Builders FirstSource Sales Up 8.2% in 1Q

Builders FirstSource reports net loss of $3.4 million in first quarter.

Builders FirstSource Inc. (NASDAQ: BLDR), Dallas, TX, reported sales for the first quarter of $345.9 million, an 8.2 percent increase year-over-year. The company reported a loss of $3.4 million, compared to a loss of $11.8 million in the first quarter of 2013.

"Harsh weather disrupted construction activity during the first quarter, which directly impacted our business," said Floyd Sherman, CEO. "However, we believe the underlying demand for new housing remains strong, and with the weather problems from earlier this year behind us, the pace of construction should accelerate over the coming months."

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