Builders FirstSource (BLDR) Tops Q4 EPS by 36c, Revenues Miss; Offers FY21 Revenue Mid-Point Outlook Above Consensus
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Builders FirstSource Reports Record Fourth Quarter and Full Year 2020 Results
February 26, 2021 7:00 AM ESTDALLAS, 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:
Net sales of $2.5 billion for the quarter increased 43.5% compared to the prior year period- 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 periodNet income of $139.9 million, or $1.18 per diluted share, and adjusted net income... More