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Stock impact report

Builders FirstSource Reports Fourth Quarter and Full Year 2018 Results

Builders FirstSource, Inc. (BLDR) 
Last builders firstsource, inc. earnings: 4/30 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.bldr.com
Company Research Source: GlobeNewswire
DALLAS, Feb. 28, 2019 (GLOBE NEWSWIRE) -- Builders FirstSource, Inc. (Nasdaq:  BLDR) today reported its results for the fourth quarter ending December 31, 2018. Commenting on the results, CEO Chad Crow remarked, “We generated strong financial results in 2018, delivering record sales, Adjusted EBITDA and net income despite a volatile market. We continued to show double-digit growth in value-added products, partnering with our customers in joint efforts to reduce construction costs and help mitigate labor shortages. Our team also made significant progress on our operational excellence initiatives, driving towards a more agile and efficient operating platform. I am particularly proud of our free cash flow generation as we achieved net financial debt to Adjusted EBITDA of 3.1x, fulfilling the last strategic milestone of the 2015 ProBuild acquisition.” Peter Jackson, CFO, added, “We finished the year with a strong fourth quarter, in which we grew our single family customer segment Show less Read more
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