Sales rise nearly 32% at BFS
Revenues jumped 31.7% at Builders FirstSource, the Dallas-based pro dealer, which posted net sales of $279.1 million for the second quarter of 2012, up from sales of $206.4 million in the same quarter of 2011. Net loss for the quarter, which ended June 30, was $12 million, compared with $15.4 million in 2011.
Sales from lumber and sheet goods showed the greatest gains during the quarter at 32.4%, followed by windows and doors at 21.8%. Prefabricated components rose by 18.8% and millwork by 9.7%. Most of the growth in sales was from an increase in sales volume, according to the company.
CEO Floyd Sherman said in a prepared statement: “Our topline growth far exceeded the increase in residential construction activity, and we met our primary goal for the quarter of getting back to positive EBITDA.”
Sherman added, “The broad-based housing recovery that began in the latter half of 2011 continues, though moderately paced. At the same time, however, we are seeing meaningful improvements in our financial results as we continue to grow market share, leverage our strong competitive position, and provide first-class customer service.”
Headquartered in Dallas, Texas, Builders FirstSource is a leading supplier and manufacturer of structural and related building products for residential new construction. The company operates 53 distribution centers and 44 manufacturing facilities in 9 states, principally in the southern and eastern United States.