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DALLAS, Feb. 26, 2021 (GLOBE NEWSWIRE)
Builders FirstSource, Inc. (Nasdaq: BLDR) today reported its results for the fourth quarter and full year ending December 31, 2020.
Fourth Quarter 2020 Highlights:
- Core organic sales increased 15.0%, excluding acquisitions and commodity impacts
- Commodity inflation increased net sales 26.5%
- Acquisitions contributed to net sales growth of 2.0%
Gross profit of $669.2 million increased 40.4% compared to the prior year period
Net income of $139.9 million, or $1.18 per diluted share, and adjusted net income of $149.0 million, or $1.26 per diluted share
Adjusted EBITDA more than doubled to $257.1 million, driven by solid demand across all three customer end markets and commodity inflation
Strong quarter-end balance sheet with a net debt to LTM Adjusted EBITDA ratio of 1.7x and liquidity of $1.2 billion ....

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