Builders FirstSource, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 01, 2022 at 07:01 am EDT
Share
Builders FirstSource, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 6,926.26 million compared to USD 5,576.68 million a year ago. Net income was USD 987.21 million compared to USD 497.24 million a year ago. Basic earnings per share from continuing operations was USD 5.79 compared to USD 2.4 a year ago. Diluted earnings per share from continuing operations was USD 5.75 compared to USD 2.39 a year ago.
For the six months, sales was USD 12,607.39 million compared to USD 9,750.46 million a year ago. Net income was USD 1,626.85 million compared to USD 669.82 million a year ago. Basic earnings per share from continuing operations was USD 9.36 compared to USD 3.24 a year ago. Diluted earnings per share from continuing operations was USD 9.27 compared to USD 3.21 a year ago.
Builders FirstSource, Inc. specializes in the manufacture and marketing of building materials and products primarily for the home building sector. Net sales break down by family of products as follows:
- lumber and wood panels (35.6%): wood planks, lumber, wood panelling, bracing, plywood, OSB, etc.;
- manufactured products (25%): wood roof and floor framing, steel roof framing, wall panels, wood flooring, etc.;
- prefabricated windows, doors and joinery products (21.1%);
- specialized building materials and components (18.3%): vinyl, composite and wood siding, exterior trim products, metal studs, cement, insulation products, ceilings, cabinets, etc. In addition, the group offers structural construction, shell construction, design and professional installation services.
At the end of 2022, the group has 569 production sites in the United States.
The United States accounts for all net sales.
BUILDERS FIRSTSOURCE, INC. 
