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Sep 30, 2020
Builders FirstSource Q3 2020 Earnings Report
Reported record sales and profit driven by focused execution and accelerating housing demand.
Key Takeaways
Builders FirstSource reported a strong third quarter in 2020, marked by record sales and adjusted EBITDA. Net sales increased by 15.9% year-over-year, driven by core organic sales growth, commodity inflation, and contributions from acquisitions. The company's enhanced focus on cost controls led to a gross margin of 24.9% and effectively flat adjusted EBITDA margin.
Net sales for the quarter increased by 15.9% compared to the prior year period
Adjusted EBITDA increased 15% to $184 million, or 8.0% of net sales, driven by solid demand across all three customer end markets and disciplined pricing in a dynamic market
Net income of $85.9 million, or $0.73 per diluted share, and adjusted net income of $96.7 million, or $0.82 per diluted share
Announced transformational merger with BMC Stock Holdings in an all-stock transaction to create the nation’s premier supplier of building materials and services
Revenue by Segment
Forward Guidance
The company is confident in its business outlook, supported by robust housing dynamics across its national footprint. Market conditions are expected to provide positive tailwinds through the end of the year and beyond.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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