Benzinga | May 6, 2021 07:12AM EDT

Builders FirstSource Sees FY21 Net Sales $16B-$17B; Sees Adj. EBITDA $1.75B-$1.85B

2021 Outlook

For 2021, the Company expects significant improvement in its financial performance, including the following:

* Net sales to grow to a range of $16.0 billion to $17.0 billion or approximately 25% to 33% over 2020 combined pro forma net sales of $12.8 billion.

* Adjusted EBITDA to be in a range of $1.75 billion to $1.85 billion or approximately 64% to 73% over 2020 combined pro forma Adjusted EBITDA of $1.07 billion.

* Expected realized cost savings of $60 million to $70 million

* Free cash flow in the range of $1.3 billion to $1.5 billion