Franklin Building Supply - June 2021

Franklin Building Supply - June 2021

OWNER -TO- OWNER www.franklinbuildingsupply.com | 208-514-2200 | 9222 W. Barnes Dr., Boise, ID 83709 JUNE 2021

MID-YEAR PROGRESS REPORT

A Conversation With Rick

the best information to navigate their own challenges in this market. I am proud of the job our sales

Just like that, the year is nearly half complete. This is a good time to stop and take a measure of how we are doing in our business. By this time, we can see how our performance is holding up to our plan. We also have a good view of our prospects for the rest of the calendar year. Let’s take a peek. First of all, from a financial standpoint, we are doing well. The first five months of the year were the strongest in our company’s 45-year history. Unless you’ve been asleep for months, you know that the housing industry is overwhelmed. Since the Great Recession started in 2007, our country has underbuilt housing compared to our annual needs. Strangely, the COVID-19 pandemic triggered a demand for housing that has swamped the system. There are not enough builders, laborers, or materials to satisfy the demand. As a result, prices for everything associated with building have skyrocketed to levels we have never seen before. The good news is that our sales are beating our plan — by a lot. The challenge is that we aren’t in control of everything we’d like to be. We have quickly pivoted to a goal of making sure our customers have

professionals are doing to get this message out: This includes those working the sales counters at our stores; the field representatives in

direct communication with builders, framers, and subcontractors; the credit folks; and every driver and installer we have facing the public. This is a record-breaking year by many measures, and there is no end in sight. The even better news is that our hard work over the last several years is paying off right now. One of our big rock goals for 2021 is to work smarter, not harder . We have been working to improve the skills of our team. Without those previous efforts, we would not have been able to succeed as we did in the pandemic year of 2020, and we would be in real trouble this year. The improved strength of our team is evident, but our work is not done. All around us, Franklin people are making daily improvements in process, efficiency, accuracy, teamwork, and safety. I’m encouraged by this good work. The half-year report is that we are a strong company. We are focused and organized. We are working as a team. Individual employee- owners are distinguishing themselves by improving their own performance and helping others do the same. The rest of this year will be just as intense as the start has been. I’m excited that we are ready for the challenge.

"ALL AROUND US, FRANKLIN PEOPLE ARE MAKING DAILY IMPROVEMENTS IN PROCESS, EFFICIENCY, ACCURACY, TEAMWORK, AND SAFETY. I’M ENCOURAGED BY THIS GOOD WORK."

– Rick Lierz CEO

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The first month of the 2021 EO Fishing Derby is a wrap — and, boy, did people have fun. A lot of folks submitted photos of fish to our contest email. Every entry with a fish receives a stylish fishing derby shirt for free. You’ll see those T-shirts popping up in your location. You can only get one by submitting an entry. APRIL FISHING DERBY WINNERS

CONGRATULATIONS TO OUR NEW OWNERS The Latest Team Members to Join the FBS ESOP

Smallest Fish Award Elijah Lowther, son of Boise Supply’s CDL driver Aaron Lowther, won for submitting this amazing photo of his bluegill catch.

Every employee becomes an owner after one year and at least 1,000 hours of service, and enrollment automatically happens on the next Jan. 1 or July 1. Congratulations to these new employee-owners for 2021!

Kiss My Fish Award Robert Nilsson, manager of Boise’s granite shop, won for this racy photo with his sucker fish.

Employees becoming owners on July 1: Aaron D. Mariani Adam J. Hinshaw Aiden Layne Swassing Alex Escamilla Alicia Allen

Isaiah Majamay Jeremiah Hall Jesus Heredia Junior Tali Matafele Justin A. Blaha Justin Axford Justin Malang Kalen Thompson Kyle Schow Logan Dixon Matthew L. Berg Maycee Jade Brown Payton Ake Robert Aaron McCormick Robert Carver Sean Armstrong Shawn M. Nelson Spencer C. Urie Tamotsu Doremus Tizoc K. Gonzalez Todd Christopher Durham Toni Dusho Tyler Anderson Wyatt James Hopkins

Andrew Choules Andrew Mannion Betsy Hayhurst Brandon M. Hodson BreAnne Penrod Chandler Todd Anderson Christopher Michael Jacobs Cody Huft Dakota A. Steele Daniel Guadarrama Dathan Williams Dominick J. Parker-Cole Duane Dowell

Best Fish Story Award Taelyn Bautista, daughter of Boise load builder Collin Bautista, shows her fishing skills and credits her practice with her Nintendo Wii. Other winners for April below. Go to the Fishing Derby page under Employee Resources at FranklinBuildingSupply.com to see all of the photos.

Award for Closest Fish-to-Fisherman Ratio Jack Vogel, son of Boise Truss general manager James Vogel, with a humdinger of a steelhead. I’m Not So Happy to Be Catching Fish Award John Rifelj is fighting back that winning smile as he shows off a monster trout. Don’t Touch Me Award Jodi Whittaker of the Twin Falls credit department submitted a photo of her granddaughter wincing at the thought of touching the slimy fish pulled by Jay Cummins.

Dustyn M. Casady Edgar David Carpel Erik Olsen Ethan Brands Ethan J. Crane Evan Davis Garrett Johnson

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WHAT IS YOUR STOCK WORTH? This is an exciting time of year for our employee-owners. We are close to revealing the annual update on our stock price. The independent auditors and business appraisers are done with their work and have set a price for the stock as of Dec. 31, 2020. What will it be? Will your stock account go up in value? If so, how much? Here's a quick recap: Our company is evaluated by professionals once a year. This helps determine a value and price per share of our stock. All of our employee-owners have a stock account that gets updated in value based on this process. Statements of stock value will go out to each employee-owner in July. If you are an owner, watch your mailboxes in July for this statement. Play the Game! You have until June 20 to submit an entry for our annual “Guess the Share Price” game. One guess per employee. You do not have to be an employee-owner to play. If you submit multiple guesses, only the first will be used. To enter, simply email your name, location, and your per- share-price guess to [email protected]. The graph shows the history of our share price before this year. Make your guesses now!

Congratulations to Our New Employee-Owners! The fine folks listed on Page 2 of this issue are new employee-owners as of July 1. We welcome them to the best club in the business. To become an owner, you must simply work at Franklin for 12 straight months and log at least 1,000 hours. If you do that, you automatically become an owner on the following Jan. 1 or July 1. After that, you will receive stock in the company for free when the allocation is made at the year’s end. How cool is that?

JULY BIRTHDAYS

JULY ANNIVERSARIES

LOCATION - EMPLOYEE - YEARS

Boise Gooding McCall

33 29 28 23 19 19 18 15 13 12

Steve Cloyd Mary Ann Harris Deb Parrish Bren Hinkle Greg Dick Chad Witkowski Danny Green Trevor Custer Caleb Hoobery Robert Ruffridge David Cuanas Pete Moore Brenton Black William Lintner Kenny Drennan Shawn Jurgens Brian Cardenas

Jaguar Boise Boise Boise

John Moore JT Taimatuia Harley Beavers Cris Birdwell Gary Cooper Paul Ellwood Jordan Ioane Tony Lorenzo Bob Matthews Mike McFarlin Robert Nilsson Aprille Olson Tim Prendergast Bart Robinson

3 3 2 2 2 2 2 2 2 2 2 2 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

Harley Beavers Tizoc Gonzalez Kaden Lemons Tom Luker Spence Edgerton Austin Simpson Alex Tarasenko Agapito Bernal Doug Cox John Moore Dustin Wickel Eddie Alcantar Bill Ball Todd Durham Pedro Gutierrez Trent McKnight Kathleen Putman Julie Bondi Caitlyn Campbell Jason Powers Jerod Stansell Michael Zimmer Jeffrey Bucklin Fisher Fisher Matt Jones Rigo Varela Cory Christensen Greg Silvas Moises Alvarado Jesslynn Lund Aaron Mariani Dale Amen Andy Crow

18 18 18 18 19 20 21 22 22 22 22 23 23 23 23 23 23 24 24 25 25 26 26 26 27 27 27 28 30 30 31 31 31

Boise Boise Jerome Truss Pocatello Elko Boise Pocatello Caldwell Pocatello Twin Falls Boise Elko Jerome Truss Boise Truss Caldwell Boise Caldwell Jerome Boise Truss Boise Truss Boise Boise Boise Pocatello Sawtooth Door Boise Pocatello

Nick Kotichas Cole Slagle Christopher Daniel Caden Millward Chris Martin Jonathan Rodriguez Shane Ellis Dave LaBrie Tamotsu Doremus Lark Goddard Trevor Abrams Antonio DeLaRosa Gryffen Hanson CJ Bridwell Evan Hess Brian Smith Rusty Anderson Jose Arregui Kristin Hinson Chris Harris Bobby Humphreys Steve Morgan Bradley Morrow Daniel Amspacher

2 2 3 3 4 4 6 6 7 7 8 8 8 9 9 9

Pocatello Fruitland

Boise Boise Boise Truss Jerome Truss

9 9 7 7 6 6 5 5 5 4 4 4 4 4 4 4 4 4 3 3 3 3

Boise Boise Boise Caldwell Boise Caldwell Jaguar Pocatello

Robert Tomlinson Jaime Bermudez Jr. Matthew Christensen Brayden Danner Kevin Farnworth Seth Higginson Joseph Jeffers Dave LaBrie Jason Martin Triston McCleskey

Lane Tibbett Jacob Weaver Andy Crow Jared Evans

10 10 10 11 11 11 12 14 14 14 15 15 15 15 15 17

McCall Jaguar

Jerome Truss Jerome Truss Pocatello

Daniel Cedano Erik Gunderson Brandon Huntsman

Boise Boise Burley Caldwell Jaguar Fruitland

Shawn Jensen Gino Johnson

Jeremy Pierce Robert Rogers

Jesus Heredia Dakota Steele CJ Firkins Mike McFarlin Rhonda Millick

Jonathan Rodriguez Jackson Theberge

Jacob Severance Mitchell Sherman Richard Shull Dalton Turnbough Corban Wallin

Jesse Bernal Austin Burrup Brian Grove Nick Jennings

Boise Boise

Dano Otero Greg Trujillo Amber Hall

Boise Boise

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PRST STD US POSTAGE PAID BOISE, ID PERMIT 411

www.franklinbuildingsupply.com 9222 W. Barnes Dr. Boise, ID 83709

I N S I D E

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Mid-Year Progress Report April Fishing Derby Winners Congratulations, New Owners! What Is Your Stock Worth? June Birthdays and Anniversaries

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Spotlight on Jared

JUNE'S SPOTLIGHT LEFT LUMBER FOR CAVIAR — AND THEN CAME BACK!

Jared Evans, our Jerome Yard Manager, Just Couldn't Keep Away

Did you catch it? “This time around” — this is actually Jared’s second go around with FBS, although his first as an employee-owner. “I enjoyed it before, but when they made the switch to employee- ownership, that was what cinched it for me. I knew I had to come back.” And so he did, with a few more skills and an interesting period of work to show for it. You see, Jared spent 2 1/2 years raising sturgeon on a local fish farm in between stints here at FBS. You might think of classy dinner parties when you think about caviar, but Jared thinks about Southern Idaho and the ponds where he raised the sturgeon that make the stuff. “That job was where I really learned inventory management,” Jared says. It would come in useful down the line. Once again part of a “10 Best Places to Work in Idaho” company, Jared looks forward to retiring at FBS. In the meantime, he enjoys scouting and spending time with family.

As any of our yard managers can tell you, the position is not an easy one. It takes a certain kind of person to keep track of all the moving bits and pieces, organize supplies and materials in a way that makes sense, and still be willing and able

to get out there in all kinds of weather and work like you mean it along with the other team members as we get trucks filled up. Jared, this month's Employee Owner Spotlight, is just that sort of person. He’s a man with an organized brain but calluses on his hands. Of course, he’s a lot more humble about it. “I just like operations,” he says. “I’m a bit of an efficiency guy, and if I can keep things lean, then I’m happy.” Born and raised in Southern Idaho, he’s happy to have a job that suits his talents and the way his brain works. “When I came to work here this time around, I was doing gutters and overhead doors,” Jared says. “But this is much more my speed.”

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