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 top housing markets across the nation.”
For the fourth quarter, Builders FirstSource reported sales of $2.5 billion, a 43.5% increase from the same quarter a year ago. Core organic sales increased 15%, excluding acquisitions and commodity impacts. Profit of $149 million tripled the company’s profit of $45.8 million in 4Q 2019.
Last year the company announced its $2.5 billion acquisition of BMC Stock Holdings Inc., Raleigh, North Carolina, though fourth quarter and full-year results do not include the financial results of BMC.