Dallas, TX-based building materials supplier Builders FirstSource reported its 2014 fourth quarter and full year financials on Friday.
Builders FirstSource's Q4 sales increased 7.5 percent to $396.7 million, while profit fell 46.5 percent to $2.4 million. Selling, general and administrative expenses increased 13.5 percent to $9.4 million.
The company completed two Texas acquisitions in Q4 – Trim Tech of Austin and Empire Truss, Ltd. These mark the fourth and fifth acquisitions by the company since mid-2014. The company also opened a new distribution facility in north Houston.
Builders FirstSource CEO Floyd Sherman said, "Though the level of new construction activity was not what we expected in 2014, we were still able to deliver profitable top-line growth while also expanding our product offerings and customer base via multiple acquisitions within very attractive housing markets."
For the full year, the company's sales increased 7.7 percent to $1.6 billion, while profit was $18.2 million. The company took a $42.7 million loss in Q4 2013.