Builders FirstSource, Inc.
) reported its financial results for the fourth quarter and year
2012 on Feb 21, 2013. The company reported adjusted loss per
share of 8 cents in the quarter compared with a loss of 9 cents
reported in the year-ago quarter and the Zacks Consensus Estimate
of a loss per share of 7 cents.
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For 2012, adjusted net loss reported was 31 cents per share, an
improvement over a loss of 38 cents reported in 2011 and the
Zacks Consensus Estimate of a loss of 32 cents.
Total revenue in the fourth quarter jumped 49.3% year over year
to $287.6 million while that for year 2012 increased 37.4% to
Revenue across various product categories increased in the
quarter with Prefabricated components registering revenue
increase of 48.7% and Windows & doors revenue increasing by
32.0%. Lumber and lumber sheet goods revenue increased 77.8%,
revenue from Millwork jumped 40.5% and that from Other building
products & services increased 34.2%.
Gross profits in the fourth quarter climbed 47.8% year over year
and came in at $58.1 million while gross margin settled at 20.2%.
As a percentage of revenue, selling, general and administrative
expenses represented 20.1%, down 430 basis points over the
Exiting the fourth quarter 2012, the company's cash and cash
equivalents (including restricted cash) stood at $143.5 million,
down from $160.1 million in the year-ago quarter. Long-term debt
balance was at $360.9 million, up 21.3% year over year.
For the full year 2012, cash used in operating activities was
$66.9 million, roughly flat compared with 2011 while capital
spending increased from $4.8 million in 2011 to $10.4 million.
Builders FirstSource, Inc, with a market capitalization of $566
million, primarily engages in the supply and manufacture of
structural and related building products for new residential
constructions in the United States.
The stock currently carries a Zacks Rank #2 (Buy). Other stocks
to watch out for in the industry are
Lumber Liquidators Holdings, Inc.
Travis Perkins plc
), both holding a Zacks Rank #1 (Strong Buy) and
Beacon Roofing Supply, Inc.
), with a Zacks Rank #2 (Buy).