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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 ....

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SBI and Shapoorji Pallonji Real Estate sign MoU to offer faster home loans


SBI and Shapoorji Pallonji Real Estate sign MoU to offer faster home loans
FILE PHOTO: A man walks past a logo of State Bank of India outside a branch in New Delhi, India, February 1, 2017. REUTERS/Adnan Abidi
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State Bank of India (SBI), and Shapoorji Pallonji Real Estate, one of India’s marquee builders, today signed a Memorandum of Understanding (MoU) to enable an improved and more seamless experience for homebuyers across India.
As part of the agreement, which includes various co-promotional activities and outreach initiatives, customers of SBI and Shapoorji Pallonji Real Estate will be able to avail the benefits of faster processing of home loans and approvals along with other unique value add schemes. ....

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AUSTRALIAN WEALTH BUILDERS WITH OPENCORP: How to get and stay financially fit

In this episode of Australian Wealth Builders with OpenCorp, join Cam McLellan and Michael Beresford as they chat through financial fitness and deep-dive into the real meaning of investing.
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Michael Beresford , Robyn Tongol , மைக்கேல் பெரெஸ்போர்டு ,