<PAGE>

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D. C. 20549

                                   FORM 10-Q


             (X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d)
                    OF THE SECURITIES EXCHANGE ACT OF 1934

               For the quarterly period ended September 24, 1999

                                      OR


             ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d)
                    OF THE SECURITIES EXCHANGE ACT OF 1934

                FOR THE TRANSITION PERIOD FROM ______ TO ______

                         Commission File No.  0-27424
                                              -------



                            WILMAR INDUSTRIES, INC.
                            -----------------------
            (Exact name of registrant as specified in its charter)


                  New Jersey                       22-2232386
             --------------------------          -------------------
             (State of incorporation or           (I.R.S. Employer
             organization)                        Identification No.)


             303 Harper Drive
             Moorestown, New Jersey                   08057
             --------------------------          ------------------
             (Address of principal                  (Zip Code)
              executive offices)


      Registrant's telephone number, including area code: (609) 439-1222

     Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.


                              Yes    X        No
                                 --------       -------

     The number of shares of the registrant's common stock, no par value,
outstanding as of October 30, 1999 was 12,407,826.
<PAGE>

ITEM 1 - FINANCIAL STATEMENTS

WILMAR INDUSTRIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS - (Unaudited)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>

                                                                                         September 24,            December 25,
                                                                                             1999                     1998
                                                                                       ----------------        ----------------
<S>                                                                                    <C>                      <C>
ASSETS

CURRENT ASSETS
    Cash and cash equivalents                                                          $    25,586,135          $   30,611,955
    Cash - restricted                                                                          307,254                 297,236
    Accounts Receivable - trade, net of allowance for doubtful accounts
     of $1,259,240 in 1999 and $1,399,200 in 1998.                                          36,184,116              27,535,016
    Inventory                                                                               29,378,518              30,128,680
    Prepaid expenses and other current assets                                                  370,305                 385,992
    Deferred income taxes                                                                    1,419,000               1,498,000
                                                                                       ----------------        ----------------
            Total current assets                                                            93,245,328              90,456,879

PROPERTY AND EQUIPMENT, net of accumulated depreciation
    of $5,490,393 in 1999 and $4,740,501 in 1998.                                            4,731,271               4,183,348

GOODWILL, net of accumulated amortization of $1,453,795 in 1999 and $973,445 in 1998.       21,687,173              22,133,860

INTANGIBLE ASSETS AND OTHER, Net                                                             4,829,873               4,921,704
                                                                                       ----------------        ----------------
TOTAL ASSETS                                                                           $   124,493,645          $  121,695,791
                                                                                       ================        ================

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
    Notes payable                                                                      $             -          $    1,208,518
    Accounts payable                                                                        17,584,222              11,991,661
    Accrued expenses and other current liabilities                                           4,923,027               4,294,425
    Income taxes payable                                                                       651,540                 412,160
                                                                                       ----------------        ----------------
              Total current liabilities                                                     23,158,789              17,906,764

COMMITMENTS AND CONTINGENT LIABILITIES

STOCKHOLDERS' EQUITY
Preferred stock, $.01 par value, 5,000,000 shares authorized; none issued Common
stock, no par value - 50,000,000 shares authorized;
    12,407,826 shares issued and outstanding in 1999
    13,389,827 shares issued and outstanding in 1998                                       103,725,914             103,568,743
Retained earnings                                                                           10,412,505                 220,284
                                                                                       ----------------        ----------------
                                                                                           114,138,419             103,789,027
Less: Treasury stock, at cost (1,000,000 shares in 1999)                                   (12,803,563)
                                                                                       ----------------        ----------------
        Total stockholders' equity                                                         101,334,856             103,789,027
                                                                                       ----------------        ----------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                             $   124,493,645          $  121,695,791
                                                                                       ================        ================
</TABLE>




The accompanying notes are an integral part of these condensed consolidated
financial statements
<PAGE>

WILMAR INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - (Unaudited)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>


                                                            For the Three       For the Three      For the Nine       For the Nine
                                                            Months Ended        Months Ended       Months Ended       Months Ended
                                                            September 24,       September 25,      September 24,      September 25,
                                                                1999                1998               1999               1998
                                                            -------------       -------------      -------------      -------------
<S>                                                       <C>                  <C>                <C>                <C>
NET SALES                                                 $    58,616,006      $   52,093,171     $  162,380,267     $   145,297,415

COST OF SALES                                                  41,783,146          37,029,987        114,930,540         103,322,150
                                                          ---------------      --------------    ---------------     ---------------
          Gross profit                                         16,832,860          15,063,184         47,449,727          41,975,265

OPERATING EXPENSES:
     Operating and selling expenses                             7,726,854           6,876,052         22,495,927          19,750,733
     Corporate general and administrative expenses              3,198,925           2,645,613          9,282,512           8,166,499
                                                          ---------------      --------------    ---------------     ---------------
     Total operating expenses                                  10,925,779           9,521,665         31,778,439          27,917,232
                                                          ---------------      --------------    ---------------     ---------------
          Operating income                                      5,907,081           5,541,519         15,671,288          14,058,033

INTEREST INCOME, NET                                              253,532             362,536            901,333           1,137,458
                                                          ---------------      --------------    ---------------     ---------------
          Income before income taxes                            6,160,613           5,904,055         16,572,621          15,195,491

PROVISION FOR INCOME TAXES                                      2,371,800           2,273,000          6,380,400           5,782,400
                                                          ---------------     ---------------    ---------------     ---------------
          Net income                                      $     3,788,813      $    3,631,055     $   10,192,221     $     9,413,091
                                                          ===============     ===============    ===============     ===============

     Net income per share - Basic                         $          0.31      $         0.27     $         0.79     $          0.70
                                                          ===============     ===============    ===============     ===============
     Net income per share - Diluted                       $          0.30      $         0.27     $         0.79     $          0.70
                                                          ===============     ===============    ===============     ===============
</TABLE>


The accompanying notes are an integral part of these condensed consolidated
financial statements
<PAGE>

                                                                          page 5

WILMAR INDUSTERIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) -
(Unaudited)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>

                                                                               (Accumulated
                                                                                Deficit) /                             Total
                                               Common           Stock            Retained         Treasury          Stockholders'
                                               Shares           Amount           Earnings           Stock        (Deficit) Equity
                                            ------------   ---------------   ---------------  ---------------   ------------------
<S>                                         <C>            <C>               <C>              <C>               <C>
BALANCE, DECEMBER 26, 1997                    13,335,754   $   102,793,984   $   (12,244,900)   $           -   $       90,549,084

Exercised Stock Options                           48,350           360,446                                                 360,446
Tax Benefit from Exercised Stock Options                           283,600                                                 283,600
Issuance of Common Stock -
 Apartment Cleaning Acquisition                    5,723           130,713                                                 130,713
Net income                                                                        12,465,184                            12,465,184
                                            ------------   ---------------   ---------------  ---------------     ----------------
BALANCE, DECEMBER 25, 1998                    13,389,827   $   103,568,743   $       220,284    $           -     $    103,789,027

Exercised Stock Options                           17,999            93,041                                                  93,041
Tax Benefit from Exercised Stock Options                            64,130                                                  64,130
Repurchase of Common Stock                    (1,000,000)                                         (12,803,563)         (12,803,563)
Net income                                                                        10,192,221                            10,192,221
                                            ------------   ---------------   ---------------  ---------------    -----------------
BALANCE, SEPTEMBER 24, 1999                   12,407,826   $   103,725,914   $    10,412,505  $   (12,803,563)   $     101,334,856
                                            ============   ===============   ===============  ===============    =================
</TABLE>

The accompanying notes are an integral part of these condensed consolidated
financial statements

<PAGE>

WILMAR INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - (Unaudited)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                      For the Nine                   For the Nine
                                                                                      Months Ending                  Months Ending
                                                                                   September 24, 1999             September 25, 1998
                                                                                   ------------------             ------------------
<S>                                                                                <C>                            <C>
OPERATING ACTIVITIES:
      Net Income                                                                      $    10,192,221             $       9,413,091
      Adjustments  to  reconcile  net income to net cash
        provided by  operating activities:
        Depreciation and amortization                                                       1,684,600                     1,431,313
        Deferred income taxes                                                                  79,000                      (286,000)
        Loss (gain) on disposition of property and equipment                                   12,939
        Changes in assets and liabilities, net of effects of acquisition:
          Accounts receivable                                                              (8,462,986)                   (6,178,507)
          Inventory                                                                           877,043                    (5,390,146)
          Prepaid expenses and other current assets                                             5,669                        34,452
          Intangible assets and other                                                         (31,388)                     (340,062)
          Accounts payable                                                                  5,592,561                     1,346,407
          Accrued expenses and other current liabilities                                      618,251                       980,614
          Income taxes payable                                                                303,510                       375,757
                                                                                      ---------------             -----------------
               Net cash provided by operating activities                                   10,871,420                     1,386,919
                                                                                      ---------------             -----------------
 INVESTING ACTIVITIES:
      Purchase of property and equipment                                                   (1,404,393)                   (1,208,568)
      Proceeds from sale of property and equipment                                              2,500
      Acquisition of businesses, including escrow                                            (576,307)                   (1,962,923)
                                                                                      ---------------             -----------------
               Net cash used in investing activities                                       (1,978,200)                   (3,171,491)
                                                                                      ---------------             -----------------
 FINANCING ACTIVITIES:
      (Repayment of) proceeds from notes payable                                           (1,208,518)                      300,000
      Purchases of stock for treasury                                                     (12,803,563)
      Net proceeds from exercise of stock options                                              93,041                       321,689
                                                                                      ---------------             -----------------
               Net cash (used in) provided by financing activities                        (13,919,040)                      621,689
                                                                                      ---------------             -----------------
 NET INCREASE IN CASH                                                                      (5,025,820)                   (1,162,883)

 CASH, BEGINNING OF PERIOD                                                                 30,611,955                    30,723,746
                                                                                      ---------------             -----------------
 CASH, END OF PERIOD                                                                  $    25,586,135             $      29,560,863
                                                                                      ===============             =================

 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

      Cash paid during the period for:
        Interest                                                                      $        96,628             $          11,328
                                                                                      ===============             =================
        Income taxes                                                                  $     4,167,454             $       5,765,843
                                                                                      ===============             =================

 SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES

      Issuance of Common Stock in connection with the purchase of:
          Apartment Cleaning Supply and Pool Supply, Inc.                                                         $         130,713
</TABLE>

The accompanying notes are an integral part of these condensed consolidated
financial statements
<PAGE>

                            WILMAR INDUSTRIES, INC.

           NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


Note 1 - Basis of Presentation
------------------------------

The condensed consolidated financial statements include the accounts of Wilmar
Industries, Inc. ("Wilmar" or the "Company") and its subsidiaries.  Inter-
company balances and transactions have been eliminated.

These financial statements have been prepared in accordance with generally
accepted accounting principles for interim financial information and with the
instructions to Form 10-Q and Article 10-01 of Regulation S-X.  Accordingly,
they do not include all of the information and footnotes required by generally
accepted accounting principles for complete financial statements.  In the
opinion of management, such interim statements reflect all adjustments
(consisting of normal recurring adjustments) necessary to present fairly the
financial position and the results of operations and cash flows for the interim
periods presented.  The results of operations for these interim periods are not
necessarily indicative of the results to be expected for the full year ending
December 31, 1999.  These financial statements should be read in conjunction
with the audited consolidated financial statements and footnotes included in the
Company's Form 10-K for the year ended December 25, 1998.

Note 2 - Accounting Policies
----------------------------

In June 1998, the Financial Accounting Standards Board ("FASB") issued Statement
of Financial Accounting Standards ("SFAS") No. 133, "Accounting for Derivative
Instruments and Hedging Activities", which establishes accounting and reporting
standards for derivative instruments, including certain derivative instruments
embedded in other contracts, (collectively referred to as "derivatives") and for
hedging activities. It requires that an entity recognize all derivatives as
either assets or liabilities in the statement of financial position and measure
those instruments at fair value.  The effective date for this statement
(originally for all fiscal quarters of fiscal years beginning after June 15,
1999) has been delayed until July 1, 2000.  Management has not yet determined
what effect, if any, this statement will have on the Company.

Note 3 - Acquisition
--------------------

On July 30, 1999, the Company acquired certain assets of The Mini Blind Company
("Mini Blind"), a distributor of vertical and mini blinds to the multi-family or
apartment housing market, based in San Antonio, TX.  The total purchase price of
the acquisition was paid in cash.  Goodwill and other intangibles recorded in
connection with this acquisition are being amortized on a straight-line basis.
The acquisition is being accounted for using the Purchase method.


Note 4 - Income Taxes
---------------------

The Company provides for income taxes based upon SFAS No. 109, "Accounting for
Income Taxes", which requires an asset and liability approach to financial
accounting and reporting for income taxes.
<PAGE>

                            WILMAR INDUSTRIES, INC.

 NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS, Continued



Note 5 - Computation of Basic and Diluted Net Income Per Share
--------------------------------------------------------------

Net income per share presented for all periods have been computed in accordance
with SFAS No. 128, "Earnings per Share." Basic net income per share is computed
by dividing net income by the weighted-average number of shares outstanding
during the period. Diluted net income per share is computed by dividing net
income by the weighted-average number of shares outstanding during the period,
assuming dilution.

   The amounts used in calculating net income per share data are as follows:

<TABLE>
<CAPTION>
                                For the Three       For the Three        For the Nine        For the Nine
                                 Months Ended        Months Ended        Months Ended        Months Ended
                                September 24,       September 25,        September 24,       September 25,
                                     1999                1998                1999                1998
                              ----------------    ----------------    -----------------   -----------------

<S>                             <C>                 <C>                 <C>                 <C>
Net Income                         $ 3,788,813         $ 3,631,055          $10,192,221         $ 9,413,091
                                   ===========         ===========          ===========         ===========

Weighted Average Shares
       Outstanding - Basic          12,402,735          13,383,352           12,835,654          13,361,833
Effect of Dilutive Stock
 Options                               131,083             133,250              128,319             142,440
                                   -----------         -----------          -----------         -----------
Weighted Average Shares
       Outstanding - Diluted        12,533,818          13,516,602           12,963,973          13,504,273
                                   ===========         ===========          ===========         ===========
</TABLE>


The following options to purchase common stock, although outstanding, were not
included in the computation of weighted average shares outstanding - Diluted
because the options' exercise price was greater than the average market price of
common shares during the period.  For the three months ended September 24, 1999
and September 25, 1998, 417,037 and 70,450, respectively, as well as 395,437 and
52,050 options to purchase shares of common stock that were outstanding during
the nine months ended September 24, 1999 and September 25, 1998, respectively,
were not included.


Note 6 - Contingencies
----------------------

The Company is involved in various legal proceedings in the ordinary course of
its business, which are not anticipated to have a material adverse effect on the
Company's results of operations or financial position.

Note 7 - Subsequent Events
--------------------------

On October 1, 1999, the Company acquired 100% of the capital stock of Ace
Maintenance Mart ("Ace"), a direct marketer of repair and maintenance products
to the multi-family or apartment housing market, based in San Diego, CA.  The
purchase price of this acquisition was paid in cash and has been allocated to
the assets acquired based upon their estimated fair market values. Goodwill and
other intangibles recorded in connection with this acquisition will be amortized
on a straight-line basis. The acquisition is being accounted for using the
Purchase method.
<PAGE>

                            WILMAR INDUSTRIES, INC.

Item 2 - Management's Discussion and Analysis of Financial Condition and Results
of Operations

This document contains certain forward-looking statements that are subject to
risks and uncertainties.  Forward-looking statements include certain information
relating to future growth plans, the anticipated costs associated with those
plans, the Company's liability and capital resources, as well as information
contained elsewhere in this report where statements are preceded by, followed by
or include the words "believes," "expects," "anticipates" or similar
expressions.  For such statements the Company claims the protection of the safe
harbor for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995.  Actual events or results may differ materially
from those discussed in forward-looking statements as a result of various
factors, including without limitation, general market conditions, increased
competition, failure to locate and acquire acquisition candidates, and factors
discussed elsewhere in this report and in the documents incorporated herein by
reference.  The following discussion should be read in conjunction with the
interim financial statements and the notes thereto contained elsewhere in this
report on Form 10-Q.

Results of Operations

Nine Months Ended September 24, 1999 Compared to Nine Months Ended September 25,
1998.

Net Sales.  Net sales increased by $17.1 million, or 11.8%, to $162.4 million
for the nine months ended September 24, 1999 from $145.3 million for the
corresponding period in 1998. This increase was attributable to continuing
penetration of existing sales territories, sales force additions, the Company's
telesales effort and increased sales to national accounts.  Sales attributable
to the existing sales force (salesmen employed for all of both periods)
increased 9.1%. In addition, the acquisitions of certain assets of Apartment
Cleaning Supply and Pool Supply, Inc. ("ACSPS"), the California-based American
Maintenance Supply, Inc. ("AMS-CA"), the Nevada-based American Maintenance
Supply, Inc. ("AMS-NV"), Kurzon Supply Company, Inc. ("Kurzon"), and The Mini
Blind Company ("Mini Blind"), which occurred in June 1998, March 1998, May 1998,
November 1998 and July 1999, respectively, also contributed to the Company's
growth.  Price increases during both periods were modest and made only on
selected items.  During the nine months ended September 24, 1999, Wilmar
generated approximately $8.5million in net sales to new end markets as a result
of the Company's decision to target customers outside its core apartment housing
market.

Gross Profit.  Cost of sales includes merchandise, freight, distribution center
occupancy and delivery costs.   As a percentage of net sales, gross profit was
29.2% for the nine months ended September 24, 1999 compared to 28.9% for the
corresponding period in 1998. The increase is attributable to the July 1998
divestiture of our high-end appliance division, as well as the Company's
continuing merchandising efforts.

Operating and Selling Expenses.  Operating and selling expenses consist of labor
and other costs associated with operating a distribution center as well as
selling expenses and commissions.  Operating and selling expenses increased by
$2.7 million, or 13.9%, to $22.5 million for the nine months ended September 24,
1999 from $19.8 million for the corresponding period in 1998.  As a percentage
of net sales, these expenses represented 13.9% for the nine months ended
September 24, 1999 compared to 13.6% for the corresponding period in 1998.  This
increase was primarily due to the Company's continual investment in its field
sales force.

Corporate General and Administrative Expenses.  Corporate general and
administrative expenses increased by $1.1 million or 13.7%, to $9.3 million for
the nine months ended September 24, 1999 from $8.2 million for the corresponding
period in 1998. This increase is primarily the result of the enhanced staffing
required to manage a larger volume of business. As a percentage of net sales,
corporate general and administrative expenses represented 5.7% for the nine
months ended September 24, 1999 and 5.6% for the corresponding period in 1998.

Operating Income.  Operating income increased by $1.6 million, or 11.5%, to
$15.7 million for the nine months ended September 24, 1999 from $14.1 million
for the corresponding period in 1998.  As a percentage of net sales, operating
income was 9.7% for both the nine months ended September 24, 1999 and September
25, 1998.

Interest Income.  Net interest income for the nine months ended September 24,
1999 was $901,000 and $1.1 million for the corresponding period in 1998. The
interest income occurred as a result of the investment income from the proceeds
of the secondary public offering completed in July 1996. The decrease in
interest income was a result of the Company's stock repurchase program. During
the first six month of 1999 the Company repurchased one million shares of common
stock at an average price of $12.80.
<PAGE>

                            WILMAR INDUSTRIES, INC.

Item 2 - Management's Discussion and Analysis of Financial Condition and Results
of Operations, Continued

Results of Operations

Three Months Ended September 24, 1999 Compared to Three Months Ended September
25, 1998

Net Sales.  Net sales increased by  $6.5 million, or 12.5%, to $58.6 million for
the three months ended September 24, 1999 from $52.1 million for the
corresponding period in 1998. This increase was attributable to continuing
penetration of existing sales territories, sales force additions, the Company's
telesales effort, and increased sales to national accounts.  Sales attributable
to the existing sales force (salesmen employed for all of both periods)
increased 9.0%.  In addition the acquisitions of certain assets of Kurzon and
Mini Blind which occurred in November 1998 and July 1999, respectively, also
contributed to the Company's growth.  Price increases during both periods were
modest and made only on selected items.  During the three months ended September
24, 1999, Wilmar generated approximately $3.0 million in net sales to new end
markets as a result of the Company's decision to target customers outside its
core apartment housing market.

Gross Profit.  Cost of sales includes merchandise, freight, distribution center
occupancy and delivery costs.  As a percentage of net sales, gross profit was
28.7% for the three months ended September 24, 1999 compared to 28.9 % for the
corresponding period in 1998.  This slight decrease in the gross margin was a
result of the Company's decision to invest in improved delivery service for
existing customers, as well as to better penetrate new geographic markets and
regions where a local distribution center is not located.

Operating and Selling Expenses.  Operating and selling expenses consist of labor
and other costs associated with operating a distribution center as well as
selling expenses and commissions.  Operating and selling expenses increased by
$851,000, or 12.4%, to $7.7 million for the three months ended September 24,
1999 from $6.9 million for the corresponding period in 1998.  As a percentage of
net sales, these expenses represented 13.2% for the three months ended September
24, 1999 and September 25, 1998. The percent of sales remained constant even
though the Company continued to invest in addition field sales representatives.

Corporate General and Administrative Expenses.  Corporate general and
administrative expenses increased by $553,000, or 20.9%, to $3.2 million for the
three months ended September 24, 1999 from $2.6 million for the corresponding
period in 1998. As a percentage of net sales, these expenses represented 5.5%
for the three months ended September 24, 1999 and 5.1% for the corresponding
period in 1998.  This increase is primarily the result of the enhanced staffing
required to manage a larger volume of business.

Operating Income.  Operating income increased by $366,000 or 6.6%, to $5.9
million for the three months ended September 24, 1999 from $5.5 million for the
corresponding period in 1998. As a percentage of net sales, operating income was
10.1% for the three months ended September 24, 1999 and 10.6% for the
corresponding period in 1998.

Interest Income.  Net interest income for the three months ended September 24,
1999 was $254,000 and $363,000 for the corresponding period in 1998. The
interest income occurred as a result of the investment income from the proceeds
of the secondary public offering completed in July 1996. The decrease in
interest income was a result of the Company's stock repurchase program. During
the first six month of 1999 the Company repurchased one million shares of common
stock at an average price of $12.80.
<PAGE>

                            WILMAR INDUSTRIES, INC.


Item 2 - Management's Discussion and Analysis of Financial Condition and Results
of Operations, Continued

Results of Operations

Three Months Ended September 24, 1999 Compared to Three Months Ended September
25, 1998

Liquidity and Capital Resources

Historically, Wilmar's primary source of liquidity has been cash flow from
operations, supplemented by borrowings under its bank line of credit to support
increases in accounts receivable and inventory, net of accounts payable, and the
public sale of its securities.

On March 19, 1999, the Company announced that its Board of Directors had
approved a stock buyback program whereby it may repurchase up to one million
shares of its common stock. Such repurchases may be made from time to time in
open market transactions at prevailing prices or in privately negotiated
transactions on terms mutually agreed upon. As of May 11, 1999, the Company had
repurchased one million shares at an average price of $12.80 per share.

Cash provided by operating activities was $10.9 million during the nine months
ended September 24, 1999 compared to $1.4 million of cash provided by operating
activities during the corresponding period in 1998.  Cash provided by operating
activities during the nine months ended September 24, 1999 consisted of  $10.2
million of net income before adding back depreciation and amortization and other
non-cash charges, decreased  $1.1 million by changes in operating assets and
liabilities. This primarily resulted from a $6.5 million increase in accounts
payable, accrued expenses and income tax payable as well as a $877,000 decrease
in inventory offset by an increase in accounts receivable of $8.5 million.

Cash used in investing activities during the nine months ended September 24,
1999 was $2.0 million, which consisted of approximately $1.4 million for the
purchase of property and equipment and $600,000 relating to the acquisition of
The Mini Blind Company.

Cash used in financing activities during the first nine months of 1999 was
approximately $13.9 million, consisting of approximately $1.2 million used for
repayment of notes, $12.8 million for the purchase of stock for treasury offset
by proceeds of $93,000 received from the exercise of stock options.

Capital expenditures were $1.4 million for the nine months ended September 24,
1999 compared to $1.2 million for the corresponding period in 1998. Capital
expenditures for the first nine months of 1999 were primarily for the
improvement and updating of the Company's distribution centers, and the
integration of its new supply fulfillment system. The Company intends to finance
its future capital expenditures with cash flow from operations and possibly with
a portion of the previous public offerings, term debt or capital leases.

Wilmar's credit facilities consist of two unsecured bank lines of credit
totaling $15 million. These lines of credit had zero balances at September 24,
1999.  In 1999, the Company renewed an existing $10 million unsecured bank line
of credit, which bears interest at three quarter percent below the bank's prime
rate, as well as a $5 million unsecured bank line of credit, which bears
interest at the bank's prime rate. These credit facilities expire in December
1999.  The Company anticipates renewing these credit facilities as they expire.
The Company believes it could increase the amount of these credit facilities if
needed, although there can be no assurance that it could do so on equally or
more favorable terms.

The Company believes that its existing cash balances, supplemented by borrowings
under the revolving line of credit, are adequate to meet planned operating and
capital expenditure needs at least through 1999.  However, if the Company were
to make any significant acquisitions for cash, it might be necessary for the
Company to obtain additional debt or equity financing.
<PAGE>

                            WILMAR INDUSTRIES, INC.


Item 2 - Management's Discussion and Analysis of Financial Condition and Results
of Operations, Continued

Year 2000 Compliance

The Company recognizes that the arrival of the Year 2000 ("Y2K") poses a
worldwide challenge to the ability of all systems to recognize the date change
from December 31, 1999 to January 1, 2000. The Company has completed its
assessment of in-house maintained software, third party software and systems.
All identification and remediation unit testing and system testing of Y2K
related systems issues have been completed.

All costs associated with the Y2K project to date have been expensed as
incurred. These costs have not been and are not anticipated to be material to
the Company's financial position, results of operations or cash flows in any
given year, and such cost has been and is expected to continue to be funded from
the Company's operations.  The Company's total estimated cost of the Y2K
compliance program is approximately $50,000 to $100,000. A significant portion
of these costs are not likely to be incremental costs to the Company, but rather
will represent the redeployment of existing information technology resources.
The Company has the necessary resources in-house to complete all required Y2K
remediation.

Based on it's review, the Company does not believe the transition from 1999 to
2000 will have any adverse effect on operations attributable to any of its
computerized systems.  However, there is no guarantee that computing systems and
associated applications of other companies with which the Company conducts
business will be converted on a timely basis or that a failure by said companies
to address their Y2K compliance problems would not have a material adverse
impact on the Company.

Contingency plans reflect analysis of risks associated with year 2000 related
issues pertaining to product supply, services and system support. In connection
with these analysis, the Company has identified alternative sources related to
product supply, services and system support. Surveys of key vendors and plans
for closely monitoring inventory levels at the close of 1999 gives the Company
confidence that merchandise stock levels and the Company's ability to ship
merchandise will not be adversely affected by vendors' Y2K systems issues.
<PAGE>

                                 WILMAR INDUSTRIES, INC.

PART II -- OTHER INFORMATION

Item 1.  Legal Proceedings

     Not applicable.

Item 2.  Changes in Securities

     Not applicable.

Item 3.   Defaults Upon Senior Securities

     Not applicable.

Item 4.   Submission of Matters to a Vote of Security Holders

     Not applicable.

Item 5.   Other Information

     Not applicable.

Item 6.   Exhibits and Reports on Form 8-K

     (a)  Exhibits
     ----------

     27*     Financial Data Schedule

___________________
*  Filed herewith


     (b)  Reports on Form 8-K
          -------------------

     The Company did not file a Form 8-K during the quarter ended September 24,
1999.
<PAGE>

                                 SIGNATURE


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                   WILMAR INDUSTRIES, INC.


                                  By:  /s/ William Sanford
                                     ------------------------------------------
                                     William Sanford
                                     Senior Vice President and Chief Financial
                                     Officer
                                     (Duly authorized and Principal financial
                                     officer)



Date:   November 8, 1999.