Builders FirstSource Sales Up 38 Percent in Q3
October 25, 2013
Builders FirstSource Inc. reported increased third quarter sales and income. Specifically:
- third quarter 2013 sales increased 38.1 percent to $402.9 million compared to third quarter 2012 sales of $291.8 million
- gross margin percentage improved to 23.0 percent, up from 19.8 percent in the third quarter of 2012
- Operating income was $20.3 million, up nearly $22.0 million when compared to an operating loss of $1.6 million for the third quarter of 2012
- Net income was $12.8 million, a $26.4 million improvement over a net loss of $13.6 million for the third quarter of 2012.
"Our trend of improving financial results continued as our top line growth and gross margin increase helped us achieve positive net income and positive cash flow in the current quarter," says Floyd Sherman, CEO. "This marks the eighth consecutive quarter of year-over-year sales growth above 30 percent, and shows our sales growth is still outpacing the increase in residential construction activity."