Builders FirstSource Reports Second Quarter 2018 Results
Builders FirstSource, Inc. (BLDR)
Last builders firstsource, inc. earnings: 4/30 04:15 pm
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Source: GlobeNewswire
DALLAS, Aug. 07, 2018 (GLOBE NEWSWIRE) -- Builders FirstSource, Inc. (Nasdaq: BLDR) today reported its results for the second quarter ended June 30, 2018. Commenting on the results, CEO Chad Crow remarked, “Our team delivered another quarter of solid revenue and profit growth. We increased sales by 13.4 percent to $2.1 billion, including double-digit growth in our higher margin value added products, and improved Adjusted EBITDA by over 12 percent to $139 million. We continue to execute on our strategic plan and investments in margin accretive value added products as well as customer service and efficiency enhancing initiatives which are targeted to generate strong, sustained earnings and cash flow growth.” Peter Jackson, CFO, added, “I am pleased to report that we have once again demonstrated our ability to deliver strong Adjusted EBITDA growth in a volatile commodities market. Our team was able to react quickly to offset the impact of commodity fluctuations on our gros
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