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Builders FirstSource Sales Improve 17 6% in 2020

Builders FirstSource Sales Improve 17.6% in 2020 Dallas-based building materials distributor Builders FirstSource, fresh off the acquisition of BMC Stock Holdings, said fourth-quarter sales climbed 43.5%. Author Building materials distributor Builders FirstSource Inc. (Nasdaq: BLDR), Dallas, reported 2020 sales of $8.6 billion, a 17.6% increase compared to 2019. Acquisitions and core organic growth contributed 2.5% and 5.6% of the increase, respectively. “Record fourth quarter results reflect an exceptional finish to a year of remarkable performance, despite the challenges in 2020,” said Chad Crow, CEO of Builders FirstSource. “Solid momentum from the continued execution of our strategic plan combined with strong residential market tailwinds positions Builders FirstSource to accelerate its success through the recently completed combination with BMC. The combined company provides a broader platform for growth including a deepened presence in the top housing marke

Builders FirstSource Reports Record Fourth Quarter and Full Year 2020 Results

DALLAS, Feb. 26, 2021 (GLOBE NEWSWIRE) Builders FirstSource, Inc. (Nasdaq: BLDR) today reported its results for the fourth quarter and full year ending December 31, 2020. Fourth Quarter 2020 Highlights: - Core organic sales increased 15.0%, excluding acquisitions and commodity impacts - Commodity inflation increased net sales 26.5% - Acquisitions contributed to net sales growth of 2.0% Gross profit of $669.2 million increased 40.4% compared to the prior year period Net income of $139.9 million, or $1.18 per diluted share, and adjusted net income of $149.0 million, or $1.26 per diluted share Adjusted EBITDA more than doubled to $257.1 million, driven by solid demand across all three customer end markets and commodity inflation Strong quarter-end balance sheet with a net debt to LTM Adjusted EBITDA ratio of 1.7x and liquidity of $1.2 billion

North America remodeling market size valuation to cross USD 1013 billion by 2026

North America remodeling market size valuation to cross USD 1013 billion by 2026 The report on ‘North America Remodeling Market’ is an in-depth documentation of the dynamics and developments in the business sphere, taking into consideration the growth catalysts, profitable prospects, as well as challenges and restraints. It entails a comparative analysis of historic data and present trends to predict the growth trajectory and overall market valuation over 2020-2026. Selbyville, Delaware, Feb. 18, 2021 (GLOBE NEWSWIRE) Industry experts claim that North America remodeling market size has been gaining substantial traction and is reckoned to accumulate USD 1013 billion by the year 2026. Swift urbanization across the globe, coupled with improved cognizance regarding benefits and presence of energy-efficient solutions leading to remodeling of traditional buildings are stimulating the market outlook.

North America remodeling market size valuation to cross USD 1013 billion by 2026

North America remodeling market size valuation to cross USD 1013 billion by 2026
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