Name: Builders FirstSource Inc. (NYSE:BLDR) | Analysis of Revenues
Creator: Stock Analysis on Net

Analysis of Revenues

Revenues as Reported

Revenues as Reported

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Builders FirstSource Inc., income statement, revenues

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Lumber & lumber sheet goods	8,088,147)	8,455,046)	3,076,376)	2,251,580)	2,902,155)
Manufactured products	5,692,406)	4,404,054)	1,640,460)	1,449,550)	1,392,043)
Windows, doors & millwork	4,790,820)	3,400,907)	1,629,179)	1,542,924)	1,445,858)
Specialty building products & services	4,155,045)	3,633,849)	2,212,859)	2,036,377)	1,984,715)
Net sales	22,726,418)	19,893,856)	8,558,874)	7,280,431)	7,724,771)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Net sales exhibited a period of relative stability between 2018 and 2020, followed by a period of exponential growth starting in 2021. Total revenue increased from approximately 7.72 billion USD in 2018 to 22.73 billion USD by the end of 2022, representing a substantial expansion of the company's top-line scale over the five-year period.

Net Sales Performance: An initial slight decline occurred between 2018 and 2019, where net sales dropped by approximately 5.7%. This was followed by a recovery in 2020 and a massive surge in 2021, where revenue more than doubled from 8.56 billion USD to 19.89 billion USD. Growth continued into 2022, reaching a peak of 22.73 billion USD.
Lumber and Lumber Sheet Goods: This segment represents the most volatile revenue stream. After a dip in 2019, the segment experienced a dramatic spike in 2021, rising to 8.46 billion USD. A slight correction was observed in 2022, with revenue decreasing to 8.09 billion USD, although it remained significantly higher than pre-2021 levels.
Manufactured Products: A consistent upward trajectory is observed in this category. Revenue grew steadily from 1.39 billion USD in 2018 to 1.64 billion USD in 2020, before accelerating sharply to 4.40 billion USD in 2021 and further increasing to 5.69 billion USD in 2022.
Windows, Doors and Millwork: This segment showed stable, incremental growth from 2018 through 2020. A significant expansion occurred in 2021, with sales jumping to 3.40 billion USD, and continued strong growth into 2022, where revenues reached 4.79 billion USD.
Specialty Building Products and Services: Similar to other product lines, this segment experienced steady growth in the early period (2018–2020) followed by a sharp increase in 2021 to 3.63 billion USD. By 2022, the segment reached 4.16 billion USD, contributing to the overall diversification of the revenue base.

The analysis indicates that while the 2021 revenue surge was heavily influenced by the Lumber and Lumber Sheet Goods segment, the growth in 2022 was driven more prominently by Manufactured Products and Windows, Doors and Millwork, suggesting a shift toward a more diversified revenue mix.

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