Builders FirstSource Sales Rise

Builders FirstSource, Inc. had net sales of $1.95 billion for the second quarter of 2020, an increase of 2.2 per cent over net sales of $1.9 billion in the second quarter of 2019. Acquisitions contributed net sales growth of 2.5 per cent attributable to the five acquisitions completed during the prior four quarters. Sales of manufactured products decreased 2.4 per cent year-over-year; sales of windows, doors, and millwork increased 3.3 per cent; sales of gypsum, roofing, and insulation decreased 9.1 per cent; sales of siding, metal, and concrete products increased 4.9 per cent; and sales of lumber and lumber sheet goods increased 3.4 per cent. Overall gross margin was flat compared to last year and the gross margin percentage decreased to 26.6 per cent from 27.2 per cent. Adjusted net income was up 6.9 per cent over the year-ago period to $5.1 million and adjusted EBITDA was up 11.2 per cent to $161.9 million.