Builders FirstSource Reports Third Quarter 2018 Results
Builders FirstSource, Inc. (BLDR)
Last builders firstsource, inc. earnings: 4/30 04:15 pm
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Source: GlobeNewswire
Disciplined execution delivers strong margin, profitable growth and increased cash flow DALLAS, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Builders FirstSource, Inc. (Nasdaq: BLDR) today reported its results for the third quarter ending September 30, 2018. Commenting on the results, CEO Chad Crow remarked, “In the third quarter, we delivered sales growth of 12.7 percent to $2.1 billion, with our higher margin value added products again growing by double digits. I am pleased to report that Adjusted EBITDA increased by 27 percent to $155 million, a strong performance in a volatile commodity environment. We continued to invest in our manufacturing capacity and efficiency enhancing initiatives to further strengthen and differentiate our platform and the value-added solutions we provide our customers.” Peter Jackson, CFO, added, “The growth in Adjusted EBITDA dollars, and the improvement in EBITDA margin, reflected our ability to successfully manage the volatility in commodity costs during t
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