Editors note: This story was updated on 7/27 to correct an error, incorrectly listing figures for "income from operations" as operating costs. The story has been updated to reflect this change.
Builders FirstSource posted strong Q2 earnings numbers Thursday, with profit up $1.1 million and sales up $35 million or 8.2% compared to the year ago period.
BFS posted $662.4 million in total assets, up $79.3 million from the year ago period. In addition, income from operations fell from $17.4 million down to $15.9 million compared to the year ago period.
In the release announcing the numbers, BFS also noted that it had "received all third party and governmental consents necessary for the completion of our previously announced acquisition of ProBuild Holdings LLC ("ProBuild"), one of the nation's largest professional building materials suppliers. The acquisition is expected to close in early August 2015 in conjunction with Builders FirstSource's previously announced financing transactions."
BFS announced its acquisition of ProBuild earlier this year. The only other mention of the acquisition in the release was in a statement from COO and CFO Chad Crow.
"We made significant strides in improving our profitability this quarter. We believe further operating leverage is possible with continued improvement in the housing market and our increased scale following our acquisition of ProBuild."
The morning after the announcement, BFS was trading up at around 3%.