Earnings release
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EX - 99.1 2 d149951dex991.htm EX - 99.1 For Immediate Release Builders FirstSource Builders FirstSource Reports Record Third Quarter 2021 Results Record Net Income , Adjusted EBITDA Margin and Free Cash Flow Core Organic Sales Growth of 16 % Increases Full Year 2021 Adjusted EBITDA Outlook ● Net sales of $ 5.5 billion increased 62.7 % Gross profit of $ 1.7 billion increased 102.9 % Adjusted EBITDA increased 244.4 % to $ 975.9 million Adjusted EBITDA margin increased 930 basis points to 17.7 % Free Cash Flow of $ 1.1 Billion Repurchased Over 5 % of Outstanding Common Shares November 4 , 2021 ( Dallas , TX ) – Builders FirstSource , Inc. ( NYSE : BLDR ) today reported its results for the third quarter and nine months ended September 30 , 2021 . Third Quarter 2021 BFS Highlights ( includes BMC in Q3 2021 and not in Q3 2020 ) All Year - Over - Year Comparisons Unless Otherwise Noted : Exhibit 99.1 Net sales of $ 5.5 billion for the quarter increased 140.0 % driven by the merger with BMC , commodity inflation , and strong organic growth Gross profit of $ 1.7 billion increased 200.1 % driven by the merger with BMC , commodity inflation , and double - digit organic growth Net income of $ 613.1 million , or $ 2.98 per diluted share , and adjusted net income of $ 696.7 million , or $ 3.39 per diluted share Year to Date September 2021 BFS Highlights ( includes BMC in Year to Date September , 2021 and not Year to Date September , 2020 ) All Year - Over - Year Comparisons Unless Otherwise Noted : Net sales of $ 15.3 billion for the period increased 153.1 % driven by the merger with BMC , commodity inflation , and strong organic growth Gross profit of $ 4.4 billion increased 181.0 % driven by the merger with BMC , commodity inflation , and strong organic growth Net income of $ 1.3 billion , or $ 6.18 per diluted share , and adjusted net income of $ 1.6 billion , or $ 7.55 per diluted share 1