Builders FirstSource Reports Record Fourth Quarter and Full Year 2020 Results
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Builders FirstSource (BLDR) Tops Q4 EPS by 36c, Revenues Miss; Offers FY21 Revenue Mid-Point Outlook Above Consensus
February 26, 2021 7:08 AM ESTBuilders FirstSource (NASDAQ: BLDR) reported Q4 EPS of $1.26, $0.36 better than the analyst estimate of $0.90. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.57 billion.
Fourth Quarter 2020 Highlights:
Net sales of $2.5 billion for the quarter increased 43.5% compared to the prior year periodCore organic sales increased 15.0%, excluding acquisitions and commodity impactsCommodity 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 periodNet income of $139.9 million, or $1.18 per diluted share, and adjusted net... More