BFS Net Sales Up 83.1% in Q4, Up 132.4% in 2021

Industry News,

Originally Published by: HBS Dealer — March 1, 2022
SBCA appreciates your input; please email us if you have any comments or corrections to this article.

Builders FirstSource reported that net sales for the fourth quarter of 2021 increased 83.1% to $4.63 billion from sales of $3.74 billion in the fourth quarter of 2020.

The Dallas, Texas-based pro dealer and residential construction solutions provider said sales growth was driven by its merger with BMC, BMC, double-digit organic growth, and commodity inflation. Builders FirstSource and BMC finalized their merger at the start of January 2021.

BFS loaded trailer

Core organic sales, excluding acquisitions and commodity inflation, climbed 11.7% during the period. Excluding the BMC Merger, acquisitions contributed 6.7% sales growth. Commodity inflation increased sales by 5.3%.

For the full year, sales jumped 132.4% to nearly $20 billion. Commodity price inflation contributed 30.2% to net sales, while core organic sales increased by 20.6%. 

Acquisitions completed during 2021, excluding the BMC merger, contributed net sales growth of 5.4%, while the numbers of selling days reduced net sales growth by 0.4%, Builders FirstSource reported.

Net income for the fourth quarter soared more than 216% to $442.5 million. The company’s net income increased to $1.7 billion for the year, from a net income of $484.8 million in 2020.

Builders FirstSource operates 565 locations in 42 states, including 47 of the top 50 markets.