Join The Discussion

 

Bicycling, fitness center, rooftop bar coming to Clearfork's Trailhead

An 11,000-square-foot bicycling and fitness center is headed for the Trailhead at Clearfork on the Trinity River in west Fort Worth, Cassco Development said Wednesday.

read more >

Glen Garden rezoning for distillery, attraction, goes forward on 7-2 Fort Worth council vote

Fort Worth Mayor Pro Tem W.B. "Zim" Zimmerman moved to approve the rezoning on a substitute motion, after Council member Kelly Allen Gray initially moved to deny the case.

read more >

Residential land at Chisholm Trail Ranch purchased

Stratford Land, Legacy Capital Co. and the Walton Group of Cos. have snapped up 268 acres of residential land at Chisholm Trail Ranch in Fort Worth.

read more >

Fort Worth to consider adopting 15-year Cavile Place redevelopment plan

The 300-unit Cavile Place housing project in Southeast Fort Worth would be razed and replaced in phases, with a significant number of the units redistributed into the neighborhood.

read more >

Fort Worth payment processor acquired by pension plan group

Fort Worth-based First American Payment Systems has been acquired by an investor group led by the Ontario Teachers’ Pension Plan (Teachers’), with participation of members of the First American management team.

read more >

 

Builders FirstSource reports 4Q sales surge
A. Lee Graham

Reporter

Despite a drop in new home construction starts nationwide, Dallas-based Builders FirstSource Inc. has reported a $369.1 million sales surge in fourth-quarter 2013.

The Dallas company, which supplies and constructs structural and related building products for residential construction, saw a 28.3 percent increase in sales in fourth-quarter 2013 from the same quarter the previous year. Net income rose to $4.5 million in the same quarter compared to a $12 million loss in the same quarter a year earlier.

The company ended fiscal 2013 with about $1.5 billion in sales, 39.2 percent more than the previous fiscal year. The year ended with the company achieving 618,400 housing starts, 15.5 percent more than in 2012.

“When coupled with the ongoing recovery in U.S. housing, our market share gains of recent years have helped accelerate the pace of our sales growth,” said CEO Floyd Sherman in a news release.

“In turn, this enabled us to end fiscal 2013 with positive earnings before taxes, when excluding the effects of charges related to our May 2013 debt refinancing," Sherman said.

“Higher sales volume and better customer pricing were the primary drivers of our overall margin improvement, in what is still a very competitive pricing environment," Sherman said.

While frigid temperatures and relentless winter storms have slowed or stalled new-home starts, Sherman offered an upbeat forecast.

"Winter weather across our markets thus far in 2014 has caused disruptions and has delayed construction activity,” Sherman said. “Nevertheless, we still believe a growing demand for housing exists in our markets, and that once the weather abates increased construction activity will return."

Builders FirstSource operates 53 distribution centers and 47 manufacturing facilities in nine states. Manufacturing facilities include plants that manufacture roof and floor trusses, wall panels, stairs, aluminum and vinyl windows, custom millwork and pre-hung doors.

The company also distributes windows, interior and exterior doors and other building products. More information is available at www.bldr.com.

lgraham@bizpress.net

 

< back

Email   email
hide
Training Camp
Training camp is starting this week. How will the Dallas Cowboys do this season?