Builders FirstSource's net sales of $5.6 billion for the 2Q 2021 increased 186.6% driven by the merger with BMC, commodity inflation, and strong organic growth.
2Q 2021 gross profit of $1.6 billion increased 206%. 2Q 2021 adjusted EBITDA increased to $835.8 million, driven by solid demand across our key customer end-markets, commodity inflation and cost leverage.
2Q 2021 net income was $497.2 million, or $2.39 per diluted share, and adjusted net income was $574 million, or $2.76 per diluted share.
Dave Flitman, CEO of Builders FirstSource, commented, “In the 2Q, we delivered core organic sales growth of 35% along with record gross profit, Adjusted EBITDA and margin. Our strong results accelerated in the 2Q as we continued to expand our value-added offerings while maintaining our focus on operational excellence and providing outstanding customer service.” Flitman continued, “Demand in single-family housing remains exceptionally strong and we continue to capitalize on this positive trend while ensuring we meet the needs of our customers. The BMC integration continues to progress exceptionally well, and our realization of cost synergies is ahead of schedule. Looking forward, we remain focused on executing our strategy of investing both organically and through M&A to shift our portfolio toward high-value and faster-growth categories while simultaneously improving efficiencies in the value chain through enhanced digital capabilities.”
Headquartered in Dallas, Texas, Builders FirstSource is the largest U.S. supplier of building products, prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling.
