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Builders FirstSource Sales Up 31% in 4Q

Builders FirstSource, Inc. (Nasdaq: BLDR), Dallas, TX, reported sales for the fourth quarter were $192.7 million, up 31 percent over the same period a year ago. The company recorded a net loss of $16.7 million for the period, compared with a loss of $24.6 million in fourth quarter 2010.

For the full year 2011, sales were $779.1 million, up 11.3 percent in a year-over-year comparison. Full-year net loss was $65 million, compared with a year-ago net loss of $95.5 million.

"Our financial results improved in spite of an 8.6 percent decline in U.S. single-family starts, a 14.1 percent decline in U.S. single-family units under construction, and commodity deflation of approximately 6 percent for the year," CEO Floyd Sherman said.

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