Builders FirstSource, Inc. (NYSE:BLDR), Dallas, TX, supplier of building products for new residential construction and repair and remodeling, reported sales for its fiscal 2022 second quarter ended June 30, 2022, were $6.9 billion up 24.2% from the prior year-period.
Net profit for the quarter was $987.2 million, up 98.5%.
“During the second quarter, we remained focused on executing our strategy, accelerating value-added product sales and expanding customer solutions, resulting in another quarter of record revenue and EBITDA performance despite the dynamic environment and challenging year-over-year comparisons,” said Dave Flitman, President and CEO. “I remain optimistic on the prospects for our industry over the long term and confident in our ability to outperform the market as we execute our strategy and further invest in margin-accretive, value-added products and transformative digital solutions.”
Ian Heller is the Founder and Chief Strategist for Distribution Strategy Group. He has more than 30 years of experience executing marketing and e-business strategy in the wholesale distribution industry, starting as a truck unloader at a Grainger branch while in college. He’s since held executive roles at GE Capital, Corporate Express, Newark Electronics and HD Supply. Ian has written and spoken extensively on the impact of digital disruption on distributors, and would love to start that conversation with you, your team or group. Reach out today at email@example.com.