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BMC WEST ANNOUNCES THIRD-QUARTER RESULTS

 BMC WEST ANNOUNCES THIRD-QUARTER RESULTS
 BOISE, Idaho, Nov. 5 /PRNewswire/ -- BMC West Corp.


(NASDAQ: BMCW), a regional distributor and retailer of building products in the Western United States, which completed its initial public offering of stock in August, reported earnings today. BMC West recorded third-quarter 1991 net income of $1.6 million and earnings per share of 60 cents on revenues of $63.9 million, as compared with net income of $1.6 million and earnings per share of 79 cents on revenues of $63.7 million in the same period last year. "The earnings per share decrease resulted primarily from 31 percent more average common equivalent shares outstanding as a result of the closing of our initial public offering in late August of this year," explained Donald S. Hendrickson, president and chief executive officer. Operating income for the third quarter of 1991 (before interest and taxes) totalled $3.5 million, compared to $3.2 million in 1990, or an 11.0-percent increase over the comparable period.
 Hendrickson emphasized that the company's third-quarter 1991 levels of revenue and net income, which were relatively unchanged from the prior-year period on a comparable quarter basis, were achieved in the face of a significant drop in housing starts and stagnant economic conditions in some of the company's significant West Coast markets.
 "We have seen good building activity in the Intermountain region in the third quarter," Hendrickson said. "California and the coastal portions of Oregon and Washington, however, lagged our expectations in the third quarter and at present we see no signs of improvement in these economic conditions."
 Hendrickson added that the company had completed the previously announced purchase of the O'Malley Companies' building materials center in El Paso, Texas. "This unit, in operation since the early 1970s, had annual revenues in 1990 of approximately $13 million and further expands BMC West's operations in the Rocky Mountain region," stated Hendrickson.
 BMC West Corp. distributes building products primarily to professional contractors, as well as advanced, service-oriented consumers. The company operates 30 building materials centers in seven Western states and had 1990 revenues of $223.6 million.
 BMC WEST CORP.
 CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
 (Unaudited, dollars in thousands except per-share data)
 Three Months Nine Months
 Ended Sept. 28: 1991 1990 1991 1990
 Net sales $63,866 $63,736 $163,052 $174,267
 Cost of sales 49,938 50,400 127,956 138,264
 Gross profit 13,928 13,336 35,096 36,003
 Other income (expense), net 291 248 563 1,118
 Selling, general and
 administrative expense 10,690 10,400 30,157 29,806
 Income from operations 3,529 3,184 5,502 7,315
 Interest expense 1,392 1,504 4,163 4,421
 Income before income taxes 2,137 1,680 1,339 2,894
 Income taxes 562 82 359 141
 Net income $ 1,575 $ 1,598 $ 980 $ 2,753
 Net income per common and
 common equivalent share $ 0.60 $ 0.79 $ 0.43 $ 1.35
 Weighted average number
 of common and common
 equivalent shares 2,630,603 2,010,744 2,224,972 2,016,525
 -0- 11/5/91
 /CONTACT: Ellis C. Goebel of BMC West Corp., 208-338-1757; or Heidi A. Flannery of in.ves'com, 503-221-2087, for BMC West Corp./
 (BMCW) CO: BMC West Corp. ST: Idaho IN: REA SU: ERN SC-JH -- SE002 -- 1079 11/05/91 08:04 EST
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Date:Nov 5, 1991
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