The 2020 Mid-Year Economic Update_long

Builders FirstSource Sales Up 7.2% in 1Q

Company reports a loss of $7.1 million in the first quarter.

Builders FirstSource Inc. (NASDAQ: BLDR), Dallas, TX, reported sales for the first quarter of $371 million, a 7.2 percent increase year-over-year. The company reported a loss of $7.1 million, compared to a loss of $3.4 million in the first quarter of 2014.

"I am extremely pleased with our start to fiscal 2015, as our first quarter sales of $371 million and our Adjusted EBITDA of over $11 million exceeded our first quarter 2014 results," said CEO Floyd Sherman. "We were able to achieve these positive results despite the negative impact of commodity deflation on our current quarter sales, as average market prices for framing lumber have fallen 11.8 percent since the beginning of the year, and are down 13.6 percent when compared to the first quarter of 2014."

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