Seeking Alpha

Builders FirstSource (BLDR) is generating accelerating profitability. In 2012 the company generated $6.4 million of adjusted EBITDA (after years of losses). By comparison, in Q3 2013 alone, the company generated $23 million of adjusted EBITDA. Builders FirstSource manufactures structural building products for the residential housing industry. It is benefiting from the housing rebound and its results demonstrate the operational leverage in its business model. In this article I will analyze Builders FirstSource's financials and valuation as well as my view on the upside opportunity over the next few years.

The Builders FirstSource Story

Please see my previous article for Bullish On Builders FirstSource: Over 2x Upside Potential To Mid-Cycle Intrinsic Value for the full background. Here are...

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