Builders FirstSource Reports Fourth Quarter and Fiscal Year 2012 ResultsFebruary 22nd, 2013 by DWM Magazine
Builders FirstSource Inc., supplier and manufacturer of residential building products reported that its fourth quarter 2012 sales increased 49.3 percent to $287.6 million. The company reported its results for the fourth quarter and fiscal year ended December 31, 2012.
Other highlights include the fact that the company amended its term loan, allowing it to enhance liquidity by $93 million. Loss from continuing operations was $11.0 million, or $0.12 loss per diluted share, compared to $16.6 million, or $0.18 loss per diluted share, in the same quarter last year.
Net loss for the fourth quarter of 2012 was $12.0 million, or $0.13 loss per diluted share, compared to $16.7 million, or $0.18 loss per diluted share, in the fourth quarter of 2011.
Capital expenditures were $1.2 million for the current quarter, compared to $2.1 million for the fourth quarter of 2011.
“We are very pleased with our fiscal 2012 financial results, as we ended the year with close to $1.1 billion in sales, up 37.4 percent over fiscal 2011, and reported full year Adjusted EBITDA of $6.4 million, a $21.5 million improvement over last year,” says Floyd Sherman, CEO Builders FirstSource.
“The housing industry continues to strengthen,” he adds. “Our sales per day in the fourth quarter exceeded that of the third quarter, which is highly unusual given the seasonality of our business.”