BMHC Building Materials

In the news release, BMHC (NASDAQ:BMHC) Announces Second Quarter 2006 Financial Results, issued earlier today by Building Materials Holding Corporation over PR Newswire, in the second financial table (Balance Sheets) the fifth line that reads "deductible reserves" and the corresponding numbers should be disregarded as they were incorrectly transmitted by PR Newswire. The corrected table is as follows: Building Materials Holding Corporation Consolidated Balance Sheets (thousands, except share data) (unaudited) June 30 December 31 2006 2005 Assets Cash and cash equivalents $37,885 $30,078 Marketable securities 1,917 3,645 Receivables, net of allowances of $5,010 and $3,756 404,691 363,527 Inventory 198,846 168,282 Unbilled receivables 82,695 56,128 Deferred income taxes 6,747 5,768 Prepaid expenses and other 9,731 6,967 Total current assets 742,512 634,395 Property and equipment Land 49,138 47,328 Buildings and improvements 127,882 118,556 Equipment 183,865 166,633 Construction in progress 18,530 9,485 Accumulated depreciation (131,280) (121,525) Marketable securities 34,724 28,875 Deferred loan costs 4,674 3,616 Other long-term assets 29,362 20,465 Other intangibles, net 75,162 55,227 Goodwill 244,425 187,470 Total assets $1,378,994 $1,150,525 Liabilities, Minority Interests and Shareholders' Equity Accounts payable $176,447 $146,627 Accrued compensation 59,086 65,928 Insurance deductible reserves 33,075 21,872 Other accrued liabilities 89,396 51,579 Billings in excess of costs and estimated earnings 53,721 33,799 Current portion of long-term debt 13,804 10,131 Total current liabilities 425,529 329,936 Deferred income taxes 6,177 6,911 Insurance deductible reserves 22,330 20,753 Long-term debt 339,223 278,169 Other long-term liabilities 39,156 30,689 Total liabilities 832,415 666,458 Minority interests 11,746 14,006 Commitments and contingent liabilities -- -- Shareholders' equity Common shares, $0.001 par value: authorized 50 million shares; issued and outstanding 28,995,803 and 28,758,580 shares 29 29 Additional paid-in capital 148,398 143,780 Unearned compensation -- (2,698) Retained earnings 384,914 328,463 Accumulated other comprehensive income, net 1,492 487 Total shareholders' equity 534,833 470,061 Total liabilities, minority interests and shareholders' equity $1,378,994 $1,150,525 DATASOURCE: Building Materials Holding Corporation

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