Content about Floyd Sherman

November 6, 2014

Builders FirstSource has promoted Chad Crow, previously its SVP and CFO, to the title of president and COO.

October 23, 2014

Fresh with acquisitions in Orlando, Houston, Dallas and Austin, and motivated by a positive long-term housing industry outlook, Dallas-based Builders FirstSource reported strong sales gains in its third fiscal quarter.

 And even without counting acquisitions, sales showed a healthy gains.

July 25, 2014

Builders FirstSource achieved its highest sales level since 2006 as it swung to a profit in the second quarter ended June 30.

The Dallas-based pro dealer reported sales of $426.5 million, up 7.1% from the same quarter last year. Net income was $10.6 million, compared to a net loss of $48 million in the first quarter last year.

July 1, 2014

Dallas, Texas-based Builders FirstSource completed its acquisition of Houston-based Slone Lumber Company.

July 29, 2013

Builders FirstSource CEO Floyd Sherman describes the three months ended June 30 as "another quarter of improving financial performance" for the Dallas-based pro dealer. However, hefty refinancing costs pushed the company to a net loss of $48.2 million in the quarter, compared with a net loss of $12.1 million in last year's second quarter.

The company reported operating income of $13.2 million, compared with an operating loss of $1.4 million in the second quarter last year.

July 20, 2012

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.

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.

March 2, 2012

Builders FirstSource turned in positive fourth-quarter results, including a 31% jump in revenues to $192.7 million. But it was CEO Floyd Sherman’s statement about “[taking] advantage of opportunistic inventory buys” toward the end of the year that caught the attention of many people in the LBM industry. Even the analysts on the Dallas-based company’s Feb. 17 conference call wanted to know more. Was it a temporary thing or a new strategy, one asked?

July 22, 2011

Builders FirstSource, one of the industry’s largest pro dealers, reported $206.4 million in sales for the second quarter of 2011, a decrease of 2.4% over sales of $211.5 million in the second quarter a year ago. The company attributed the decline to commodity price deflation, which was partially offset by a slight increase in sales volume, the company said.

Net loss for the Dallas-based LBM chain was $15.5 million, compared with a net loss of $19 million in the corresponding period of 2010.

April 25, 2011

Builders FirstSource, the Dallas-based chain of lumberyards and component plants, reported sales of $162.8 million for its first fiscal quarter, a 1% increase from sales of $161.4 million in the same period a year ago. Net income for the quarter, which ended March 31, 2011, was $21.2 million, compared to a net loss of $31.4 million a year ago.

Builders FirstSource, the Dallas-based chain of lumberyards and component plants, reported sales of $162.8 million for its first fiscal quarter, a 1% increase from sales of $161.4 million in the same period a year ago. Net income for the quarter, which ended March 31, 2011, was $21.2 million, compared to a net loss of $31.4 million a year ago. 

November 2, 2008

Citing a lack of “long-term potential” in the state’s housing market, Builders FirstSource announced its...

August 24, 2008

Two of the industry’s largest pro dealers reported losses for their second fiscal quarters, and...

March 16, 2008

The fourth quarter was especially brutal on pro dealers in the southeastern region of the...

August 26, 2007

When Home Channel News took a look at the nation’s biggest pro dealers last year,...

August 26, 2007

When the Chinese Year of the Dog came to an end on Feb. 17, 2007,...

August 23, 2007

Companies on the HCN Top 350 Scoreboard racked up pro sales of $55.98 billion in...