American Success Story-84 Lumber 5:1:25 4.03 PM
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American Success Story-84 Lumber 5:1:25 4.03 PM
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Good evening, everyone. Today we're taking a look at a true American success story: 84 Lumber. It's a name synonymous with building materials, a familiar sight across much of the country. But there's more to this company than just lumber and plywood.
Founded back in 1956, in the small, unincorporated village of Eighty Four, Pennsylvania – hence the name – by Joe Hardy, 84 Lumber started as a simple cash-and-carry operation. Hardy, a man with a vision, saw a need and filled it. For years, it was a privately held enterprise, quietly building its presence, brick by brick, or rather, two-by-four by two-by-four.
Fast forward to 1992, and a significant transition occurred. Joe Hardy passed the reins to his daughter, Maggie Hardy. Now, taking over a company can be a daunting task, but Maggie was clearly up to the challenge. In her very first year as president, 84 Lumber hit a major milestone: breaking the billion-dollar revenue mark. That's quite an accomplishment.
Today, 84 Lumber is a powerhouse. We're talking about over 250 stores spread across 30 states, employing more than 5,600 people, and generating nearly $4 billion in annual revenue. That makes it the largest privately held building materials supplier in the nation.
And they're not just resting on their achievements. 84 Lumber has expanded beyond basic lumber supplies. They operate component plants, door shops, installation centers, even wood product shops. And, recognizing changing consumer needs, they've recently moved into kitchen and bath design, adding design studios to many of their stores.
It's a story of American creativity, family business success, and a commitment to growth. From humble beginnings in a small Pennsylvania town to a major player in the construction industry, 84 Lumber is a reminder that with hard work and innovation, anything is possible. It's a company that has literally helped build America, one project at a time. And that's our story this morning.
I'm Gail Nobles. Thank you for listening to Construction.