Market Overview

84 Lumber Achieves $4 Billion in Annual Sales for the First Time in Company History

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EIGHTY FOUR, Pa., Nov. 16, 2020 /PRNewswire/ -- For the first time in the company's 65-year history, 84 Lumber today announced that it has hit a record-breaking $4 billion in annual sales as of November this year. 84 Lumber first started in 1956 and is now the nation's largest privately held building materials supplier, with 250 stores across more than 30 states.

I am so proud of our 84 Lumber associates. It's about growing our company so that our associates can grow too.

"I am so proud of what our 84 associates have done to make this company so successful," said 84 Lumber President Maggie Hardy Knox. "At the end of the day, it's about growing our company so that our associates can grow too. I think that's what sets us apart from everyone else in this business. As a privately-owned company, we've held onto our family culture, and we have learned to serve our customers better, and more efficiently, than ever before."

Growth brings opportunity, including new jobs and a potential for a lifelong career in the construction industry. "84 Lumber is proud to be an American company focused on putting America back to work at a time when many people are seeking employment or a fresh start during these challenging times. The residential housing sector is booming, which means our business continues to expand, as does opportunity within our family," said Hardy Knox. With its expected expansion of existing stores as well as opening new locations, there are opportunities that include management trainees (MTs), warehouse and door shop associates, sales coordinators, and drivers among others.

Hardy Knox took over the company in 1992, and under her leadership, the company hit $1 billion the following year. She led the company out of the 2008 housing crisis, and now in 2020 when faced with challenges, Hardy Knox once again led her team through its most successful year yet.

In addition to breaking sales records in 2020, the company also moved forward with expanding existing stores and opening new stores in markets around the country. 84 Lumber opened manufacturing plants in the Cleveland/Columbus market, Greenville, South Carolina; and Philadelphia, Pennsylvania this year. The company is also moving forward with plans to expand in 2021 to Northern California; Boise, Idaho; Detroit, Michigan; and more.

To follow along with the company's recent developments, follow 84 Lumber on Facebook, Instagram and LinkedIn.

ABOUT 84 LUMBER

Founded in 1956 and headquartered in Eighty Four, Pennsylvania, 84 Lumber Company is the nation's largest privately held supplier of building materials, manufactured components, and industry-leading services for single- and multi-family residences and commercial buildings. The company operates nearly 250 stores, component manufacturing plants, custom door shops, custom millwork shops and engineered wood product centers in more than 30 states. 84 Lumber also offers turnkey installation services for a variety of products, including framing, insulation, siding, windows, roofing, decking and drywall. A certified national women's business enterprise owned by Maggie Hardy Knox, 84 Lumber was named by Forbes as one of America's Largest Private Companies in 2018 and one of America's Best Large Employers in 2019. For more information, visit 84lumber.com or join us at Facebook.com/84lumber and linkedin.com/company/84-lumber.

 

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SOURCE 84 Lumber

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