Dallas-based building materials distributor Builders FirstSource, Inc. (NYSE: BLDR) reported 2021 third-quarter net sales of $5.5 billion, a 62.7% increase over the same period in 2020.
The company also reported $613.1 million in net income, a record for Builders FirstSource.
Gross profit for 2021 3Q was $1.7 billion, driven by the company’s merger with BMC Stock Holdings.
“I couldn’t be more proud of our team’s effort and hard work that have resulted in record third quarter and first nine months earnings for Builders FirstSource,” said Dave Flitman, CEO of Builders FirstSource. “We delivered above market core organic growth of 16.1%, along with record gross profit, adjusted EBITDA, adjusted EBITDA margin of 17.7% and free cash flow of $1.1 billion. Our team is executing at a very high level as we continue to outperform the market, especially given the strong demand environment coupled with unprecedented supply chain challenges that have continued to affect the homebuilding industry.”
Through the first nine months of 2021, the company’s net sales were $15.3 billion and net income was $1.3 billion.
Builders FirstSource ranks No. 1 on MDM’s Top Distributors list for building materials and construction, with $12.8 billion in 2020 revenue.
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