Customer Demand Impacts BuildDirect Revenue

BuildDirect.com Technologies Inc. had revenue of $23.4 million for the second quarter of 2021, an increase of 79 per cent compared to revenue of $13.1 million in the second quarter of 2020. The increase was driven by the company’s acquisition of FloorSource and an increase in customer demand for building supplies. Gross profit increased 70 per cent to $8.8 million compared to $5.2 million in the year-ago period, while gross margin decreased by five per cent to 37.4 per cent.