Stock Building Supply, which filed plans for an initial public offering of stock in June, expects to turn a profit in the second quarter of this year.
The Raleigh-based company reported in an updated securities filing that it expects net income of between $1.3 million and $2.3 million, compared to a loss of $2.2 million during the same period in 2012.
The company expects net sales of between $313.7 million and $315.3 million in the second quarter, or about 27 percent higher than the same period last year. For the first six months of 2013, Stock expects net sales of between $562.4 million and $564 million, up from $434.4 million last year.
Stock attributed the increasing sales to "the improving residential construction market and increased selling prices for lumber and lumber sheet goods."