RALEIGH, NC -- Stock Building Supply Holdings, Inc., a diversified lumber and building materials distributor and solutions provider that sells primarily to new construction and remodeling contractors, posted net income of $3.1 million for the fourth quarter of 2014, compared to $3.0 million for the fourth quarter of 2013. Net sales were $317.1 million, up 3.9%, compared to $305.2 million for the fourth quarter of 2013.
Commenting on the Company's results, Jeff Rea, Chief Executive Officer of Stock Building Supply, stated, "During 2014, the U.S. housing market maintained a gradual and steady pace of recovery and our business teams continued to drive solid relative growth across our end-use market segments. Focused execution on our initiatives to grow strategic product and customer segment categories enabled our local market teams to deliver net sales volume growth of nearly 10% for full year 2014. We successfully leveraged this above-market growth to increase gross profit dollars by over 12% and Adjusted EBITDA by nearly 33% compared to 2013. In addition, we continued to invest in our distribution, manufacturing and technology platforms to expand our strategic service capabilities, which we believe will enhance our profitable growth potential."