July 13, 2014 3:14 PM ET

Building Products

Company Overview of Associated Materials, LLC

Company Overview

Associated Materials, LLC manufactures and distributes exterior residential building products in the United States and Canada. The company produces exterior building products, including vinyl windows, vinyl siding, vinyl railing and fencing, aluminum trim coil, aluminum and steel siding, and related accessories; and sells complementary products that are manufactured by third parties, such as roofing materials, cladding materials, insulation, exterior doors, equipment, and tools, as well as provides installation services. It markets its products under the Alside, Revere, Gentek, UltraGuard, Preservation, and Alpine brands. The company also produces vinyl fencing and railing materials, includi...

3773 State Road

Cuyahoga Falls, OH 44223

United States

Founded in 1947

2,900 Employees

Phone:

330-929-1811

Key Executives for Associated Materials, LLC

Chief Executive Officer
Age: 48
Chief Financial Officer
Age: 50
Senior Vice President of Operations
Age: 50
Chief Human Resources Officer and Senior Vice President
Age: 56
Chief Marketing Officer and Senior Vice President
Age: 47
Compensation as of Fiscal Year 2014.

Associated Materials, LLC Key Developments

Associated Materials, LLC Reports Earnings Results for the First Quarter of 2014

Associated Materials, LLC reported earnings results for the first quarter of 2014. For the quarter, the company reported net sales were $196.6 million, representing a $12.4 million or 5.9% decrease when compared to the prior year's first quarter net sales of $209 million. The decrease in Net Sales were primarily due to an $8.1 million decrease in its third-party manufactured products' sales, mainly in its roofing business; a $5.6 million decrease in vinyl siding sales, as unit volume decreased over 9% versus prior year; and a $4.6 million decrease in metal product sales. Adjusted EBITDA was negative $6.9 million compared to a negative $1.3 million in the first quarter of 2013. Adjusted EBITDA reflects certain adjustments to EBITDA that are permitted under its credit agreement and the indenture relating to its 9.125% senior secured notes due 2017. Net cash used in operating activities was $47.2 million compared to net cash used in operating activities of $14 million for the corresponding period in 2013. The lower use of cash in the current year quarter was primarily due to the timing of inventory build for seasonal demands in the later quarters, as well as managing its inventory levels as a result of the reduced sales. Net cash used in investing activities during the first quarter of 2014 was $3.6 million of cash compared to $1.7 million in the corresponding period of 2013. The use of cash for the first quarter of 2014 consisted of capital expenditures of $3.6 million, while the use of cash for the corresponding period in 2013 consisted of capital expenditures of $1.4 million and $0.3 million for the acquisition of our Birmingham, Alabama supply center.

Associated Materials, LLC, Q1 2014 Earnings Call, May 16, 2014

Associated Materials, LLC, Q1 2014 Earnings Call, May 16, 2014

Associated Materials, LLC, Associated Materials Group, Inc., Associated Materials Incorporated and AMH New Finance, Inc. Announce Management Changes

Effective May 5, 2014, Mr. Dana R. Snyder resigned from his position as Interim Chief Executive Officer of Associated Materials, LLC and each of Associated Materials Group, Inc., Associated Materials Incorporated and AMH New Finance, Inc. Mr. Snyder will remain on the board of directors of each of the companies as a non-employee director. Effective May 5, 2014, the Board appointed Mr. Brian C. Strauss as President and Chief Executive Officer, and as a director, of each of the companies and of certain subsidiaries of the company. Before joining the company, Mr. Strauss served as President and Chief Executive Officer of Henry Company from 2007 to April 2014.

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