REPORT: Builders FirstSource exiting New England
The Dallas-based pro dealer is closing its branch in East Haven, Conn.
Builders FirstSource is closing its branch in East Haven, Conn., according to a report by HartfordBusiness.com.
In a filing with the Department of Labor, the Dallas, Texas-based pro dealer said the location will begin letting employees go as early as Dec. 26, including drivers, sales personnel, and drywall carriers.
The move will mark Builders FirstSource’s departure from the New England region. The dealer operates more than 25 locations in New York and New Jersey but none north of the Tri-State region.
Builders FirstSource operates more than 400 locations in 40 states.
On Nov. 1 Builders FirstSource reported third quarter 2018 net sales increased more than 12% to $2.1 billion from third quarter 2017 net sales of $1.87 billion. The dealer also posted a net income of $73.3 million for the quarter, nearly doubling a net income of $39.8 million in the third quarter a year ago.
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