Builders FirstSource, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 08, 2022 at 07:01 am EST
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Builders FirstSource, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 5,761.46 million compared to USD 5,508.59 million a year ago. Net income was USD 738.01 million compared to USD 613.15 million a year ago. Basic earnings per share from continuing operations was USD 4.75 compared to USD 3 a year ago. Diluted earnings per share from continuing operations was USD 4.72 compared to USD 2.98 a year ago.
For the nine months, sales was USD 18,368.85 million compared to USD 15,259.05 million a year ago. Net income was USD 2,364.86 million compared to USD 1,282.96 million a year ago. Basic earnings per share from continuing operations was USD 14.12 compared to USD 6.23 a year ago. Diluted earnings per share from continuing operations was USD 13.98 compared to USD 6.18 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.