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Builders FirstSource Sales Improve 17.6% in 2020


Builders FirstSource Sales Improve 17.6% in 2020
Dallas-based building materials distributor Builders FirstSource, fresh off the acquisition of BMC Stock Holdings, said fourth-quarter sales climbed 43.5%.
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Building materials distributor Builders FirstSource Inc. (Nasdaq: BLDR), Dallas, reported 2020 sales of $8.6 billion, a 17.6% increase compared to 2019. Acquisitions and core organic growth contributed 2.5% and 5.6% of the increase, respectively.
“Record fourth quarter results reflect an exceptional finish to a year of remarkable performance, despite the challenges in 2020,” said Chad Crow, CEO of Builders FirstSource. “Solid momentum from the continued execution of our strategic plan combined with strong residential market tailwinds positions Builders FirstSource to accelerate its success through the recently completed combination with BMC. The combined company provides a broader platform for growth including a deepened presence in the to ....

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12 Best Industrial Stocks to Buy Now - Insider Monkey


12 Best Industrial Stocks to Buy Now
Based on a definition by Economy Watch, the “Industrial sector or secondary sector is one of the 3 sectors that make up a country’s economy. The other two are the primary sector (includes agriculture, fishing, and mining) and the service sector (includes hospitality, consultancy, and nursing). The secondary sector is one that makes a complete product that can then be utilized. Examples of the industrial sector are manufacturing industry and construction.” (See 15 Biggest Manufacturing Companies in the World and 10 Best Construction Materials Stocks to Buy Now) Basically, the industrial sector is the backbone of the economy, it is the sector in charge of transforming unprocessed material to its end result. ....

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