Dallas-based Builders FirstSource Inc. (Nasdaq: BLDR) posted net sales of $4.17 billion for the first quarter compared to year-ago net sales of $1.79 billion for a 133.6% increase.
In Thursday’s earnings, Builders FirstSource said the marked increase was driven by its merger with BMC Stock Holdings, commodity inflation and strong organic growth. Last year the company announced its $2.5 billion acquisition of BMC Stock Holdings Inc., which closed in January.
The company’s revenue for the first quarter rose 31.3% to $8.38 billion from $6.38 billion in the same quarter a year ago.
“The positive momentum in our business continued with record first quarter results,” said Dave Flitman, CEO of Builders FirstSource. “We are working closely with our customers to reduce cycle times amid material availability constraints and capitalize on strong underlying demand in the single family residential housing market.”
Flitman took over as CEO in early April after the previous CEO, Chad Crow, retired.
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