September 01, 2014 3:26 PM ET

Building Products

Company Overview of Builders FirstSource, Inc.

Company Overview

Builders FirstSource, Inc. manufactures and supplies structural and related building products for residential new construction primarily in the southern and eastern United States. The company offers prefabricated components, including floor trusses, roof trusses, wall panels, stairs, and engineered wood; and window and door products, such as aluminum and vinyl windows, and pre-hung interior and exterior doors, as well as assembles and distributes interior and exterior door units. It also provides lumber and lumber sheet products comprising dimensional lumber, plywood, and oriented strand board products; millwork products, such as interior trim, exterior trim, columns, and posts under the Syn...

2001 Bryan Street

Suite 1600

Dallas, TX 75201

United States

Founded in 1998

3,330 Employees

Phone:

214-880-3500

Key Executives for Builders FirstSource, Inc.

Chief Executive Officer
Age: 74
Total Annual Compensation: $618.3K
Co-Founder
Age: 59
Total Annual Compensation: $401.0K
Chief Financial Officer
Age: 46
Total Annual Compensation: $418.3K
Senior Vice President of Operations
Age: 71
Total Annual Compensation: $461.0K
Compensation as of Fiscal Year 2013.

Builders FirstSource, Inc. Key Developments

Builders FirstSource, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Builders FirstSource, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported sales of $426.543 million compared to $398.148 million for the same period a year ago. The increase in sales was due to a 12.9% increase in volume, reduced by lower market prices for commodity lumber products which were, on average, 8.8% lower compared to the same period last year. Income from operations was $17.354 million compared to $13.169 million for the same period a year ago. Income from continuing operations before income taxes was $10.850 million compared to loss of $47.889 million for the same period a year ago. Income from continuing operations was of $10.620 million or $0.09 per diluted share compared to loss of $48.289 million or $0.50 per diluted share for the same period a year ago. Net income was $10.609 million or $0.09 per diluted share compared to net loss of $48.206 million or $0.50 per diluted share for the same period a year ago. Adjusted EBITDA was $20.358 million compared to $16.737 million for the same period a year ago. Adjusted income from continuing operations was $5.387 million or $0.05 per diluted share compared to $0.482 million or $0.01 per diluted share for the same period a year ago. Capital expenditures were $6.8 million for the second quarter of 2014, compared to $3.6 million for the same quarter of 2013. Operating cash flow was negative $13.1 million for the second quarter of 2014, compared to negative $60.7 million for the same period last year. The difference was primarily due to second quarter 2013 refinancing. For the six months, the company reported sales of $772.452 million compared to $717.850 million for the same period a year ago. Income from operations was $22.788 million compared to $14.379 million for the same period a year ago. Income from continuing operations before income taxes was $7.456 million compared to loss of $59.179 million for the same period a year ago. Income from continuing operations was of $7.308 million or $0.07 per diluted share compared to loss of $59.894 million or $0.62 per diluted share for the same period a year ago. Net income was $7.225 million or $0.07 per diluted share compared to net loss of $60.014 million or $0.62 per diluted share for the same period a year ago. Net cash provided by operating activities was $0.692 million compared to net cash used in operating activities of $85.868 million for the same period a year ago. Purchases of property, plant and equipment was of $12.121 million compared to $4.595 million for the same period a year ago.

Builders FirstSource, Inc. to Report Q2, 2014 Results on Jul 24, 2014

Builders FirstSource, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 24, 2014

Builders FirstSource, Inc., Q2 2014 Earnings Call, Jul 25, 2014

Builders FirstSource, Inc., Q2 2014 Earnings Call, Jul 25, 2014

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