Builders FirstSource reported Q4 2019 results, with net sales of $1.8 billion, a 2.9% decrease. Sales volume grew by 7.7%, while commodity deflation decreased net sales by 10.6%. Adjusted EBITDA was $109.3 million, and net income was $41.4 million, or $0.35 per diluted share. The company acquired Raney Components to enhance value-added product offerings.
Net sales decreased by 2.9% to $1.8 billion due to commodity deflation, but sales volume grew by 7.7%.
Adjusted EBITDA was $109.3 million, representing 6.2% of net sales.
Net income reached $41.4 million, or $0.35 per diluted share, while adjusted net income was $47.2 million, or $0.40 per diluted share.
The company acquired Raney Components, expanding its value-added product capabilities.
Builders FirstSource is well-positioned for future growth, citing enhanced geographic reach, diversified product offerings, national manufacturing capabilities, and strong customer partnerships.
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