Content about Builders FirstSource

Dallas-based Builders FirstSource saw sales surge in the first quarter -- up 45.7% to $319.7 million.

"We were able to achieve top-line growth of greater than 30% for a sixth consecutive quarter," said CEO Floyd Sherman. "Our sales increase once again exceeded the increase in residential construction activity, as actual single-family housing starts in the South Region increased 27.4% and single-family units under construction increased 23.2%."

Dallas-based Builders FirstSource unveiled its new company web site, at www.bldr.com.

Among the improvements are an “improved end-user experience,” along with location-specific information on products and services. 

“The new website will provide an enhanced user experience and will give our customers much better information about our locations and the products and services we offer,” said Morris Tolly, Builders FirstSource senior VP of operations. 

Builders FirstSource, the Dallas-based pro dealer, reported net sales of $291.8 million for its third fiscal quarter, an increase of 34.3% when compared with the third quarter of 2011. The company estimated that sales increased approximately 27% due to increased volume and 7% due to price.

Losses from continuing operations were $12.3 million for the quarter, which ended Sept. 30. This compares with a loss of $11.5 million in the third quarter of 2011.

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Builders FirstSource, the Dallas-based pro dealer, posted net sales of $219.4 million for its first fiscal quarter of 2012, a 34.7% hike over sales of $162.8 million in the same quarter of 2011. The increase was primarily due to increased sales volume as commodity prices for lumber and lumber sheet goods in the quarter were, on average, comparable to the same period a year ago, the company said.

Dallas-based pro dealer Builders FirstSource reported sales of $219.4 million for the first quarter of 2012, an increase of 34.7% compared with the same quarter of 2011. The increase was primarily due to increased sales volume as commodity prices for lumber and lumber sheet goods were, on average, comparable over these same periods, according to the company.

Net loss for the first quarter, which ended March 31, 2012, was $19.2 million, compared with a net loss of $21.2 million in the corresponding quarter a year ago.

Brad Leist, the VP, controller and principal accounting officer at Builders FirstSource, has resigned his position to pursue other opportunities, according to a Feb. 28 filing with the Securities and Exchange Commission (SEC). Until the company fills that position, Chad Crow, senior VP and CFO at Builders FirstSource, will serve as the acting principal accounting officer.

Dallas-based pro dealer Builders FirstSource reported sales of $192.7 million for its fourth fiscal quarter, an increase of 31.0% from sales of $147.1 million in the fourth quarter a year ago. The company estimated that sales increased approximately 29% due to increased sales volume and 2% due to price. 

Net loss for the quarter, which ended Dec. 31, 2011, was $16.7 million, compared with $24.6 million in the corresponding period a year ago.

Builders FirstSource, the Dallas-based LBM chain, has announced the opening of a new location in Riviera Beach, Fla. The 45,000-sq.-ft. facility, located off the I-95 corridor in Southern Florida, will replace the company’s West Palm Beach location.

Builders FirstSource, the Dallas-based pro dealer, posted its best operating performance since the third quarter of 2007.

The company's third quarter had sales of $217.2 million, up 20.4% from the same quarter last year. The company's net loss narrowed to $11.6 million, down from $20.5 million in the third quarter of 2010. 

Standard & Poor’s has downgraded Builders FirstSource, following the Dallas pro dealer’s announcement that it has abandoned plans to refinance its existing debt and extend its revolving credit facility due in 2012.

The New York ratings agency lowered the company’s corporate credit rating from a “CCC+” to a “CCC” and gave it a negative outlook. S&P cited “ongoing weakness in new residential housing markets” and possible liquidity problems over the next several quarters.

In connection with a recent offering of senior secured notes, Builders FirstSource filed financial results for the fist two months of 2011 with the Securities and Exchange Commission (SEC) on April 5.

Sales for January and February 2011 were $95.7 million, a 4.2% increase over sales of $91.8 million for the two months ended Feb. 28, 2010. Lumber commodity prices were comparable over these same periods, and single-family housing starts declined 19.8% in its markets during January and February.