BMC Stock Holdings, Inc. Announces Record Results for its 2018 Fourth Quarter and Full Year
BMC STOCK HOLDINGS INC (BMCH)
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Source: GlobeNewswire
RALEIGH, N.C., Feb. 28, 2019 (GLOBE NEWSWIRE) -- BMC Stock Holdings, Inc. (Nasdaq: BMCH) (“BMC” or the “Company”), one of the leading providers of diversified building products, services and innovative solutions in the U.S. residential construction market, today announced record results for the fourth quarter and full year ended December 31, 2018. A reconciliation of non-GAAP financial measures to comparable GAAP financial measures is provided in the “Reconciliation of GAAP to Non-GAAP Measures” section of this press release. Fourth Quarter 2018 Highlights, Compared to the Prior Year Period Net sales of $859.5 million, an increase of 2.2% Gross profit as a percent of sales (“gross margin”) of 26.7%, an increase of 340 basis points Net income of $28.1 million, an increase of $10.5 million, or 59.4% Adjusted EBITDA (non-GAAP) of $65.5 million, an increase of $17.9 million, or 37.7% Adjusted EBITDA margin (non-GAAP) of 7.6%, an increase of 190 basis points Diluted earnings per s
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