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

Analysis of Revenues

Revenues as Reported

Revenues as Reported

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).

Revenue Trends from 2018 to 2022: The revenue data indicates a consistent upward trend across all product categories over the five-year period, with particularly strong growth from 2020 onwards.
Lumber & Lumber Sheet Goods: Revenue in this segment showed a decline from 2018 to 2019, decreasing from approximately $2.90 billion to $2.25 billion. However, revenues rebounded in 2020 to about $3.08 billion and then surged substantially in 2021 to $8.46 billion. A slight decline occurred in 2022 to $8.09 billion, though revenues remained significantly higher than earlier years.
Manufactured Products: This segment experienced steady growth from 2018 to 2020, with revenues increasing from $1.39 billion to $1.64 billion. From 2020 to 2021, there was a pronounced increase to $4.40 billion, followed by further growth to $5.69 billion in 2022, indicating rapid expansion in recent years.
Windows, Doors & Millwork: Revenues for this category rose steadily from $1.45 billion in 2018 to $1.63 billion in 2020. The period from 2020 to 2021 saw an acceleration in growth to $3.40 billion, with continued gains reaching $4.79 billion in 2022.
Specialty Building Products & Services: This segment experienced consistent revenue growth over the entire period, increasing from $1.98 billion in 2018 to $2.21 billion in 2020, then accelerating to $3.63 billion in 2021 and further to $4.16 billion in 2022.
Net Sales: Overall net sales exhibited a decrease from 2018 ($7.72 billion) to 2019 ($7.28 billion), followed by a recovery and significant growth by 2020 ($8.56 billion). Substantial increases were recorded in 2021 ($19.89 billion) and 2022 ($22.73 billion), reflecting expansion across product lines and strong market demand.
Summary Insights: The data reflects a period of marked growth starting in 2020, with all categories showing accelerated revenue increases leading to a near tripling of net sales by 2022 compared to 2018 levels. The sharpest increases occurred between 2020 and 2021 across all segments, suggesting enhanced market penetration or pricing power. While the lumber segment showed a minor decline from 2021 to 2022, it remained at historically high levels. The overall trend suggests successful business scaling and strong demand for the company’s products.

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