Income Statement | |
| 2008 | 2007 | 2006 |
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| REVENUES |
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| | Building Products | 693,664 | 997,035 | 1,254,056 | | Construction Services | 631,015 | 1,182,038 | 1,697,106 | | Total Revenues | 1,324,679 | 2,179,073 | 2,951,162 | | EXPENSES |
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| | Construction Services | (576,087) | (1,027,796) | (1,404,882) | | Building Products | (514,222) | (722,786) | (913,468) | | Selling, General and Administrative Expenses | (349,417) | (422,694) | (473,374) | | Other Income/expense | 5,059 | 9,971 | 4,159 | | Impairments of Assets | (53,015) | (272,152) | - | | Interest Expense | (52,925) | (33,800) | (29,082) | | Earnings before Taxes | (215,928) | (290,184) | 134,515 | | TAXES AND OTHER EXPENSES |
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| | Provision for Income Tax | 23,409 | 25,670 | (44,893) | | Minority Interest (After Tax) | 63 | (1,253) | (8,077) | | Earnings of Discontinued Operations | (12,680) | 2,937 | 34,680 | | Earnings of Discontinued Operations | (7,813) | (64,922) | (2,237) | | Earnings of Discontinued Operations | (1,860) | (4,990) | (11,914) | | Gain on Sale of Discontinued Operations | - | 20,029 | - | | Net Income (Loss) | (214,809) | (312,713) | 102,074 | | SUPPLEMENTARY INFO |
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| | Operating Income (Loss) | (163,003.00) | (256,384.00) | 163,597.00 | | Basic Eps-continuing Operations | (6.62) | (9.23) | 2.85 | | Basic Eps-discontinued Operations | (0.77) | (1.63) | 0.72 | | Basic Earnings Per Share Total | (7.39) | (10.86) | 3.57 | | Diluted Eps-continuing Operations | (6.62) | (9.23) | 2.76 | | Diluted Eps-discontinued Operations | (0.77) | (1.63) | 0.69 | | Diluted Earnings Per Share Total | (7.39) | (10.86) | 3.45 |
| | | | Balance Sheet | |
| 2008 | 2007 |
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| ASSETS |
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| | Cash and Cash Equivalents | 11,484 | 60,587 | | Marketable Securities | - | 1,872 | | Unbilled Receivables | 13,112 | 39,189 | | Receivables | 118,245 | 200,995 | | Income Tax Receivable | 50,304 | 9,812 | | Inventories | 78,676 | 115,524 | | Deferred Income Taxes | - | 11,470 | | Prepaid Expenses and Other Assets | 4,864 | 8,973 | | Assets of Discontinued Operations | 5,659 | 10,492 | | Total Current Assets | 282,344 | 458,914 | | NON CURRENT ASSETS |
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| | Buildings and Improvements | 120,814 | 135,009 | | Equipment | 153,843 | 185,958 | | Construction in Progress | 3,440 | 16,134 | | Land | 33,996 | 60,052 | | Accumulated Depreciation | (148,032) | (155,083) | | Marketable Securities | - | 40,039 | | Deferred Income Taxes | - | 11,269 | | Goodwill | - | 14,196 | | Other Intangibles-net | 19,222 | 58,310 | | Deferred Loan Costs | 4,485 | 4,358 | | Assets of Discontinued Operations | - | 14,732 | | Asset Held for Sale | 46,300 | - | | Other Long-term Assets | 23,303 | 30,956 | | Total Assets | 539,715 | 874,844 | | LIABILITIES |
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| | Accounts Payable | 19,021 | 74,025 | | Accrued Compensation | 17,274 | 31,537 | | Accrued Expenses | 26,981 | 28,989 | | Current Portion of Long-term Debt | 39,443 | 4,923 | | Billings in Excess of Costs and Estimated Earnings | 24,054 | 20,977 | | Liabilities of Discontinued Operations | 773 | 8,533 | | Insurance Deductible Reserves | 17,527 | 27,189 | | Total Current Liabilities | 145,073 | 196,173 | | NON CURRENT LIABILITIES |
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| | Long-term Debt | 287,009 | 343,937 | | Minority Interest | - | 8,591 | | Other Long-term Liabilities | 37,163 | 44,503 | | Insurance Deductible Reserves | 26,208 | 27,898 | | SHAREHOLDERS' EQUITY |
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| | Common Stock-par Value | 29 | 29 | | Additional Paid in Capital | 169,146 | 164,043 | | Accumulated Deficit/retained Earnings | (120,327) | 94,482 | | Accumulated Other Comprehensive Income (Loss)-net | (4,586) | (4,812) | | Deferred Compensation Common Shares Obligation | 878 | 1,427 | | Deferred Compensation Common Shares | (878) | (1,427) | | Total Shareholders Equity | 44,262 | 253,742 | | Total Liabilities & Shareholders Equity | 539,715 | 874,844 |
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Interim Report
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| Interim Report
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| | | Data Not Available | | | | | | | | | |
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Pro Forma Report
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| Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
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Quarterly Report
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| Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2009 |
1 | 167,500,000 | | 2008 |
1 | 342,950,000 | | 2008 |
2 | 384,620,000 | | 2008 |
3 | 364,430,000 | | 2008 |
4 | 232,680,000 | | 2008 |
Full Year
| 1,324,680,000 | | 2007 |
1 | 561,340,000 | | 2007 |
2 | 686,190,000 | | 2007 |
3 | 618,280,000 | | 2007 |
4 | 419,160,000 | | 2007 |
Full Year
| 2,284,970,000 | | 2006 |
1 | 884,560,000 | | 2006 |
2 | 921,990,000 | | 2006 |
3 | 830,600,000 | | 2006 |
4 | 608,020,000 | | 2006 |
Full Year
| 3,245,170,000 | | 2005 |
1 | 572,930,000 | | 2005 |
2 | 701,520,000 | | 2005 |
3 | 819,830,000 | | 2005 |
4 | 817,880,000 | | 2005 |
Full Year
| 2,912,160,000 | | 2004 |
1 | 416,840,000 | | 2004 |
2 | 543,390,000 | | 2004 |
3 | 591,480,000 | | 2004 |
4 | 539,310,000 | | 2004 |
Full Year
| 2,091,030,000 |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2009 |
1 | (45,070,000) | | 2008 |
1 | (33,800,000) | | 2008 |
2 | (41,330,000) | | 2008 |
3 | (35,570,000) | | 2008 |
4 | (81,760,000) | | 2008 |
Full Year
| (192,460,000) | | 2007 |
1 | (5,420,000) | | 2007 |
2 | 18,600,000 | | 2007 |
3 | 1,120,000 | | 2007 |
4 | (341,590,000) | | 2007 |
Full Year
| (327,290,000) | | 2006 |
1 | 28,070,000 | | 2006 |
2 | 34,180,000 | | 2006 |
3 | 35,350,000 | | 2006 |
4 | 4,480,000 | | 2006 |
Full Year
| 102,074,000 | | 2005 |
1 | 21,150,000 | | 2005 |
2 | 33,310,000 | | 2005 |
3 | 41,560,000 | | 2005 |
4 | 33,480,000 | | 2005 |
Full Year
| 129,507,000 | | 2004 |
1 | 4,190,000 | | 2004 |
2 | 12,580,000 | | 2004 |
3 | 18,100,000 | | 2004 |
4 | 19,050,000 | | 2004 |
Full Year
| 53,910,000 |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2009 |
1 | (1.53) | | 2008 |
1 | (1.17) | | 2008 |
2 | (1.42) | | 2008 |
3 | (1.22) | | 2008 |
4 | (2.78) | | 2008 |
Full Year
| (6.62) | | 2007 |
1 | (.19) | | 2007 |
2 | .63 | | 2007 |
3 | .04 | | 2007 |
4 | (11.79) | | 2007 |
Full Year
| (11.36) | | 2006 |
1 | .95 | | 2006 |
2 | 1.16 | | 2006 |
3 | (1.42) | | 2006 |
4 | .15 | | 2006 |
Full Year
| 3.45 | | 2005 |
1 | .74 | | 2005 |
2 | 1.14 | | 2005 |
3 | 1.41 | | 2005 |
4 | 1.13 | | 2005 |
Full Year
| 4.41 | | 2004 |
1 | .16 | | 2004 |
2 | .46 | | 2004 |
3 | .65 | | 2004 |
4 | .67 | | 2004 |
Full Year
| 1.94 |
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Stock Data
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| | | Capitalization as of 03/31/2009: | | | | | Authorized Shares | Outstanding Shares |
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| Preferred | 2,000,000 | None | | Common $0.001 par | 50,000,000 | 29,700,000 |
| | | | LONG TERM DEBT: $381,000. | | | | Common $0.001 par | | | | DIVIDEND RESTRICTIONS: Credit facility restricts the payment of dividends. | | | |
Stockholders:
04/10/1009,
2291.
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Transfer Agent: Wells Fargo Shareowner Services
South St. Paul
, MN | | | | OTC Bulletin Board( Primary): BLGM | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2008 | 7.3100 | 0.1100 | | New York Stock Exchange | 2007 | 25.1200 | 4.8600 | | New York Stock Exchange | 2006 | 41.3550 | 20.0100 | | NASDAQ National Market | 2005 | 99.1900 | 32.0300 | | NASDAQ National Market | 2004 | 39.4400 | 14.6000 | | NASDAQ National Market | 2003 | 16.3500 | 11.3000 | | NASDAQ National Market | 2002 | 18.7000 | 9.6500 | | NASDAQ National Market | 2001 | 17.5000 | 8.0000 | | NASDAQ National Market | 2000 | 11.6800 | 7.3700 | | NASDAQ National Market | 1999 | 13.5000 | 7.1250 |
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| | | | RECENT DIVIDENDS: Common $0.001 par: 2003, $0.21; 2004, $0.28; 2005, $0.48; 2006-07, $0.40; 2008, None.
Common $0.001 par was split 2-for-1, ex-Mar. 15, 2006. | | | | | |
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