DALLAS, July 31, 2008 (PRIME NEWSWIRE) -- Builders FirstSource, Inc. (Nasdaq:BLDR), today reported a net loss of $45.9 million, or ($1.29) per diluted share, on sales of $307.3 million for the second quarter ended June 30, 2008. These results compare to net income of $8.4 million, or $0.23 per diluted share on sales of $465.1 million for the second quarter ended June 30, 2007.

Other Second Quarter Financial Highlights

"Housing starts nationally and in our markets continued to decline during the quarter. Specifically in our markets, housing starts fell an estimated 43.1 percent in the second quarter of 2008 when compared to the second quarter of 2007," said Floyd Sherman, Builders FirstSource Chief Executive Officer. "Our sales for the quarter declined by 33.9 percent, as we were able to partially offset the decline in housing starts by growing market share by an estimated 8.2 percent while sales from new operations contributed 1.6 percent. The change in market prices for lumber & lumber sheet goods had a nominal impact on sales for the quarter."

Mr. Sherman continued, "With the continued decline in housing starts and general macroeconomic conditions that affect our industry, we have not wavered from our commitment to reduce operating costs, improve operating efficiencies and grow market share. We continue to evaluate our costs and make necessary reductions. We were able to reduce our selling general and administrative costs by 18.8 percent from the second quarter of 2007. We also successfully gained market share during the quarter through developing customer relationships and diversifying our customer base."