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Builders FirstSource Sales Down 4.5% in Third Quarter

Distributor expects conditions to continue to be difficult in 2011.

Builders FirstSource, Inc., Dallas, TX, (NasdaqGS: BLDR), a supplier and manufacturer of structural and related building products for residential new construction in the U.S., reported its results for the third quarter ended Sept. 30, 2010. Sales for the third quarter were $180.4 million, down 4.5 percent from the prior-year period.

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In the quarter, the distributor temporarily idled four manufacturing facilities and two distribution centers. Builders FirstSource had a net loss of $20.5 million for the quarter.

The company expects current market conditions to continue into 2011. But its CEO said it hopes that 2011 will "signal the beginning of a sustained recovery."

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