Builders FirstSource, Inc. (NYSE: BLDR), Irving, TX, a building products distributor, reported sales for its fiscal 2023 fourth quarter ended Dec. 21, 2023, were $4.2 billion, down 4.7% from the prior year. Net income for the quarter was $350.7 million.
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For the full year 2023, sales were $17.1 billion, down 24.8%; profit was $1.5 billion.
“I’m proud of our fourth-quarter and full-year results, which demonstrated the strength of our broad product portfolio and continued execution by our resilient team members. Despite a challenging operating environment in 2023, which saw a significant reduction in single-family starts, we delivered a high-teens EBITDA margin. We accomplished this through operational rigor and by closely partnering with our customers to help address their pain points through use of our value-added solutions, solidifying our position as the easiest to do business with across the industry,” said Dave Rush, CEO of Builders FirstSource.
