Builders FirstSource (BLDR) Tops Q2 EPS by 35c
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Builders FirstSource Reports Second Quarter 2020 Results
July 30, 2020 4:15 PM EDTDALLAS, July 30, 2020 (GLOBE NEWSWIRE) -- Builders FirstSource, Inc. (Nasdaq:Â BLDR) today reported its results for the second quarter ending June 30, 2020.
Second Quarter 2020 Highlights:
Net sales for the quarter increased by 2.2% compared to the prior year period- Core organic sales declined 2.1%, excluding acquisitions and commodity impacts- Acquisitions contributed net sales growth of 2.5%- Estimated sales volume, which includes core organic and acquisitions, grew by 0.4%- Commodity inflation increased sales by 1.8%Adjusted EBITDA increased 11.2% to a record $162 million, or 8.3% of net sales driven by disciplined cost managementNet income of $78.9 million, or $0.67 per... More