DALLAS -- Builders FirstSource, Inc., a leading supplier and manufacturer of structural and related building products for residential new construction in the United States, reported a $3.4 million profit for the fourth quarter, on sales of $287.6 million. Sales jumped 49.3 percent, and the company earned its first profit since 2007.
Floyd Sherman, Builders FirstSource Chief Executive Officer said, "The housing industry continues to strengthen. Our sales per day in the fourth quarter exceeded that of the third quarter, which is highly unusual given the seasonality of our business. From a U.S. single-family housing starts perspective, 2012 ended with 534,600 actual starts, up 24.2% over 2011, although that is still well below the historical average of 1.1 million starts per year. On a sequential quarter basis we were able to improve our gross margin by 40 basis points in spite of commodity inflation of over 20% during the current quarter."