Revenues, income drop for Builders FirstSource

Builders FirstSource reported sales of $180.4 million for its third fiscal quarter, a decrease of 4.5% compared with sales of $188.9 million in the same period last year.

The company estimated that sales increased 5.6% due to commodity inflation, but decreased approximately 10% due to volume and competitive pricing pressure.

Net loss for the Dallas-based pro dealer was $20.5 million, compared with a net loss of $15.2 million a year ago.

During the current quarter, which ended Sept. 30, the company temporarily idled four manufacturing facilities, two in Maryland and two in Florida, and two distribution centers in South Carolina in order to reduce operating expenses and excess capacity. Most of the customer demand from these idled facilities will be served by other locations.

In a prepared statement, company CEO Floyd Sherman said: “Though the volatility in the commodity markets has subsided, current market conditions remain difficult, and we expect this to persist into 2011.”

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