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Builders FirstSource Sales Fall 32.4% in 2008

Dallas, TX-based Builders FirstSource, Inc., supplier and manufacturer of structural and related building products for residential new construction, reported sales for fiscal 2008 were $1.03 billion, a decline of 32.4%. Net loss was $139.5 million, compared with a loss of $23.8 million in the prior year.

For the fourth quarter ended Dec. 31, 2008, sales were $201.3 million, a year-over-year decline of 30.6%. Sales volume dropped 27.9%. Net loss for the quarter was $58.9 million, compared with a net loss of $20.4 million in prior-year period.

Builders FirstSource expects difficult housing conditions to continue through the end of 2009.

Builders FirstSource operates in 11 states, principally in the southern and eastern U.S., and has 58 distribution centers and 57 manufacturing facilities.

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